Thanks to Elon Musk and a community of memelords, Dogecoin is the hottest meme cryptocurrency right now. In fact, people are so confident in Dogecoin's potential that the coin is predicted to hit $1 in less than a year.
However, did you know that Dogecoin is not the only dog crypto in the market? Here's a list of dog-inspired meme cryptos other than Dogecoin.
1. Shiba Inu Token
Dubbed as the "DOGE killer," this token is viewed as the dog crypto alternative that is threatening Dogecoin's dominance. Launched in August 2020, Shiba Inu Token is an Ethereum-based cryptocurrency that "allows users to hold billions or even trillions of them" due to its extremely low price, which is around $0.000009 at this time of writing.
Thanks to doggo crypto lovers, Shiba Inu Token has a market capitalization of over $5 billion. It is such a hit in India that Ethereum co-founder Vitalik Buterin donated 50 trillion Shiba Inu Tokens to India's COVID-crypto relief fund to buy oxygen cylinders and oxygen concentrators.
Developers behind Shiba Inu Token are planning for the launch of a dedicated trading platform, ShibaSwap for the token. So for now, to buy and swap Shiba Inu Token, you have to first buy Ethereum on Uniswap.
2. Kishu Inu
"Little meme. Big dreams." Kishu Inu was launched in April 2021 as "a decentralized meme project with a true purpose." The dog crypto's highlight feature is that for every transaction on its network, existing holders automatically earn two percent from the transaction.
Like Shiba Inu, Kishu Inu is also powered by Ethereum and trading on Kishu Swap, which is powered by Uniswap. It is stored in the MetaMask wallet.
In addition to Kishu Inu, developers behind the token have ambitious plans to expand into the NFT market with Kishu Crate. For fans of the token, a merchandise store called Kishu Swag is also coming soon.
3. Dogey-Inu
To thank the developers of Shiba Inu for "laying the groundwork for DeFi community building," a community of meme crypto lovers has come together to launch Dogey-Inu on Ethereum.
Dogey-Inu has a 60 percent coin burn. "Coin burning" is the process of removing the supply of a cryptocurrency in the market to retain value. Dogey-Inu claims that its 60 percent coin burn rate "allows for greater price appreciation, larger market cap, and less ability for any one party to rug-pull you."
The process of buying and trading Dogey-Inu is pretty much the same as Shiba Inu and Kishu Inu. Users have to visit Uniswap and buy Ethereum to begin trading. Like Shiba Inu and Kishu Inu, Dogey-Inu is also stored in the MetaMask wallet.
4. Red Shiba Token
Red Shiba Token is the very first charity-based token on the Binance Smart Chain. Each month, a percentage of Red Shiba Tokens will be donated to a charity organization chosen by the community. The token also has a five percent redistribution protocol to protect its holders and maintain the token's value.
Red Shiba Token is available on PancakeSwap. Like Kishu Inu, the developers behind Red Shiba Token are also planning to make their foray into the NFT marketplace.
5. Husky Shiba Token
Husky Shiba Token is a charity-driven community token determined to go to the moon, and it needs your help. Like Red Shiba, the token is also built on the Binance Smart Chain.
As a charity crypto, Husky Shiba has a liquidity tax rate of eight percent, and promises that 50 percent of its generated liquidity is donated to animal shelters in the US.
Hope For Paws, an animal rescue shelter in Los Angeles, is one organization that has received donations from Husky Shiba Token. So, if you'd like to support a good cause, Husky Shiba is available for purchase at PancakeSwap.
Today's rescue video is dedicated to @husky_shiba as a huge Thank You for the amazingly generous donation to @HopeForPaws - Please watch it here and share it with your family and friends: https://t.co/yzLK2Gz20P ❤️ pic.twitter.com/aYK2T6F9IP
— Hope For Paws (@HopeForPaws) May 16, 2021
6. Yuki Inu Token
Inspired by Shiba Inu, Yuki Inu is the "happiest meme token" on the market. Freshly launched in May 2021, Yuki Inu had already burned 10 percent of its own supply and "sent them to Japan" so the doggos can rest in peace.
To further ensure its value and stability, Yuki Inu boasts a unique system where it withdraws 20 percent of its liquidity for coin burning every day. All of its coin burning activity is posted on Yuki Inu's official Twitter account for transparency.
When users trade Yuki Inu, a transaction fee of eight percent is charged. Four percent of it is added to the liquidity, and the remaining four percent goes back to its holders. Yuki Inu is available for purchase on PancakeSwap, and can be stored in the MetaMask wallet.
7. Dogelon Mars
Of course, there would be a dog crypto loosely named after Elon Musk. Dogelon claims that it is a "fair universal currency for the people," and it is not a meme token like Dogecoin. The token also pledges to help victims of crypto scams by airdropping Dogelon coins.
Dogelon says that it "follows the path of Shiba Inu." It is built on Ethereum and it burned 50 percent of its supply to Ethereum co-founder Vitalik Buterin to maintain value.
If you'd like to join Dogelon on its journey to Mars, the token is available for purchase and trade on Uniswap, Poloniex, and Ox Protocol.
8. EtherBone
And finally, a dog crypto that is not named after a dog. EtherBone is the brainchild of DogData, a kennel organization based in Estonia. Founded in 2017, DogData aims to build a worldwide peer-to-peer dog ownership and management network to improve dog welfare practices.
EtherBone is one of DogData's range of offerings powered by blockchain and AI to achieve its goal. If you are a dog owner or dog breeder registered with DogData, you are able to start earning EtherBone through the platform.
Are Doggo Cryptos Worth the Investment?
Since Dogecoin went mainstream, a slew of dog-inspired cryptos are riding the wave of doggo fever in the cryptocurrency market. It is understandable why dog-themed cryptos are gaining so much momentum as altcoins: they boast cute designs, and their meme-worthy content is a breath of fresh air from the "seriousness" of crypto trading.
Investing in doggo cryptos could be a fun thing to do, but as with all cryptocurrency investments, these coins are extremely volatile. So, again, make sure you conduct plenty of research before delving into doggo cryptos.
