Dog crypto tokens began as a joke. The meme coins came from an internet owner who shared a funny picture of a dog. To prove the invalidity of cryptocurrency, two developers, Jackson Palmer and Billy Markus, jumped on the meme and created a dog cryptocurrency and named it "Dogecoin".
This made the internet go into a frenzy. Like all trading markets, people began buying the news. Therefore, people began buying meme coin as a joke. This was in 2013. The coin became a meme coin. Within no time, the price of the coin went up.
A few years later, in 2020, to simply affirm the validity of the crypto space, Elon Musk bought millions of Doge, making many people billionaires. Elon Musk was proving a point that cryptocurrency is the next financial means of a tradable asset. It is important to note that Dogecoin has no real use case and is not limited in supply. Simply to prove a point of the invalidity of cryptocurrency.
Thereafter, developers got into the hype and began creating Dog Tokens. Shiba Inu came up in the mix. The coin made people instant Billionaires in 2021. Floki Inu was also a result of Dogecoin. Funny thing, Elon has always tweeted about these meme coins and given hints before they mooned.
Other Popular Dog Crypto Coins Since Dogecoin
The following are the top meme tokens by market capitalization and popularity in 2022. The coins are resemble dogecoin and are dogecoin-inspired.
1. Shiba Inu (SHIB)
2. Floki Inu (FLOKI)
3. Baby Dogecoin (BabyDoge)
4. Dogelon Mars (ELON)
5. Safemoon (SMI)
These are so far the most popular crypto coins that have made many instant Billionaires.
Scam Dog Crypto Tokens
It is important to note that scammers are using cryptocurrency platforms as well to rug pull innocent investors. Popular memecoin tokens like the Squidcoin rendered someone bankrupt. Therefore, take time and invest only what you can afford to lose.
Do Dog Tokens Have a Longterm Future?
If you ask me, Vitalik Eth mentioned that coins with real use case will withstand the test of time. However, popular movie stations and sports sites have adopted Shiba Inu. Elon Musk promised to use Dogecoin as a Mars currency. Well, invest wisely. Do not let the FOMO get to you.
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