Inu Corner: Memecoin Roundup (Sept. 23)

How did our five top memecoin projects — Dogecoin, Shiba Inu, Baby Doge Coin, Floki, and Samoyedcoin — fare during a bearish week for crypto?

Weekly Memecoin Performance

Amidst the overall bearish market, some of the top dog-themed memecoin projects improved their utilities for users in the Decentralized Finance (DeFi) space.

Let’s take a look at our top five memecoin protocols and examine their progress from Sept. 16 to date:

Weekly Memecoin performance
Weekly Memecoin Performance

Dogecoin ($DOGE)

Dogecoin maintained its position as the number one memecoin by market capitalization, which remained unchanged from last week’s report at $7.8 billion.

During a week of slowed activity, $DOGE’s social engagement growth rate dropped drastically from 1.02 billion to 576.59 million.

(Project metrics sourced from LunarCrush and TradingView.)

The price of $DOGE went down by 2.80% in the last seven days. The token is trading at $0.05904 and is up by 0.72% in the last 24 hours.

The Dogecoin community is gearing up for the upcoming Dogecoin Hackathon: Dogeathon event in Australia beginning Nov. 15.

Shiba Inu ($SHIB)

The Shiba Inu token experienced a significant decline in market capitalization this week, dropping from $6.3 billion to $5.8 billion. However, the protocol continues to expand its ecosystem filled with Non-Fungible Token (NFT)Decentralized Exchange (DEX), metaverse, and GameFi utilities.

Here are the notable highlights from the memecoin project:

Like its market cap, the price of $SHIB fell by 11.27% in the past week. However, the platform’s social engagement rate increased by over 3%, from 342.88 to 353.64.

$SHIB is currently trading at $0.0000107, with a slight increase of 1% in the last 24 hours.

The Shiba Inu card game, SHIBA Eternity, went live on Sept. 17 for users based in Australia.

The game will be available on both Apple Store and Google Play Store.

Further, the protocol will host a Twitter space to reveal more information about the GameFi product. See the tweet below for more details:

Baby Doge Coin ($BabyDoge)

The market cap of $BabyDoge fell from $137 million to $134 million. The popular memecoin with NFT and DEX utilities made significant progress in its development on BNB Chain:

The price of $BabyDoge dropped by 4.05% in the last seven days. The token is currently up by 1.64% in the previous 24 hours, valued at 0.000000001174.

Following the testnet launch of its native DEX, Baby Doge Swap, the memecoin platform announced an Oct. 5 mainnet launch.

According to the tweet, Baby Doge Swap will go live on mainnet on Oct. 5.

Floki ($Floki)

Floki is always buzzing, particularly with its GameFi product, Valhalla, and the innovative FlokiFi locker solution. Like other memecoins on our list, $FLOKI’s market cap dropped from $76.9 million to $71 million.

The price of $FLOKI dropped by 1.87% in the last seven days. The memecoin is also down by 2.7% in the last 24 hours, trading at $0.00000771.

Floki hosted a Twitter space on Sept. 20, covering updates about its PlayToEarn (P2E) game, ecosystem updates, and more.

The protocol currently is hosting a $1,000 giveaway in FLOKI tokens for users. See details in the Tweet below:

Samoyedcoin ($SAMO)

The market cap of $SAMO dropped from $35 million to $29 million in the past week. The Solana-based memecoin was quiet on the development front in its ecosystem:

$SAMO was the biggest loser amongst our memecoin projects in this week’s round-up, dropping by 18.42% in seven days.

The $SAMO token is also down by 3.68% and is valued at $0.008178.

As stated above, there was nothing significant to report other than the most recent Twitter space — The Alpha Dog — being held on Sept. 22.

Source :

Leave a Reply

Your email address will not be published. Required fields are marked *