Now that Kraken, the U.S. exchange, has finally listed
Shiba Inu (SHIB), the cryptocurrency also appears with a growing number of
transactions on Coinbase, Gemini, and Crypto.com.
Shiba Inu continues to perform very well in 2022 and is
on several major centralized exchanges, but besides SHIB, what other meme
cryptocurrencies could be next in line for a major CEX presence?
Here's a look at some of the possible command-line successors to SHIB.
Magic Internet
Money
Magic Internet Money is an unusual case study among all
existing coins, as it is both a meme cryptocurrency and stablecoin project all
in one that also has several names, making it somewhat confusing at first
glance. Whether you call it "Abracadabra Money" or "Magic
Internet Money (MIM)" or instead refer to it by the associated "Spell
Token (SPELL)", the project is the same.
MIM presents itself as a magic spell book that allows
users to create "Magic Internet Money (MIM)" using only collateral in
the form of interest-bearing crypto assets, such as yvYFI, yvUSDT, yvUSDC, and
xSUSHI. Then, MIM can be exchanged for other stablecoins if necessary.
While Dogecoin enjoys a market cap of over $29 billion
and Shiba Inu over $28 billion, Magic Internet Money's (MIM) market cap is more
modest at just $3.4 billion, capped at $1 billion. Even so, it is still well
ahead of other meme cryptocurrencies, which shows how far Dogecoin and SHIB are
from the rest that, so far, continue to be unstoppable.
Dogelon Mars
Of the many coins that incorporate some reference to Elon
Musk, Dogelon Mars (ELON) is the clear favorite. It has also already been
listed on several centralized exchanges, including Crypto.com, OKEx, and
KuCoin.
With a capitalization of $941 million, Dogelon Mars
proves that meme cryptocurrencies don't need to be in the billion-dollar club
to be listed on a centralized exchange. However, some exchanges are harder to
crack than others, so while Dogelon is already making early and on top of that,
good progress, it may still have a long way to go before it can join Shiba Inu
in the likes of Kraken.
Baby Doge
The meme cryptocurrencies seem to be doing very well on
Binance Smart Chain, which is where Baby DogeCoin (BABYDOGE) has made "his
kennel." However, the little terrier hasn't been content to remain solely
tied to BSC and has recently branched out to Ethereum (ETH).
In addition to its super cheesy appearance, Baby DogeCoin
is best known for its dedicated community of advocates, which lends some
credibility to its claim of being the "world's best community
cryptocurrency." Incidentally, on several occasions, Baby DogeCoin has
been trending on both Twitter and CoinGecko and has recently surpassed 1
million holders which is not anything, to tell the truth.
This may interest you: Which Crypto will be the next 1000X after March 2022?
Floki Inu
Floki Inu is another Dogcoin based on Binance Smart
Chain. While Shiba Inu calls himself the "Dogecoin killer," Floki Inu
(FLOKI) has taken a more humble route in his quest for wider adoption,
presenting himself as the underdog in the Dogcoin wars.
Despite his status as a self-proclaimed underdog, Floki
Inu is managing to mount one of the most aggressive marketing campaigns at the
moment. A recent campaign on the London Underground resulted in follow-up press
coverage across the UK. The project has also secured TV spots on CNN, CNBC,
ESPN, Fox News, Fox Business, MSNBC, Discovery, which will surely be extended
over the next few months.
Floki Inu is now working on "Valhalla," a 3D
gaming environment that will attempt to leverage the virality of GameFi and
metaverse trends. While the success of such an ambitious venture is by no means
certain, it does make the battle for meme cryptocurrency supremacy worth
watching.
While it is impossible to know with certainty which coin
will follow in SHIB's footsteps, because if it were that easy to do so, we
would all be billionaires, what is possible, is to think about making small
investments in these cryptocurrencies that promise to have a good future.
You never know if one of these days, someone like ElonMusk decides to open his mouth and make some mention about any of the options
we have presented in this article. If that were to happen, and if luckily some
of us had a few dollars invested in these coins, success would be guaranteed.
What do you think of this selection of coins, do you know
of others that promise to have a good future? If so, do not hesitate to write
it in the comments box. It will be of great help to everyone.
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