Dogecoin’s ($DOGE) meteoric rise proved that any cryptocurrency project can succeed in the short-term, given enough name recognition and investor demand.
SHIBA INU ($SHIB), a blatant riff on Dogecoin’s brand, has since surpassed its progenitor -- The success of $SHIB proved 2 things:
Dogecoin wasn’t a unique phenomenon
People really like investing in dog money
$SHIB And $DOGE have given rise to untold hundreds of dog-themed blockchain tokens, and now the race is on to find the next one destined to reach the moon…How about Mars? Dogelon Mars ($ELON) is the going favorite for “next doggie-coin to do 50x”
ELON's massive market cap (~$1B) makes it the 3rd largest meme coin overall. Furthermore, investor hype is surging, with underlying chatter trending +700% higher than the prior month on a 7-day moving average.