Dogecoin battles for crypto supremacy

Category: Blockchain Crypto Startup
Posted by Lea Hogg

Cryptocurrency was taken by storm with the advent of “dog coins” – a term coined for meme cryptocurrencies that have gained immense popularity in the last few years. Among these, Dogecoin (DOGE), Shiba Inu (SHIB), and the newcomer KangaMoon (KANG) have been making waves in the crypto market. Challenging market dominance is the new meme coin Pandoshi.

Dogecoin, which had a significant rally in 2021, was expected to hit $1 by many crypto investors. However, it faced a substantial crash during the recent bear market. The coin has seen a decrease in value by 0.25 percent over the last year, and its ecosystem growth has been minimal. The loss of support from celebrity enthusiasts like Elon Musk has led to a bearish sentiment throughout the Dogecoin ecosystem, with its social activity falling to all-time lows. However, a recent whale transaction of 250 million Dogecoin has reignited activity in the Dogecoin market.

On the other hand, as Dogecoin loses its momentum, Shiba Inu continues to grow. Over the last year, Shiba Inu has implemented several new developments, including Shibarium, which has helped the Shiba Inu ecosystem soar. Despite a slowdown in its growth initially in 2024, Shiba Inu is once again thriving. Over the last week, Shiba Inu inflows increased by 2,595 percent from 275.2 billion SHIB to 2.31 trillion SHIB. This staggering increase shows that investors are extremely bullish about Shiba Inu.

Meanwhile, KangaMoon (KANG), a new meme coin, has quickly raised over $130,000 during its presale. Unlike other meme coins, which focus on market hype for attention, KangaMoon combines play-to-earn gaming and social-fi to create a unique new ecosystem. Within this ecosystem, investors will have a range of earning opportunities, many of which come from engaging with other players in the KangaMoon ecosystem. KangaMoon is in stage one of its presale, and its utility token, KANG, is selling for $0.005.

Rising meme coin set to rival Dogecoin’s dominance

This year Pandoshi (PAMBO), a new meme coin, is challenging Dogecoin’s (DOGE) market dominance. Backed by an innovative product ecosystem, Pandoshi is expected to gain significant market share. The developers are creating a robust decentralized finance (DeFi) platform, including a layer 2 blockchain, decentralized exchange (DEX), non-custodial wallet, and crypto debit cards, setting Pandoshi apart from other meme coins like DOGE.

Pandoshi is nearing the end of its presale campaign, with over 90 percent  of the PAMBO token supply already purchased. The final presale price is $0.01 per token, a 5x return for early investors. Analysts expect PAMBO’s value to surge once it lists on major exchanges.

Pandoshi’s unique advantage is its underlying blockchain infrastructure, PandaChain. It allows PAMBO and other assets to operate with minimal fees and fast transaction speeds. It also supports Ethereum’s popular token standards, ensuring broad compatibility with existing DeFi apps and services.

Pandoshi plans to launch its own DEX, using trading fees to buy back and burn PAMBO tokens, making the asset deflationary over time. With its high-tech blockchain and deflationary DEX, Pandoshi is well-equipped to compete with established cryptos like DOGE.

Pandoshi already has an operational mobile wallet and offers crypto debit cards for real-world spending of cryptocurrencies. This expands PAMBO’s utility as an accessible payment method compared to Dogecoin’s limited payment integration. As Pandoshi’s Q1 2024 official launch approaches, investors have a limited opportunity to buy PAMBO tokens during the last presale phase.

In conclusion, while Dogecoin, Shiba Inu, and KangaMoon are currently dominating the dog coin market, they are not the only ones vying for attention. New entrants such as Pandoshi and other meme coins aim are also emerging with their own unique features and visions. However, regardless of which dog coin prevails, one thing is certain: the era of dog coins is far from over, and they will continue to challenge the status quo of the crypto world with their innovation, humour, and community spirit.

 

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