The memecoin craze kicked off by DOGE and SHIB has shown no signs of slowing down. However, following issues with the PEPE development team, there is an opening for a new memecoin to take the crown. A horde of animal-themed projects have flooded the market, hoping to become the next viral sensation.
Two of the latest players showing promise are XShiba Inu (XSHIB) and BabyShib (BABYSHIB). XSHIB is built on the XEN ecosystem and features 2,000 unique NFTs that can be staked to mine XSHIB tokens. Inspired by Bitcoin halvings, XSHIB mining rewards are cut in half every 365 days until the total supply of 2.5M is reached.
Meanwhile, BABYSHIB is drawing comparisons to BabyDoge after being shilled by crypto influencer TraderNJ. With a low market cap and growing social media buzz, it seems poised for a Floki-style breakout. TraderNJ pointed to the BABYSHIB chart showing a solid entry point and believes “low cap games continue.”
Source: CoinStats – Start using it today
The live Baby Shiba Inu price today is $0.016854 USD with a 24-hour trading volume of $1,860,602 USD, according to CoinMarketCap. The current circulating supply is not available and max supply is 420,000,000 BABYSHIB.
The live XShiba Inu price today is $0.000008 USD with a 24-hour trading volume of $6,342,580 USD. The current circulating supply is not available and max supply is 10,000,000,000 XSHIBA.
Part of the appeal of both XSHIB and BABYSHIB is their integration of proven crypto models like mining rewards and scarcity. By combining these features with meme-worthy brands, they hope to capture the magic of their predecessors. However, potential investors should still exercise caution and conduct thorough research before buying any untested memecoin.
Examining the teams, tokenomics, and roadmaps for these projects can provide more insight into their potential and longevity. Transparency and active community engagement from developers are positive signs. There are never any guarantees in crypto, but informed decisions can increase the odds of success.
While gambles on microcap tokens can pay off big, they are also high-risk. The crypto space moves rapidly, and today’s hot new memecoin can quickly fade into obscurity. DOGE and SHIB have shown memecoin potential, but capturing sustainable value takes more than just memes. Only time will tell if XSHIB, BABYSHIB or another contender can step up to challenge their dominance.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com