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Dogecoin is one of the most popular altcoins. Created by Billy Markus and Jackson Palmer in 2013, it began as a sarcastic meme. Open-source peer-to-peer cryptocurrency is known for its endless supply and low price.
The cryptocurrency gained enormous fame after Tesla CEO Elon Musk supported it in a series of tweets. He was also supported by rapper Snoop Dog and Dallas Mavericks owner Mark Cuban. The result was a massive price increase.
Dogecoin’s success attracted attention. As a result, several altcoins imitated Dogecoin in an attempt to ride with him.
Dogecoin-inspired cryptocurrencies
Shiba Inu
Shiba Inu is referred to on his website as a Dogecoin killer. The DOGE clone was developed on the ETH ERC 20 standard and was introduced in August 2020 by Royshi – an anonymous individual like Satoshi Nakamoto. According to CoinMarketCap, Shiba Inu’s current offering is 394,796 billion units and has a market capitalization of $ 3,252,624,820.
DogeCash
Another dogecoin clone is Dogecash. It was created by James Stewart and launched in October 2018. According to their website, Dogecash is a transparent and community-driven cryptocurrency. It achieves this attribute through proof-of-stake, active management and creation through DogeNodes.
The main goal of the cryptocurrency is to provide charitable contributions. The cryptocurrency is currently trading at $ 0.06465 with a market capitalization of $ 1,014,897. It ranks the number 1722 on the list of cryptocurrencies according to market capitalization.
UnderDog
Underdog is an imitator of Dogecoin, which is traded on PanCakeSwap. The cryptocurrency has a supply limit of one billion coins. This is the most coin that can ever be generated. The cryptocurrency is currently trading at $ 0.00009597. The market capitalization is $ 95,700, which is 5020th on CoinMarketcap.
Kishu Inu
Kishu Inu is another Doggecoin clone launched on April 19, 2021. According to their website, a decentralized, community-focused cryptocurrency offers its active users immediate rewards. Holders of decentralized wallets will receive a 2% Kish reward for each transaction. These rewards aim to promote community use and a healthy network.
Altcoin has a market capitalization of $ 92,685,000. Its price fell by 95% from a historical high of 0.00000002 USD on May 14, 2021, currently trading at 0.000000000932 USD. The recently launched coin is available for trading on Uniswap and Coin Tiger and has a supply limit of 1000 quadrillion.
Doge Token
Doge Token is presented as an effective and green version of Dogecoin. Traded at $ 0.001654, the price rose 8247205.76% from a historic low of $ 0.00000002 on July 18, 2021. The Doge Token is available at StellaTerm if you would like to invest in it. One of the best attributes of a stellar digital token is that it does not use proof-of-work. The Doge Token has a total supply of 10 billion units.
DogeFi
DogeFi is a unique digital coin. It brings together the gamified community and provides members with access to exclusive yield farming and price arbitrage projects. DogeFi trades for $ 0.4003 and has a market capitalization of $ 400,235. The cryptocurrency has a total supply of 10,000,000 with 100% of the circulation in circulation.
renDOGE
renDoge is being developed on the ETH blockchain network as one of the Dogecoin clones. The cryptocurrency was launched in January 2021 and is available for trading on LinkSwap and Uniswap. The open protocol supports transfers between blockchains. According to CoinMarketCap, renDOGE has a market capitalization of $ 998,566. The cryptocurrency is currently trading at $ 0.3238, an increase of 1,310.42% from an all-time low. The cryptocurrency has a total supply of 3,083,733 with almost 100% supply in circulation.
DogeSwap
According to developers Dogeswap, a cryptocurrency inspired by Dogecoin, increases intake from Yielfarming. It is currently trading at $ 22.56, an increase of 296.33% from a historic low of $ 5.69. We’ll see if it rises again and exceeds its all-time high of $ 931. It is currently listed on Febox, VinDa and Uniswap. According to CoinMarketCap, cryptocurrency has a market capitalization of $ 451,718.
MonaCoin
This cryptocurrency, founded in 2014, reached a maximum of $ 4,023 in April, which is much less than the historic maximum of $ 20.23 in 2017. The cat-themed coin is such a national cryptocurrency payment system in Japan. You can buy this coin on FinebOX, Zaif, Bittrex, ProbIT Exchange and BitBank. It has a maximum stock of just over 105 million pieces, with 65 million pieces already in circulation. According to CoinMarketCap, Moancoin has a market capitalization of $ 107,735,117.86.
Conclusion
Dogecoin is one of the highly recognized cryptocurrencies due to its huge growth potential. No wonder cryptocurrency developers have resorted to cloning digital coins to take advantage of DOGE-related opportunities. It is likely that even more Dogecoin-like coins will come in the future. We have to wait for how well they do.
