If you would have invested $1 into Shiba Inu at the very beginning, today, you’d be sitting on millions of dollars. Yes, you heard that right! Shiba Inu has been one of the biggest success stories in the crypto world, and many investors have reaped the rewards.
And the good news is, there are still opportunities out there for those looking to invest in the next big thing. In today's video, we're going to be talking about three up-and-coming crypto projects that have the potential to follow in the footsteps of Shiba Inu and explode in popularity. But, before we dive in, it's important to remember that the crypto market is inherently volatile and investing in any crypto project is risky. So, please do your own research and only invest what you can afford to lose. With that out of the way, let's get into it! These three projects are creating some buzz in the crypto community and have the potential to be the next Shiba Inu.
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Now, let's get started.
The first project that we believe could be the next Shiba Inu is Floki Inu.
Floki Inu is a meme-based cryptocurrency created as a fork of Shiba Inu in August 2020. The project aims to become the “most meme crypto-asset”. FLOKI is an ERC-20 token built on the Ethereum blockchain.
FLOKI tokens are used to reward users for participating in the Floki ecosystem. For example, users can earn FLOKI by creating or curating memes, posting them on social media, or participating in governance activities such as voting on proposals or staking coins on the network.
Floki Inu is working on three flagship utility projects to help drive mainstream adoption of blockchain technology and cryptocurrency.
The first project is Valhalla, an NFT gaming metaverse that allows users to create, trade, and interact with digital assets in a fun and immersive environment.
The second project is FlokiPlaces, an NFT and merchandise marketplace that will allow users to buy, sell, or exchange goods and services using cryptocurrency.
Finally, the third project is Floki University, a content and educational platform that will provide users with the resources they need to learn about blockchain technology and cryptocurrency.
The Floki Inu team has a long-term vision of creating an autonomous and decentralized ecosystem. This ecosystem would include strategic partnerships, the utility of the token itself, and development use cases for the Floki Inu brand. One way they plan to build this is through NFTs, games, and decentralized finance features. Setting themselves apart from other meme coins, Floki Inu wants to be known for more than just their memes but also their utility.
If people begin using FIAT currency less because so many options with cryptocurrencies offer more utility, it could lead to adoption that is even more widespread.
FLOKI holders can earn rewards for holding tokens. On the BSC and ETH blockchains, users can earn a 4% reward whenever anyone swaps tokens on a crypto exchange. FLOKI is a hyper-deflationary token, meaning that rewards for Floki holders rise with the increase in the size of the burn wallet.
Unlike other meme coins, FLOKI has real-world usage. The project's partnership with CryptoCart (CC) allows FLOKI holders to purchase items at 1,500+ stores.
Floki's current strong performance comes after the burn proposal from the DAO, which controls the project. The proposal calls for removing 4.970 trillion outstanding tokens, equivalent to $55 million and more than half of the outstanding offering. Added to this is a 0.3% reduction in transaction fees.
If the proposal is approved, the amount of Floki Inu's tokens outstanding will be cut in half, which should theoretically have a positive effect on its price.  It’ll be interesting to see how this all plays out in the coming years.
And the next project is Dogechain.
Dogechain is a Proof-of-Stake blockchain built on Polygon Edge, a framework for developing EVM-compatible blockchains that support NFTs, tokens, and DApps. It allows interaction with the Doge network and porting over of Dogecoin for these activities. It is not an expansion of the Dogecoin project, built on the Dogecoin network, nor created by the Doge foundation or original founders. Instead, it creates utility for DOGE by giving holders access to advanced functionality using wrapped Doge ($wDOGE), which acts as the gas for the chain. To use Dogechain, DOGE must be bridged to the chain, and holders receive $wDOGE at a 1:1 ratio. Dogechain also has a native token $DC for staking and governance. The project focuses on onboarding developers, with DeFi, NFTs, and other verticals reportedly in development. $DC is being distributed to $wDOGE holders for 12 months and then airdropped intermittently over 48 months.
Investing in Dogechain may be appealing to those who believe in the potential for growth in the Dogecoin community and the emerging Web3 ecosystem. Dogechain enables the use of Dogecoin for advanced functions such as minting NFTs, creating tokens, and hosting decentralized applications, providing new opportunities for the $DOGE community. Additionally, Dogechain operates on a fast and scalable Proof-of-Stake blockchain built on Polygon Edge, an EVM-compatible framework, and its native token, $DC, offers staking and governance benefits. And that's why you should keep this project on your radar.
And the last one is going to be PulseDegecoin.
Like so many other meme coins, Hundreds of Billions, Trillions, or even Quadrillions of coins are minted continuously into circulation!
For example; Dogecoin literally mints 10,000 per minute indefinitely. Dogecoin holders should be outraged by this because it requires an enormous amount of buy pressure to come in just to maintain miner sell pressure. Minting so many worthless coins is a Tactic used to Mislead people who Cannot Afford very much into thinking they are going to get Rich because they buy and hold Millions and Millions of coins.
That's where PulseDoge comes in. PulseDogecoin aims to Redefine the Value and Scarcity of Meme Coins Entirely.  Holding PulseDogecoin (PLSD) puts you among the most respected crypto users in the World!  The goal of PulseDogecoin is to become the most valuable Meme Coin in all of Crypto allowing it to become the New Leader of the Meme Coin Narrative. PulseDogecoin is Unique in that the people who received the Opportunity to Claim the Airdrop were probably the best crypto holders in the world: HEX.COM Stakers!
With an ever-shrinking Maximum supply on Ethereum (and a future copy on PulseChain), this is the most Scarce Meme Coin to hold Ever in the History of  Crypto!
PulseDogecoin's price has gone as high as $10.53 (which is PLSD's all-time high). It achieved this price about 2 months ago. Speculations abound for how high PulseDogecoin's price will get in the future.
PLSD tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade PulseDogecoin is Uniswap (v3).
Moreover, adding PulseDogecoin (PLSD) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import PLSD as a token. You can copy PLSD’s contract address from their website, and import it manually, or add PLSD to MetaMask with one click on CoinGecko.
Now, do you think these projects can perform like Shiba Inu? As always, share your thoughts and opinions in the comments section below.
And if you have any questions or concerns, leave them in the comment section below and we will come back with another video.