Blockchain News

Inu Corner: Memecoin Roundup (Sept. 30)

A look at the weekly performance of our five top memecoin projects – Dogecoin, Shiba Inu, Baby Doge Coin, Floki, and Samoyedcoin.

Weekly Memecoin Roundup

Unlike last week's price declines, popular dog-themed memecoin platforms performed well in the crypto and Decentralized Finance (DeFi) market, with bullish price trends and notable activities.

As always, we strive to keep you updated with their progress in the industry. Here is how they performed from Sept. 23 to the time of writing:

The dogs crushed it this week.

Dogecoin ($DOGE)

$DOGE bounced back from its dip last week, with its market cap rising to $8.06 billion from $7.8 billion, sustaining its Alpha position on the memecoin rankings.

Like last week, the project team is busy preparing for its maiden Dogecoin Hackathon event in Australia on Nov. 15.

  • $DOGE went up by 5.87% in the past week. The token currently trades at $0.06082 and is up by 1.09% in the last 24 hours.

(Project metrics obtained from LunarCrush and CoinMarketCap.)

Shiba Inu ($SHIB)

$SHIB’s market cap grew from $5.8 billion to $6.25 billion. The utility-based memecoin also improved its ecosystem in the past week.

Here is how the protocol performed in the industry:

  • $SHIB increased by 7.05% last week. Presently, the token is valued at $0.0000112 and is up by 1.92% in 24 hours.
  • The protocol gave users updates about its GameFi product, Shiba Eternity, through a Twitter Spaces event on Sept. 23. Over 10,000 members from its large community of 3.5 million Twitter followers joined the discussion.
  • On Sept. 26, Shiba Inu teamed up with Italian fashion brand John Richmond to host an exclusive event, combining fashion with Web3. According to John Richmond's Twitter page, the event highlights, held in Milano, will be showcased in the coming days.

Baby Doge Coin ($BabyDoge)

The $BabyDoge memecoin with Non-Fungible Token (NFT) and Decentralized Exchange (DEX) utilities recovered to $137 million after its market cap had falledn to $134 million last week.

As expected, the popular memecoin made some significant moves on BNB Chain, including plans to launch its GameFi product:

  • $BabyDoge went up by 1.76% after last week's decline. The token is up by 2.94% in the last 24 hours and is trading at $0.000000001204.
  • Baby Doge's innovative 3D NFTs went live on Sept. 22.
  • To obtain them, users who own the memecoin's 2D NFTs must stake their collection for 90 days on Every 2D design has a corresponding 3D BabyDoge NFT.
  • After its native DEX--BabyDoge Swap--goes live on mainnet, the protocol will showcase its BabyDoge game.
  • According to the protocol's tweet on Sept. 23, Baby Doge will launch more than one game, with the first set to go live on testnet shortly:
  • Baby Doge Coin celebrated surpassing 1.6 million followers and holders on Twitter and will giveaway 1.6 trillion $BabyDoge to one lucky winner who completes the following tasks:

Floki ($FLOKI)

$FLOKI's market cap increased slightly from $71 million to $72 million. The memecoin with its FlokiFi solution and Valhalla GameFi continued developing last week:

  • FLOKI's weekly price increased by 1.57%. The token is currently up by 1.2% in the previous 24 hours, valued at $0.00000779.
  • On Sept. 26, the protocol's petition to list on Binance reached 28,500 names. The memecoin seeks 35,000 signatures to list on the industry-leading exchange platform.
  • The Floki cross-chain bridge powered by multichain is now live. Users can securely bridge their $FLOKI tokens from the Ethereum network to BNB Chain, and vice versa.
  • The protocol published a YouTube video to educate users on utilizing the Floki Bridge.
  • Floki's latest Twitter Spaces about its ecosystem was held on Sept. 28. You can play the recording below:
  • Following its plans to list on multiple exchanges, $FLOKI gained a listing on BlueBit, a multi-asset centralized exchange. Users can now trade FLOKI/USDT on the exchange.
  • Certik has now activated Skynet for FlokiFi ahead of a complete audit.

Samoyedcoin ($SAMO)

Unlike the other four memecoins in our roundup, $SAMO dropped in market capitalization from $29 million to $28 million in the past week. However, the Solana-based platform is gearing up for an exciting innovation:

  • $SAMO went down by 0.98% over seven days. The token is trading at $0.007916 and is up by 1.68% in the last 24 hours.
  • Samoyedcoin is anticipating an upcoming DEX product from Monaco Protocol, an open-source infrastructure for decentralized prediction markets.
  • The DEX, BetDEX, will be the first product on Monaco, powering sports betting on Solana. When the DEX beta goes live, members of the Samoyedcoin community will build a product on Monaco.
  • The memecoin is anticipating the BetDEX launch so the community can deploy its new product.

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