Investors are looking for Dogecoin’s next big rival as speculation increases over Donald Trump’s possible creation of the Department of Government Efficiency (DOGE). Dogecoin’s popularity has skyrocketed with a flood of mentions of “DOGE” and “DOGE” on social media. The price of this coin has increased by 10% in the past 24 hours and is currently trading at $0.1332. While Dogecoin is back in the spotlight, smart investors are looking at other cryptocurrencies that could be strong competitors. In this article, we will focus on four Dogecoin rivals that you should consider adding to your portfolio.
4 Dogecoin rivals to watch before DOGE launches
Data from Santiment shows that Dogecoin now dominates the social space after Elon Musk increased references to the Department of Government Efficiency (DOGE) regarding X.
However, some other altcoins are worth considering for investors. Here are four Dogecoin competitors to keep an eye on.
1. Shiba Inu (SHIB): Dogecoin Killer
Often referred to as the “Dogecoin killer,” the Shiba Inu has gained a lot of attention in the cryptocurrency community. SHIB has established itself as a strong competitor to DOGE with strong community support and a variety of use cases.
Features like ShibaSwap, Shibarium, and the upcoming Shiba Inu DAO greatly contribute to its appeal.
SHIB price increased by 4.5% in the past 24 hours and traded at $0.00001872. Price action shows that SHIB is approaching a potential breakout level and heading towards further highs.
2. FLOKI (FLOKI): Dog-based cryptocurrency
FLOKI, named after Elon Musk’s beloved dog, has captured the imagination of meme coin enthusiasts. The coin has grown significantly with an active community and strategic marketing campaigns. FLOKI’s partnerships and philanthropy have also contributed to its growing popularity.
FLOKI price has increased by 6.9% in the past 24 hours and is currently trading at $0.0001514. DOGE profits are already trickling into this altcoin, making it one of Dogecoin’s toughest competitors.
3. Pepe (PEPE): frog-based cryptocurrency
Pepe is another altcoin that has gained attention for its unique branding and community-driven approach. The coin’s developers are focused on building a fun and engaging ecosystem, which has resonated with investors looking for the next big thing in the crypto meme space.
PEPE price was hovering around $0.00001042 during New York trading hours today, rising 3% over the past 24 hours. PEPE is testing the $0.00001050 resistance level and a breakout above it could push the $0.000012 and $0.000022 resistance levels higher.
4. SUI: Sorana Killer
Although Sui is not a meme coin, it stands out for its innovative approach to decentralized finance (DeFi). We provide concrete utility through DeFi functions powered by AI. The coin’s high return potential and growing ecosystem make it an attractive option for investors looking for diversification.
We added Sui to this list because meme cryptocurrencies on the Sui ecosystem have recently gained attention as a growth chain. Profits from DOGE will flow into those tokens, potentially causing the price of SUI to soar.
SUI is currently trading at $2.07, up 0.3% in the past 24 hours. The asset is near all-time highs and has pulled back a bit as early buyers booked their profits. If SUI enters the price discovery zone, the current price could be a good entry point.
Shop these DOGE rivals
The excitement surrounding the possible creation of the Department of Government Efficiency (DOGE) is evident and evident in Dogecoin’s price movement. However, as DOGE rises, it may be a great time to invest in Dogecoin rivals such as Shiba Inu, Floki Inu, PEPE, and SUI that could siphon off DOGE volume.
Frequently asked questions (FAQ)
The DOGE initiative, likely backed by Elon Musk and Donald Trump, has led to a spike in mentions of Dogecoin, piqued investor interest, and triggered potential price increases for DOGE and rival meme coins.
Given the growing interest in the potential DOGE initiative and the associated social volume of Dogecoin, now may be a good time to explore Dogecoin’s rivals. Shiba Inu, FLOKI, Pepe, and Sui all have the potential for significant price increases.
Shiba Inu has earned the nickname “Dogecoin Killer” due to its rapid rise in popularity and its potential to rival Dogecoin’s market dominance.
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Evans Karanja
Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrencies, and the video game industry. His extensive experience includes working with a variety of startups to provide insightful, high-quality analysis that resonates with target audiences. As an avid crypto trader and investor, Evans is passionate about blockchain’s transformative potential across a variety of sectors. Outside of his professional work, he enjoys playing video games and exploring beautiful waterfalls.
Disclaimer: The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
