CoinWire reports:
The popular AI chatbot ChatGPT highlights six potential “next Shiba Inu” alternative coins, including FLOKI, KISHU, ELON, and SAITAMA.
Shiba Inu made headlines with one of the most significant rebounds during the 2020/2021 bull market cycle, leaving many investors in awe. Reports confirm its price surged over 45,000,000% from August 2020 to October 2021, hitting a historic high of $0.00008845.
Shiba Inu’s staggering rise overnight turned many investors into millionaires. Consequently, market participants who missed the rebound have been keenly focused on finding the next potential Shiba Inu.
Hunting for the next Shiba Inu
Given the plethora of tokens in the market, identifying the next Shiba Inu can be challenging. CoinGecko data shows at least 5,300 tokens deployed daily, with over 540,000 tokens launched as of April 2024.
Most of these tokens are meme coins, with some cleverly incorporating “Inu” in their names, part of a broader trend stemming from Shiba Inu. However, there’s no guarantee they will replicate SHIB’s 2021 success story.
ChatGPT spotlights top 6 contenders to become the next Shiba Inu
Amidst ongoing investor searches, ChatGPT’s services were used to seek potential answers. According to the popular AI chatbot, identifying the next Shiba Inu involves tokens with rapid growth potential, vibrant communities, and real-world use cases.
Interestingly, ChatGPT emphasizes six alternative coins as potential competitors to become the next Shiba Inu.
Floki (FLOKI)
Leading the pack is Floki (FLOKI), named after Elon Musk’s Shiba Inu Floki meme. Created in July 2021, it aims to blend real-world utility with meme coin appeal. Thanks to proactive marketing and burning activities, FLOKI has garnered significant popularity in the industry, establishing a vibrant community on social media.
As of the latest update, FLOKI trades at $0.0001477, down 11.3% daily. It has decreased by 57.67% from its ATH of $0.0003462 recorded on June 5, 2024. FLOKI ranks as the 55th largest token with a valuation of $1.44 billion.
Kishu Inu (KISHU)
Second on the list of contenders to be the next Shiba Inu is Kishu Inu (KISHU). Launched on April 17, 2021, it’s a meme-inspired token aiming to build a decentralized ecosystem featuring NFTs and decentralized exchanges. ChatGPT notes similarities in community engagement and marketing strategies compared to Shiba Inu.
Currently trading at $0.0000000003743, KISHU has fallen by 5.08%. It has plummeted 98.14% from its ATH of $0.00000002 on March 14, 2021. With a valuation of $34.62 million, it ranks 618th among meme coins.
Safemoon (SAFEMOON)
ChatGPT lists Safemoon as the third asset capable of replicating Shiba Inu’s 2021 feat. Launched in March 2021, SAFEMOON has gained significant attention in the cryptocurrency realm due to its unique tokenomics, including burn mechanisms, static rewards, and automatic LP acquisition.
Similar to Shiba Inu, SAFEMOON boasts a vibrant community continually driving adoption. Its current trading price is $0.00003005, down 1% in the past day. SAFEMOON holds a market cap of $16.73 million, ranking as the 1030th largest token. Its ATH of $0.003833 on June 5, 2022, has since plummeted by 99.1%.
Dogelon Mars (ELON)
Inspired by Dogecoin and Elon Musk, Dogelon Mars (ELON) launched on April 23, 2021. It focuses on community-driven initiatives and space-themed marketing. ELON has gained popularity due to its energetic community support and meme coin appeal.
Ranked as the 406th largest cryptocurrency, ELON has a market cap of $77.37 million and a token price of $0.0000001408. It has fallen by 99.57% from its ATH of $0.00003263 on July 31, 2021.
EverGrow Coin (EGC)
EverGrow Coin (EGC), launched in September 2021, is a deflationary token designed to provide passive income to holders through transaction fees and burning mechanisms. EGC focuses on rewarding holders and developing a sustainable ecosystem.
Trading at $0.00000007575, EGC has dropped by 5.79% on the daily chart. It has decreased by 97.76% from its ATH of $0.000003379 on March 14, 2021. EGC ranks as the 4529th largest cryptocurrency with a valuation of $35.34 million.
Saitama Inu (Saitama)
Rounding out the list of contenders for the next Shiba Inu is Saitama Inu (Saitama). Trading began on May 30, 2021, evolving over the years into Saitachain Coin.
The ecosystem team behind the token focuses on providing financial services for everyone, particularly the unbanked and underbanked. Its emphasis lies in building a transparent and community-driven ecosystem using educational resources.
SAITAMA currently trades at $0.0009465 per token, down 4.51% in the last 24 hours. The token holds a market cap of $40.11 million, ranking 573rd on CoinMarketCap.
Meanwhile, ChatGPT encourages investors to conduct due diligence before investing in any of the aforementioned tokens. This is due to their high volatility and substantial risks, similar to most meme coins. There’s no guarantee that any of them will make significant strides in the future.
