It’s safe to say that 2021 was a certified dog cryptocurrency frenzy where several dog-themed cryptos gained more traction than ever before. Dogecoin, for instance, managed to hit an all-time high price of $0.72 which resulted in a market cap of over $90 billion. Thanks to the massive success of Dogecoin and the Shiba Inu, a lot more dog cryptocurrencies are spawning into the market every day. In this post, we are going to discuss 5 of the most recent doggo cryptocurrencies making waves in the crypto market.
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What is a Dog Cryptocurrency?
Unless you live under a rock, you probably have an idea of what a dog cryptocurrency is. If not, a dog cryptocurrency is any “dog-inspired” or “dog-themed” cryptocurrency in the market. The idea is to have the coins named after a famous breed of dogs. The most popular dog cryptocurrencies are Dogecoin with a market cap of over $22 billion USD and the Shiba Inu with a market cap of over $17 billion USD. Currently, there are well over 20 dog cryptos in the market with some being named “babies” of popular ones.
With that said, here are some of the most common features of these dog-inspired cryptos:
- Based On a Popular Breed of Dogs
For instance, both the Dogecoin and the Shiba Inu are based on a popular breed of Japanese dogs.
- Have Loyal Communities of Fans
When Dogecoin was first established in 2013, it was meant to be a joke. However, since then, the coin has attracted quite a huge following of loyal fans.
- Have Active Social Media Channels
Because these coins are not too serious, it’s quite easy for fans or investors to remain engaged with them for a long time. Therefore, you will find that these coins are quite active on their social media channels.
- Supported by the Culture of Memes
The Dogecoin was originally meant to be a joke based on a dog meme that went viral. The rest, as they say, is history.
Recently Added Cryptocurrencies: Doggos Edition
As reiterated earlier, there are over 20 dog cryptocurrencies in the market today. With that said, let’s take a look at some of the most recent doggo cryptocurrencies. They include:
Hoge Finance (HOGE)
Launched on 7th February 2021, HOGE is the latest cryptocurrency to play upon the most popular Dogecoin meme. According to the official HOGE website, HOGE is a new DeFi cryptocurrency that’s focused on puppies, charity, and memes. The currency itself is available on several blockchains: Ethereum. BSC, Fantom, Polygon, XDAI. Currently, the HOGE team is pushing the project towards charitable efforts by making partnerships and relationships with animal charities and non-profits. There’s a plan to make a DAO.
Sanshu Inu (SANSHU)
Launched in 2021, the Sanshu Inu, otherwise known as SANSHU, has made its way into over 44,000 digital currency wallets. Unlike other dog-themed cryptos, this crypto is trying to tell a manga-type story through NFTs and a dedicated meta-verse. Additionally, the SANSHU token is deflationary. This means that the team behind SANSHU burns and redistributes it on every transaction. To date, over 62.8% of the total supply has been burnt.
Koromaru Inu is a new dog-inspired crypto that’s named after the Albino Shiba Inu that’s popular for its ferocity, intelligence, and loyalty. It’s also inspired by the main protagonist in Persona 3 the video game. For that reason, the official Koromaru Inu website describes this coin as the “first anime and dog meme hybrid”.
Zombie Inu (ZINU)
Launched on October 25th, 2021, the Zombie Inu is based on Zinu, a Shiba Inu infected with a rare disease that has transformed him into a “Zombie dog”. ZINU was created with a lot of utility in mind such as the ability to be used on multiple chains, providing holders with access to ultra-rare digital assets and offering the ZINU community a platform to interact. The ultimate goal of ZINU is to offer long-term value to ZINU holders.
XRDoge is the first meme coin to be established on the XRP blockchain. According to its official website, XRDoge is described as the “Robin Hood of crypto” that robs the supreme utility of the XRP ledger to provide “memetic & financial power to the masses”. Simply put, the coin delivers the utility of XRP combined with the memetic power of the Doge. According to the site, XRDoge is significantly faster than both the Dogecoin and the Shiba Inu, with a transaction time of 3 seconds.
Are These Coins a Good Investment?
There is no doubt the numerous stories of huge potential returns making rounds online are extremely tempting. And no doubt some people have become overnight millionaires thanks to these cryptocurrencies. However, the problem, as raised by a majority of experts and analysts, is that these coins lack fundamental utility. Their prices might continue to rise now but they may fall down too, and for no reason at all. Therefore, experts recommend extreme caution and well-deep research before investing in any dog crypto. And as always, risk only what you can afford to lose.
How to exchange these coins on Swapzone?
If you are wondering where to buy these recently added cryptocurrencies, then Swapzone is your answer. With that said, here is a detailed guide on how to buy any of these new crypto coins on Swapzone.
Step 1. Open the Swapzone website.
Step 2. Look for the “Select pair” tab and key in the kind of dog-crypto you want along with the amount that you want to exchange.
Step 3. In the “Get up to” section, select the dog-crypto you fancy.
Step 4. Enter the correct details in the subsequent tabs. Swapzone will provide you with a list of different exchange rates from various exchanges.
Step 5. Select the one that you want and hit “Exchange”.
Step 6. Enter your wallet details. Once done, hit “Proceed to exchange”. This will trigger the transaction to start.
Step 7. Wait for the transaction to finalize. Once it does, please, rate and review the exchange partner.