Dog-inspired meme cryptocurrencies were a powerful narrative in the crypto-verse of 2021. The surprisingly breathtaking run of Dogecoin, pumped by Elon Musk’s cryptic tweets, had motivated developers to try and replicate its success. So, hundreds of dog-themed meme coins or doggos sprang up like wild mushrooms. While most of these projects fizzled into obscurity, some of them are still around and offer promising prospects. In this article, we’ll look at 5 of the doggos you might want to keep an eye on, their features, and where to exchange or buy dog cryptos.
What are the Features of Dog Cryptos?
Doggo coins or dog cryptocurrency are “dog-themed” cryptocurrencies typically named after a dog breed. They often have little or no real-world use case and thrive on viral online jokes or memes. Dogecoin started the trend in 2013 and has spawned over twenty spin-off coins since then.
Here is what they all have in common:
- Community of devoted fans: Dog Cryptos thrive on the support of a loyal and dedicated fan base. Therefore, these communities of avid supporters work to ensure the various projects’ continued success.
- Based On Popular Dog Breeds: The Shiba Inu is a cute Japanese dog breed that inspired Dogecoin and Shiba Inu.
- Active on Social Media: These coins typically have a vocal fan base that endlessly promotes them on social media. Hence, their social media channels, especially Twitter, are often more active than other more established cryptos
- Propagated by memes: Although now developers are whipping up projects to ensure the sustainability of these coins, they start as online jokes and viral memes. These memes, which spread rapidly throughout the internet, help keep these coins in the public eye.
Are Dog Cryptos Good Investment?
So, are doggo coins still a smart investment? It depends on how you look at it. While the likes of Dogecoin and Shiba Inu had a terrific run last year, there is no reason to think the trend won’t continue. But with the volatile nature of cryptocurrencies, it’s impossible to say if these meme coins will continue to do well, given that they mostly do not have any utility.
However, these coins and tokens are backed by a driven community working to move them from internet memes to functional tokens with solid fundamentals. When these projects are completed successfully, there could be an excellent chance that these doggo coins will become less speculative and offer more promise as investments.
Note that this is not investment advice. Ultimately, you alone can decide if investing in canine-themed crypto is for you. But the future looks bright for our fuzzy friends.
Crypto Doggos List