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.
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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.
Crypto Doggos List
Here are 5 doggo cryptos other than Dogecoin and Shiba Inu that you may have to keep an eye on:
Pitbull token (PIT) is a dog-themed meme token launched on the Binance Smart Chain(BSC) in March 2021. PIT was created by an anonymous group as a “unique social experiment” but has been relinquished entirely to the community of vibrant users, developers, investors, and volunteers. The Pitbull token has gained significant visibility within a short period. It now has over 100,000 followers on Twitter and 40,000 on its official telegram channel. This rapid progress is a testament to the power of a committed community to drive the growth of the social blockchain.
Pitbull token features an auto staking mechanism that rewards PIT holders with fees from transactions carried out with the token. PIT launched with a total supply of 100 quadrillion coins, out of which half was burned. Transactions with PIT carry a fee of 4% of the transaction value, with 2% distributed among users and the remaining 2% burned.
The Pitbull ecosystem is well-developed and has several use cases such as PitTracker, PitFarm, PitSwap. That’s not all. The community has lined up several ambitious projects to enhance the viability of the token further. These projects, most of which are at various stages of development, include play-to-earn gaming, NFTs, e-commerce, and charity.
DogeBonk (DOBO) is a doggo token on Binance Smart Chain (BSC) with deflationary and auto-staking features. A 10% tax is applied on every trade, 5% is shared among DOBO holders, and 5% is sent and locked permanently in a liquidity pool.
In a publicity stunt typical of dog crypto projects, Dogebonkers, as the community of devoted fans are known, launched the coin into space, beating the top dog – Dogecoin at their own game. Elon Musk had announced plans for “Doge-1 Space Mission,” a space mission paid with Dogecoin to send it to space as the first meme coin in space. However, DogeBonk community was faster to send its DOBO ti space.
DogeDash is a dog-inspired play-to-earn game hosted on the Binance Smart Chain. Based on Mario’s (the popular 90 games) side-scrolling classic style, the game design is simple: dash through the game levels as quickly as possible while avoiding obstacles and gathering coins along the way. If you make your way successfully through the 10 levels, the coins you have accumulated will be sent straight to your crypto address as a reward
Floki Inu Coin
Floki Inu (FLOKI) is a dog-themed meme coin ( referred to by its community as “a movement”) named after Elon Musk’s Shiba Inu dog. The token runs on both the Binance Smart Chain and the Ethereum blockchain. It was created by enthusiastic Shiba Inu fans and has a passionate community known as the Floki Vikings.
The community has ambitions to move FLOKI from its meme status to a more utility-focused project. Notable projects in their roadmap include an NFT gaming Metaverse named Valhalla, an educational resource platform called Floki Inuversity, and a merchandise marketplace named FlokiPlaces.
Floki Inu has also sought visibility by collaborating with CryptoCart (a digital marketplace) and Curate (or XCUR, an NFT and physical goods marketplace) that will see FLOKI used to buy items at their stores.
POODL token is a deflationary token that is built atop the Binance Smart Chain network. The project has been around for some time and was initially hosted on the Ethereum blockchain. However, the initial developers abandoned the project until some ardent fans recently revived it
Like the other doggo coins, POODL is primarily community-driven. However, the community is keen on transcending its meme coin status and is focusing on utility. Their notable projects include the POODL AR app, POODL crypto academy, 3D augmented Reality NFTs, and charity. Ever seeking to expand, the POODL roadmap is even more promising. Therefore, the community plans to move into real-world gaming, Geocoaching, and NFT gaming.
POODL tokenomics offer holders passive income. Every transaction attracts a fee of 3%, with 1% burned permanently, 1% distributed to holders, and 1% shared between charity, marketing, and liquidity. This makes POODL progressively scarce, increasing its value and incentivizing users to hold.
How to Choose the Best Crypto Doggo Breed?
Although these dog-themed coins and tokens share similar characteristics, they have differences. Before deciding on which to buy, you must understand their differences and how they compare. (Data are as at 17/02/2022)
|Pitbull (PIT)||DogeBonk (DOBO)||DogeDash||Floki Inu (FLOKI)||POODL|
|Circulating Supply||>40 Quadrillion||582 Trillion||54 Billion||Unknown||80.2 Billion|
|Maximum Supply||100 Quadrillion||1 Quadrillion||100 Billion||10 Trillion||100 Trillion|
|Market Cap||$39.4 Million||$29.7 Million||$17.1 Million||$379.1 Million||$3.0 Million|
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.
How to Exchange Dog Cryptos at the Best Rates?
These dog cryptocurrencies are not easy to swap since many major exchanges have not listed them. For an easy and instant swap, go to Swapzone. Swapzone has over 600 cryptocurrencies listed including these doggo coins. Let’s look at the example of how to buy one of these coins with BTC on Swapzone. Well, let’s exchange BTC to FLOKI!
Here is an easy-to-follow tutorial on how to buy Floki Inu coin with BTC on Swapzone:
- Head to the Swapzone website.
- Select the proper pair (BTC to FLOKI).
- Input the amount of BTC you want to exchange for FLOKI, and the aggregator will find the best deals for you.
- Click on the ‘Exchange’ button that leads you to an exchange platform, and type in the address where you want to send the FLOKI coins.
- Use the generated BTC address to send your BTC deposit.
- Head to ‘Proceed with the Exchange’ and – if you want – leave a review of the website you chose to carry out your exchange process.
- Wait for the deposit to be processed and your dog-themed coin exchange completed.