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Dogecoin Imitators Explode As Traders Ride Crypto Meme Tidal Wave

Dogecoin Imitators Explode As Traders Ride Crypto Meme Tidal Wave


Dogecoin (DOGE) copycats are printing astronomical gains in the last 24 hours as traders embrace the crypto meme tidal wave.

Decentralized exchange (DEX) data analysis platform DEXTools reveals that the hottest coins traded on Uniswap at time of writing are Dogecoin imitators.

At the top of the list is Shiba Inu (SHIB), a coin that touts itself as a decentralized experiment. In the last 24 hours, SHIB surged over 92% from $0.00000186 to $0.000003623 while generating $187.77 million in trading volume. The coin is also on a massive tear as it is up 5,963% in the last 30 days, according to CoinGecko.

Another hot Uniswap altcoin is SNOGE which fans say is an homage to legendary rapper Snoop Dogg. The token, which was launched today, meteorically rose by as much as 14,566% from its opening price of $0.003 to a high of $0.44. The SNOGE/USD pair’s trading volume currently stands at $6.81 million, representing over 70% of its fully diluted market cap of $9.64 million. At time of writing, SNOGE is trading at $0.17.

The third coin that’s trending on Uniswap is Weed Doge (WOGE), a crypto asset born out of Dogecoin profits with the purpose of donating to charities that help people who serve jail time for crimes related to marijuana. WOGE is up over 2,900% in the last 24 hours from $0.00075 to $0.22 amid a daily trading volume of more than $25.96 million. Ethereum analytics platform Etherscan reveals that WOGE has 1,093 holders with 5,274 transfers.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/denisgo





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