Shiba Inu and Dogecoin are two of the most popular meme coins released in 2021. This explains their multi-billion-dollar value, with Dogecoin’s market capitalization being over $11 billion and Shiba Inu’s value exceeding $4.9 billion.
However, this year, SHIB prices have barely changed, while Dogecoin’s rise has been less than 10 percent. This is due to the fact that the man who famously increased Dogecoin’s value in 2021, Elon Musk, is now on the sidelines.
The investors are now focusing on other crypto currencies, like Bonk, Pepe and other meme tokens, all of which are worth more than $1 billion.
The launch of the new Shibarium website has done little to boost Shiba Inu’s ecosystem. On the other hand, the value of Bonk has risen by more than 2,100% since its YTD lowest.
Shiba Memu is a new crypto token, which combines meme coins with artificial intelligence (AI) to be used in viral marketing campaigns. The developers raised $4.6 million for it in the past few weeks.
However, all financial assets carry certain risks, so investors should implement quality risk management strategies and invest only a portion of their overall portfolio into it.
This article provides more information about Shiba Inu, Dogecoin, Bonk, Pepe and other meme tokens.
