Shiba

Dogecoin

Shiba Inu

Coin

<ul class="wp-block-list news-points"> 
 <li><strong>Murad argues that Dogecoin’s continued inflationary supply and fading cultural relevance leave it vulnerable to a new meme coin challenger.</strong></li> 
 <li><strong>Dogecoin and Shiba Inu now hold only 57% of the meme coin market cap, with hundreds of low-cap tokens vying for dominance.</strong></li> 
 <li><strong>Justin Sun’s SunPump platform has facilitated over 18,000 meme coin creations since August, aiming to make Tron a meme coin powerhouse.</strong></li> 
</ul> 
<p>A crypto analyst has dropped a bombshell, claiming <a href="https://coinedition.com/dogecoins-dominance-fades-as-other-meme-coins-surge/">Dogecoin’s dominance</a> as the king of meme coins is numbered. In a post on X, the expert boldly stated, “The biggest trick they played on you is to convince you that DOGE cannot be flipped.”</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The biggest trick they played on you is to convince you that DOGE cannot be flipped</p>— Murad (@MustStopMurad) <a href="https://twitter.com/MustStopMurad/status/1826631192663425138?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 22, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>While he acknowledged that Dogecoin has undoubtedly made rapid strides, reaching a market capitalization of over $90 billion, the expert argues that the meme coin’s continued inflationary supply and fading cultural relevance could weaken its dominant status. He firmly believes that a fresh meme coin could potentially eclipse Dogecoin’s market cap in the current cycle.</p> 
<p>The expert has previously<a href="https://x.com/MustStopMurad/status/1826760276349518110" target="_blank" rel="nofollow"> identif…</a></p>
<p>The post <a href="https://coinedition.com/analyst-dogecoins-reign-as-meme-coin-king-is-ending/">Analyst: Dogecoin’s Reign as Meme Coin King is Ending</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Analyst: Dogecoin’s Reign as Meme Coin King is Ending

Coin Edition

Other articles published on Aug 23, 2024

Bitcoin (BTC) to Hit $115-$120K: Economist Henrik Zeberg

Pepe Unchained Raises A Record $10M In Presale, Only 1 Day Left To Lock In Lowest Price

Binance Labs Invests in Four BNB Chain Projects

Shiba Shootout presale soars past $1m, poised to be the next huge memecoin

Unlock 100x Gains in Upcoming Bullish Market: 3 Altcoins Analysts Suggest To Diversify Your Portf...

Former TON Foundation Leaders Introduce $40M Fund TON Blockchain Growth

Join our free newsletter for daily crypto updates!