đ€ĄWhat is Memecoin? Popular memecoins
đ»Memecoins are cryptocurrencies created from memes or jokes on the Internet and social networks. Memecoin often tends to fluctuate greatly and is strongly influenced by the community. They often have a huge or unlimited supply.
đDogecoin (DOGE) was inspired by a meme about the Shiba Inu dog and was created as an entertainment cryptocurrency, aiming to attract community interest. As a fork of Litecoin (LTC), DOGE applies Proof of Work (POW) mechanism and has no limit on supply.
đShiba Inu (SHIB) is DOGE's opponent and is known as the "Dogecoin killer". SHIB's name is based on a Japanese dog breed. Unlike DOGE, SHIB's supply is limited to 1 million million tokens, of which 50% was burned and donated to charity.
đŠDogelon Mars (ELON) closely follows the doggy token duo in terms of popularity. ELON is named after Elon Musk, is a fork of Dogecoin and has a circulating supply of 557,000 billion tokens. ELON has increased more than 3,780% since its launch in April 2021.
đ·AKITA is strongly inspired by DOGE and was launched on Uniswap as an ERC-20 token in February 2021, with an encryption system not much different from SHIB.
đ»Samoyedcoin (SAMO) is a dog memecoin project built on the Solana blockchain. At launch, 13% of SAMO's supply was distributed to members of the community.Â
