Dogecoin craze" dominates the currency circle! Are

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Why does “Dogecoin” dominate the currency circle? Unpacking the meme culture behind it

In the crypto world, meme coins have a place because they represent a special kind of community spirit and cultural identity.

Meme coins usually appear with humorous and light-hearted images, and successful meme coins not only bring laughter to the community, but also demonstrate a strong influence.

The top three meme coins are all dogs! "Shiba Inu" is the most popular

According to Coinmarketcap data, the current ranking of the top ten meme coins in terms of traffic, except for $PEPE and $MEME tokens, are all dog-type meme coins. The reason is simple. Players in the currency circle like “Dogecoin” very much, and the most popular type of dog is “Shiba Inu”.

Players in the currency circle like “Dogecoin” very much, and the most popular type of dog is “Shiba Inu”.

The top three meme coins are all dog coins with the image of "Shiba Inu".

The first place is "$DOGE", known as Musk's concept coin; the second place is "$SHIB" which has an annual increase of 3 million times; the third place is "$BONK", the dogecoin on Solana.

On Coinmarketcap, the top ten meme currency traffic rankings.

Last year (2023), Solana soared from US$8 to US$120, and its ecosystem also experienced explosive growth. In this wave of trends, the “dog”-themed meme coin $BONK has led to a wave of “Dogecoin craze”, prompting the birth of more new Dogecoins and setting off a wave of Solana Dogecoin trends.

This article will introduce the four most high-profile “Dogecoins” on Solana. Each Dogecoin has its own unique charm and loyal fans, representing its own community spirit and vitality.

Dogecoin 1: More than just the “$BONK” of meme coins

On Christmas Eve 2022, $BONK was born.

At first, $BONK was a Christmas airdrop for the Solana community. Later, $BONK became very popular due to its extremely high adoption rate.

For the Solana community, the emergence of $BONK was like a fire in the cold winter, easing the shadow of the FTX collapse at that time. Subsequently, $BONK quickly became a community token symbolizing the spirit of Solana.

At first, $BONK was a Christmas airdrop for the Solana community. Later, $BONK became very popular due to its extremely high adoption rate.

It is worth mentioning that thanks to the soaring price of $BONK coins at the end of last year, the originally unsalable Solana mobile phone has become a hot product that is hard to find because the phone contains $BONK tokens that exceed the value of the phone itself.

$BONK is not just a meme coin. The team behind it has also launched many decentralized applications (Dapps), such as the decentralized exchange "BONKSWAP", the trading robot "BONKBOT" in Telegram, and a wallet that can Tool "PooperScooper" for converting unwanted coins into BONK tokens, etc.

Dogecoin 2: “$MYRO” pays tribute to the founder of Solana

In the context of the approval of the Bitcoin spot ETF, market currency prices generally fell, but the dog meme coin named "$MYRO" bucked the trend and rose without being affected by the broader market. According to Coingecko data, it has increased by as much as 485% in the past 14 years, and the price is currently sitting at $0.14.

The "$MYRO" token pays tribute to Solana's co-founder Raj Gokal, so it is named after Raj's dog image and name, symbolizing Raj's contribution to the Solana ecosystem.

The team at $MYRO firmly believes that Solana’s technology has the power to change the world and is committed to realizing this vision. Their main goal is to provide an easy onboarding platform to help beginners easily explore the Solana ecosystem, and the vast world of cryptocurrency.

The top priority of the $MYR team is to provide a service platform for cryptocurrency novices to easily explore the Solana ecosystem and the crypto world. According to the official website information, they will soon launch the “Myro Staking” staking service, and the team also plans to launch more innovative tools to meet the needs of users.

Dogecoin 3: “$WIF” that is popular on the X page

Recently, the most successful meme coin is "$WIF (Dogwifhat)". It is a cute Shiba Inu wearing a hat. It became popular at the end of last year and is still popular on X's dynamic wall.

“$WIF” made its debut during Thanksgiving last year, when its value surged nearly 1,000% in less than a month. Recently taking over the rise of "$MYRO", $WIF has increased by as much as 383% in the past seven days, becoming one of the few currencies in the market that has bucked the trend.

"$WIF" is a Kebab wearing a hat. It became popular at the end of last year and is still popular on X's dynamic wall.

Unlike meme coins such as "$BONK" and "$MYRO" which have specific practical applications, "$WIF" prides itself on pure comedy, prank elements and entertainment value. It has no clear function, but it’s this pure meme spirit that drives the crypto community crazy.

Members of the community said that every time they see this Shiba Inu wearing a hat, they can't help but smile. Even those friends who are not in the currency circle are still in love with "$WIF" and believe that $WIF is the most potential meme to break out of the circle.

Dogecoin Four: Solana Ecosystem’s OG Dog Ambassador “$SAMO”

Since the rise of Solana in 2021, $SAMO has appeared as the "OG dog ambassador" in the Solana ecosystem, with the goal of increasing the cohesion of the Solana community.

According to the official website information, $SAMO initially started as a simple meme and has successfully transformed into an experimental Web3 community token. $SAMO not only carries the spirit of memes, but also shoulders the responsibility of educating and promoting the advantages of Solana and cryptocurrency.

Recently, the $SAMO team launched an airdrop platform specially designed for “Solana Saga Mobile” holders. This move not only provides Saga mobile users with airdrop rewards of $SAMO tokens, but also builds a platform for other projects willing to airdrop to this group of mobile users, further benefiting the vast Solana community.

Are you a dog person? Among these three dogecoins, which one do you like best?

Among these three dogecoins, which one do you like best?

Review editor: Gao Jingyuan

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