The 2021 bull market saw cryptocurrencies that reflected the theme of the dog dominate the market. This all began on April 2, when Elon Musk created cryptocurrency. tweeted “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” In the weeks that followed, Dogecoin – cryptocurrency’s original meme – skyrocketed from a meager $0.05 to a high of $0.75 on May 7th. This means that a DOGE owner who held $100 Dogecoin by April 2nd, would have $1500 less in a month.
DOGE, which is approximately $0.08 at time of writing, was accepted as payment for supercharging station merchandise sales by Tesla’s CEO. But many feel as though they’ve missed out on the asset’s heyday. They’re looking for the next 10,000x that only comes from early adoption. The five coins featuring dogs are likely to achieve this.
- Baby Doge ($BABYDOGE), which is a deflationary token that will become less common over time, costs $0.05. They charge a 5% fee for each sale of the asset and redistribute that fee to Baby Doge Coin holders – meaning the longer you hold, the more you can earn. It’s worth noting that Musk himself tweeted about Baby Doge on July 1st 2021. Baby Doge’s market cap currently stands at $263 Million.
- Dogelon Mars ($ELON) is a dog-themed project that seeks to outpace Dogecoin’s success. As the website says, “I am Dogelon. Dogelon Mars. Join me and together we will reach the stars.” The page refers to Musk’s vision of colonizing Mars – though the controversial billionaire has yet to mention the asset. Currently, ELON is ranked #126 by CoinMarketCap. It has a market cap valued at $267 million.
- Mini Doge ($MINIDOGE) started as a deflationary meme coin, but it’s since evolved into a Web 3 ecosystem complete with a play-to-earn adventure game that allows holders to earn NFTs and more tokens as they go. Mini Doge’s market capitalization is only $2.3million.
- Pulse Doge Win ($PULSEDOGE) is a community meme token that was built on Binance Smart Chain with the intent of bringing adoption to PulseChain – a new layer 1 blockchain set to launch later this year. The website claims that those who hold PulseDoge on BSC at the time of PulseChain’s launch will receive an equal 1:1 airdrop on PulseChain. This means that if you buy the token now, you’ll get double for your money. PulseDoge is worth $7.5 Million.
- Dogechain ($DC), an emerging layer-1 blockchain, is designed to increase DOGE’s DeFi utility. In a very limited time $DOGE holders can freeclaim $DC tokens by transferring their DOGE to centralized exchanges and other chains. While $DOGE bridges will eventually yield $DC tokens, staking $DC can earn users yield, prizes and voting rights in the Doge DAO. This is why buying $DOGE right now can yield huge gains once $DC launches. DogeChain has also been doing a grand-a-day giveawayThe entire month of Mai. You still have a few more days to participate.
2021’s epic bull run is over, but there will be another bull market, and people love their dogs. For the foreseeable future, memecoins will be dominated by dog-themed projects. What about 1,000x?
