Token Meme, The Reason Why Dogs And Cat Theme Tokens Become Targets

Illustration. (Photo: Doc. Antara)

JAKARTA - The digital asset world is one of the sources of income for investors in the digital era. Meme tokens are one of the best choices to get high profits without the need to work. High rivalry now has a well-known dog and cat theme token that dominates the attention of investors, including in Indonesia.

Market competition makes investors need to choose one of the two best coins above. To meme dog tokens, their dominance is known as Dogecoin and Shiba Inu. His iconic image or symbol in the form of dogs is often used as a joke.

Another term from the Shiba Inu token meme is Dogecoin Killer because it has an ambitious purpose to be a competitor to the Dogecoin market. The features provided are also quite a lot so that for popularity they can compete with other memes. Here's a more complete explanation of the token meme and the difference between the dog and cat theme tokens:

Comparing all the meme tokens above is indeed difficult because everything competes fiercely to lead the market. Doge coin can be said to be a genuine meme that holds a dominating position and has a large market capitalization. Shiba Inu also has high popularity known as the SHIB token meme.

1. Shiba Inu or SHIB

First, Shiba Inu as a coin or token that launches in 2020. The presence of Shiba Inu aims as an alternative to DOGE in the Ethereum or ETH ecosystem. Having its own incubator that allows tokens not to be exchanged and makes Shiba Inu token memes exclusive.

The supply of funds circulating on Shiba Inu ranges from IDR 590 trillion tokens with a market capitalization of more than 5 billion dollars. Naturally, SHIB is familiar in the market and is able to compete as a token meme with many interesting facts in it.

2.Doge Coin

Second, there is Doge Coin as a genuine meme token or meme created in 2013 which means before SHIB emerged. Doge Coin's basic technology exploded in popularity until it exceeded anyone's expectations. DOGE comes as one of the latest technologies from a token meme and branches of various digital investments.

Doge Coin's own operations without using deflation models and unlimited ownership. The market capitalization until the end of 2024 is 13.24 billion dollars. DOGE continues to be praised by various public figures so that its popularity also increases. Not to mention on social media, Doge Coin has a large following so to find out the information will be much easier.

3. Pepe

Pepe Coin or PEPE is the latest meme to come in 2024 because the launch was only in 2023. It didn't take long for Pepe to immediately have a market capitalization of soaring, namely 1 billion dollars. The main goal of Pepe's project is to maximize the function of giant meme coins such as DOGE and SHIB which have been explained previously.

A number of incentive features are given as an attraction for users including tax-free policies to prizes. Interestingly, no one knows who created PEPE but the meme of the token is attracting attention. PEPE valuation continued to increase to 1.6 billion dollars in May 2023. Up and down the market capitalization of PEPE is very natural because it is a new coin.

4. Dogwifhat

Almost the same as PEPE, Dogwifhat is still relatively new on the market, which only launched in November 2023. Seeing the initial growth of the Dogwifhat meme almost the same as the Shiba Inu token which means Dogwifhat can be popular later. The surge in trading volume shown by Dogwifhat so that it can be stable in the future.

It's just that interest in Dogwifhat is still relatively small and has even decreased. However, Dogwifhat must have its own way of reviving his token. Dogwifhat's success will be the same as PEPE, which depends on the strength of the community in the market. This factor can be an unmatched attraction.

The increase in market capitalization that has occurred in Dogwifhat is 7%. The number of increases cannot be underestimated because it is classified as high. The interest of novice investors will be focused on new tokens such as PEPE and Dogwifhat if they like challenges. Everything has its own advantages and disadvantages in every token.

If asked which is the best between the four meme tokens above, it depends on the person who sees it. Given that the PEPE is still relatively new and the records are not yet too visible, DOGE and Shib are still superior. The ecosystem owned by SHIB in DeFi and its surroundings makes SHIB one step ahead.

Dogwifhat himself as a very new token cannot be said to be a competitor to the previous token meme market. SHIB, DOGE and PEPE will continue to dominate market capitalization and all three will compete in their own style.