As speculation builds around Donald Trump’s potential creation of the Department of Government Efficiency (D.O.G.E.), investors are on the hunt for the next big Dogecoin rival to buy. Social media has been flooded with “D.O.G.E.” and “DOGE” mentions, driving a surge in Dogecoin’s popularity. The coin’s price has jumped 10% in the last 24 hours, now trading at $0.1332. While Dogecoin enjoys renewed attention, savvy investors are looking at other cryptocurrencies that could be strong contenders. In this article, we highlight four Dogecoin rivals that you should consider adding to your portfolio.
4 Dogecoin Rivals To Watch Before D.O.G.E Launches
Data from Santiment shows that Dogecoin is currently dominating social spaces after Elon Musk increased his mentions of the Department of Government Efficiency (D.O.G.E.) on X.
However, several other altcoins are worth considering for investors. Here are four Dogecoin rivals to watch.
1. Shiba Inu (SHIB): Dogecoin-killer
Shiba Inu, often dubbed the “Dogecoin killer,” has gained significant traction in the crypto community. With its strong community support and various use cases, SHIB has positioned itself as a formidable competitor to DOGE.
Features such as ShibaSwap, Shibarium, and the upcoming Shiba Inu DAO have contributed greatly to boosting its appeal.
SHIB price has increased by 4.5% in the last 24 hours to trade at $0.00001872. Price action shows SHIB is headed for higher highs as it approaches a potential breakout level.
2. FLOKI (FLOKI): Dog-based Crypto
Named after Elon Musk’s pet dog, FLOKI has captured the imagination of meme coin enthusiasts. The coin has grown substantially, driven by its active community and strategic marketing campaigns. FLOKI’s partnerships and charitable initiatives have also contributed to its rising popularity.
FLOKI price has risen 6.9% in the last 24 hours and is currently trading at $0.0001514. DOGE profits are already trickling into this altcoin, making it one of the most formidable Dogecoin rivals.
3. Pepe (PEPE): Frog-based Crypto
Pepe is another altcoin that has garnered attention for its unique branding and community-driven approach. The coin’s developers have focused on creating a fun and engaging ecosystem, which has resonated with investors looking for the next big thing in the crypto meme space.
PEPE price today hovered around $0.00001042 during New York trading hours, a 3% increase in the last 24 hours. PEPE tests the $0.00001050 resistance level, and a breakout above it could result in a rise of $0.000012 and $0.000022 resistance levels.
4. Sui (SUI): Solana-killer
Sui is not a meme coin, but it stands out for its innovative approach to decentralized finance (DeFi). It offers tangible utility through its AI-powered DeFi features. The coin’s potential for high returns and its growing ecosystem make it an attractive option for investors seeking diversification.
The reason for adding Sui to this list is that meme cryptocurrencies on the Sui ecosystem have been gaining traction lately as a growing chain. Profits from DOGE could flow into those tokens, resulting in SUI price pumping.
Currently, SUI is trading at $2.07, up 0.3% in the last 24 hours. The asset is near its all-time high and has retraced a little as early buyers book profits. The current prices could make good entry points if SUI launches into the price discovery zone.
Buy These DOGE Rivals
The excitement around the potential creation of the Department of Government Efficiency (D.O.G.E.) is palpable and evident in the Dogecoin price action. However, as DOGE rises, it may be a great time to invest in Dogecoin rivals such as Shiba Inu, Floki Inu, PEPE, and SUI, which have the potential to siphon the DOGE volume.
Frequently Asked Questions (FAQs)
The D.O.G.E. initiative, possibly backed by Elon Musk and Donald Trump, has fueled a surge in Dogecoin mentions, sparking investor interest and potential price gains in DOGE and rival meme coins.
Given the rising interest in the potential D.O.G.E. initiative and the associated social volume for Dogecoin, now may be a favorable time to explore Dogecoin rivals. Shiba Inu, FLOKI, Pepe, and Sui all have the potential for significant price appreciation.
Shiba Inu has earned the nickname “Dogecoin killer” due to its rapid rise in popularity and its potential to rival Dogecoin’s market dominance.
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Evans Karanja
Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/4-dogecoin-rivals-to-buy-ahead-of-musk-trumps-d-o-g-e-initiative/
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