In 2013, Dogecoin emerged as a playful crypto, inspired by the Shiba Inu meme. Unlike Bitcoin, it has no coin limit and uses a proof-of-work algorithm.
Launched in August 2020 to rival Dogecoin, Shiba Inu (SHIB) operates on the Ethereum blockchain. Using a proof-of-stake algorithm, SHIB selects validators based on token quantity, not computing power.
Pepe Coin, inspired by the "Pepe the Frog" meme, is a recently introduced crypto with 420 trillion tokens. Over 90% are locked in liquidity pools, contributing to its market cap surge to nearly $2.78 Billion.
Floki Inu, a dog-themed meme coin, declares itself a "movement" inspired by Elon Musk's Shiba Inu. The community, known as "Floki Vikings," engages in an extensive ecosystem featuring "Valhalla," a metaverse game generating FLOKI tokens.
Bonk token, Solana's first dog-themed token, launched on December 25, 2022, triggering a 34% increase in SOL token value within 48 hours. Commencing trading on December 30, it garnered genuine interest from the crypto community.
Meme coins, a distinct crypto category, draw inspiration from internet memes and social trends.
Their value hinges on meme culture rather than intrinsic worth or a defined purpose.