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Shiba Inu Is Failing to Follow Dogecoin’s Uptrend: Which Meme Coins Can Outperform SHIB?

11/12/2022
Bitcoin Ethereum News

Place/Date: – November 11th, 2022 at 12:26 pm UTC · 4 min read
Source: Tora Inu

Photo: Tora Inu

Dogecoin has rallied 80.1% in the last seven days, cashing in on the meme coin mania triggered by Elon Musk’s acquisition of Twitter. While top meme coins have followed suit with impressive upticks, SHIB has failed investors again. The ‘Dogecoin killer’ managed to climb only 11.8% on the weekly chart.

Investors are leaving Shiba Inu for more promising projects with better market relevance and growth potential. Listed below are the top four meme coins that are predicted to outperform Shiba Inu in the coming months.

Tora Inu (TORA)

Tora Inu, widely speculated as the next 100X token, has been trending on social media platforms for the last few weeks. The ongoing $TORA presale is heading to an early sell-out, having witnessed an unprecedented flow of investors in recent times. The Tora Inu whitepaper that details the play-to-earn business model, combining metaverse and meme coin concepts, justifies the hype.

The long-term vision of Tora Inu is to build an engaging play-to-earn ecosystem that will be accessible to both crypto and non-crypto users. It plans to launch a core skill-based play-to-earn game, additional mini-games with NFT integrations, lottery mini-games, and an NFT marketplace to realize this goal.

To lower the entry barrier to the blockchain gaming industry, Tora Inu’s play-to-earn ecosystem is designed to reward skills rather than capital. In essence, the platform will reward users for their gaming performance and engagement instead of how much they spend on in-game NFTs and tokens. The approach will help Tora Inu nurture sustainable growth through a loyal community of gamers.

Other key factors that work in the platform’s favor are its deflationary tokenomics and native staking mechanism, which consistently boosts returns for long-term investors. The token has also undergone a security audit and team verification to establish its credibility.

The ongoing presale offers the most profitable entry to the project for both investors and gamers, which explains its move towards an early sell-out. The compelling giveaway worth $25,000 for presale participants also accelerates the trend.

Join Tora Inu on Twitter and Telegram for the latest updates about the project.

Floki Inu (FLOKI)

Floki Inu occupies the second place on the list – and for obvious reasons. The token has climbed 55.3% in the last seven days, taking advantage of the market’s revived interest in meme coins. But there is more to the Floki rally than what meets the eye.

Floki Inu 7-D price chart, 3 Nov 2022. Photo: CoinMarketCap

Floki Inu’s updated roadmap has instilled confidence in the community. The most exciting products include an NFT gaming metaverse, an NFT and merchandise marketplace, and an educational platform. If the roadmap unfolds as planned, Floki Inu has the potential to recover much of its value, which is currently 96% down from an all-time high.

Dogelon Mars (ELON)

Dogelon Mars is a dog-themed meme coin that taps into the brand recognition of both Dogecoin and Elon Musk. Although the token doesn’t have many ingrained utilities, it makes a great speculative investment this year. The rumored payment integration of meme coins into Twitter along with other companies that follow in the footsteps fuel the buying demand.

Dogelon Mars is one of the best shitcoins to buy in 2022.

Tamadoge (TAMA)

Tamadoge is another meme coin that has the potential to outdo SHIB. The platform’s new meme coin business model, focusing on fuelling engagement as much as generating value, gives it a unique position in the market.

Tamadoge 7-D price chart, 3 Nov 2022. Photo: CoinMarketCap

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Source: https://www.coinspeaker.com/shiba-inu-failing-follow-dogecoin-uptrend/