Shiba, Doge, and other Dog Themed Coins Outperformed recently. Will the PUMP Continue?

Shiba, Doge, and other Dog Themed Coins Outperformed recently. Will the PUMP Continue?
Shiba, Doge, and other Dog-Themed Coins continue to Outperform, will the Pump Continue?

Over the last 30 Days, SHIB has outperformed both ETH and BTC while Doge outperformed BTC. Over the last 5 days, DOGE has outperformed ETH as well.

After struggling for most of the year, Dog themed coins are making a comeback.

Shiba, Dogecoin, and other Doge Themed Coins Performance

See this performance chart versus ETH which pumped 50% in a month.

  • 3 out of the 5 Dog Themed Coins Outperformed Ethereum
  • 4 out of the 5 Dog Themed Coins Outperformed Bitcoin
ROI in 1 Month
Shiba Inu+11.1%
Dogelon Mars-13.0%
Floki Inu+13.8%
Baby Doge+6.3%
  • Dogecoin which has lost more than 90% of its value over the last 15 months is a favorite of Elon Musk. It has a market capitalization of $8.7 billion and is ranked 10th amongst all cryptocurrencies.
  • Shiba Inu (SHIB), which closely follows Dogecoin in its popularity surged over the month on the back of a new game called the Shiba eternity. That said, SHIB is down 77% from the Crypto peak of November 10, 2021. In spite of these prices during the week, more than 1.2 million people hold Shina Inu coins. The launch of Layer-2 blockchain Shibarium would drive Shiba Inu higher. SHIB holds 12th place on the charts of the largest cryptocurrencies because of the market cap of $7.04 billion. 
  • Floki Inu and Baby Doge are much smaller dog-themed coins but have benefited from the resurgence of Dog Themed Coins. Aside from the recent recovery, Floki Inu is down 95% from its peak while Baby Doge is down 66%.
  • The launch of Dogechain, which is a blockchain built with Polygon Edge, resulted in a huge spike in the price last week. Dogechain enables the developers to cut down the process of creating apps that work on Ethereum because of the EVM compatibility. This caused the price to rise, but it was short-winded. When Jens Wiechers, governance and legal president of Dogecoin Foundation, announced that Dogecoin and Dogechain are not associated, it was instantly followed by a price drop of 12.4%. 

The macroeconomic situation with high inflation, the Chinese property market bubble and Europe’s Gas crisis have pushed the crypto market lower.

Dog Themed Coins: It is not all gloomy out there

That said, it is not all gloomy out there. Our anticipation is that the markets will start to get better in the fourth quarter as the US economy begins to recover from the recent rate hikes.

In the Dog Themed space, a new cryptocurrency Tamadoge is in the middle of a Presale. Tamadoge is an interesting ecosystem that connects the metaverse, called Tamaverse, NFTs, a play-to-earn system, and lots of rewards along the way. As witnessed in 2021, newly launched coins tend to deliver better returns on average, particularly if the economic environment gets better. This is particularly true with Play to earn coins. Tamadoge has apparently managed to raise $6,936,267.64 so far. Here is the whitepaper.

Best Meme Coins to buy Now

In order to buy any of these Dog Themed coins here are steps to invest

Step 1 – Set Up a Crypto Wallet: Many of the best crypto wallets are free and easy to use, eg: MetaMask

Step 2 – Purchase ETH or USDT

Shib, Doge, Floki or Tamadoge (TAMA) tokens can be purchased using either ETH or USDT. It’s easy to buy Ethereum or USDT using a respected crypto exchange or broker, although you can also buy ETH through the Tamadoge presale platform using a credit or debit card. Once you have purchased ETH or USDT, make sure to transfer your holdings into your new crypto wallet.

Step 3: Click ‘Connect Wallet’, choose your wallet provider, and follow the instructions to make the link.

Step 4 – Buy Token

Enter the amount of Shib/Doge/Floki/ Tamadoge tokens you’d like to purchase and click ‘Convert ETH’ or ‘Convert USDT’, depending on which currency you hold. A pop-up will then appear, asking you to confirm the transaction.

Step 5 – Claim Tamadoge Tokens

The final step is to claim your TAMA coins. You can do this once the presale has concluded by clicking ‘Claim’ on the Tamadoge website’s homepage.

Shiba, Doge, and other Dog Themed Coins Outperformed recently. Will the PUMP Continue?

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.



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