Shiba Inu and PEPE might have met their match with Dogen’s rising popularity

Dogen, a new meme coin, is rapidly gaining attention, drawing comparisons to market giants and reshaping the meme coin landscape.

Shiba Inu: The Ethereum-based meme coin with growing potential

Shiba Inu (SHIB) is an Ethereum-based cryptocurrency launched in August 2020 by the anonymous developer Ryoshi. Inspired by Dogecoin, SHIB runs on the Ethereum blockchain, making it compatible with Ethereum’s extensive ecosystem. It started with 1 quadrillion tokens, half of which were sent to Ethereum co-founder Vitalik Buterin to build trust. 

Buterin donated a significant amount to the India Covid Crypto Relief Fund and burned 40% of the total supply, reducing circulation. SHIB’s integration with Ethereum enables applications like ShibaSwap, a decentralized exchange, and plans for a future NFT platform and decentralized governance system. This integration offers potential for broader utility in the crypto space, making SHIB an interesting option in the current market.

PEPE meme coin: Deflationary tribute to Pepe the Frog on Ethereum

PEPE is a deflationary memecoin launched on the Ethereum network as a tribute to the Pepe the Frog meme. Inspired by the success of Shiba Inu and Dogecoin, PEPE distinguishes itself with no transaction taxes and a commitment to its pure memecoin identity. In mid-2023, it reached a peak market cap of $1.6 billion, sparking enthusiasm among crypto communities. 

The coin’s roadmap aims to boost visibility through social media trends and listings on major exchanges. It employs a burning mechanism to enhance scarcity and a redistribution system to reward long-term holders. As an ERC-20 token, PEPE benefits from Ethereum’s Proof-of-Stake security and is available on platforms like Uniswap, Binance, and KuCoin.

Conclusion

Coins like SHIB and PEPE may have less short-term potential, but DOGEN stands out for those seeking luxury and success. Expected to grow 700% by presale’s end, with potential for massive returns this altcoin season, DOGEN follows successful tokens, building a community of leaders and offering real benefits to early adopters.