AI Chatbot Identifies Six Altcoins with Potential to Mirror Shiba Inu’s Success
The popular AI chatbot ChatGPT has spotlighted six altcoins that may follow in the footsteps of Shiba Inu, a well-known memecoin, among them FLOKI, KISHU, ELON, and SAITAMA. Shiba Inu experienced an extraordinary price surge during the 2020/2021 bull market, astonishing many investors. Reports indicate that its value skyrocketed by over 45,000,000% from August 2020 to October 2021, reaching an impressive all-time high (ATH) of $0.00008845. This remarkable increase created numerous overnight millionaires, prompting those who missed out to search for the next altcoin that could replicate such a meteoric rise.
Challenges in Identifying the Next Shiba Inu
Locating the next potential Shiba Inu is no small feat, particularly considering the vast number of tokens available. According to data from CoinGecko, more than 5,300 tokens are introduced into the market each day, with over 540,000 tokens launched in 2024 alone as of April. A significant portion of these tokens are categorized as memecoins, many of which have adopted ‘Inu’ in their names, a trend that originated with Shiba Inu. However, it is important to note that there is no assurance that these new tokens will achieve similar success as SHIB did in 2021.
ChatGPT’s Selection of Potential Shiba Inu Contenders
In the quest to identify potential successors to Shiba Inu, ChatGPT was utilized to highlight promising candidates. The AI suggests that the ideal tokens to watch should exhibit rapid growth potential, possess active communities, and demonstrate real-world utility. Interestingly, ChatGPT has enumerated six altcoins that stand out as possible contenders for becoming the next Shiba Inu.
Floki (FLOKI)
Leading the list is Floki (FLOKI), a memecoin inspired by the Shiba Inu dog of Elon Musk. Launched in July 2021, FLOKI aims to merge real-world applications with the memecoin phenomenon. Its robust marketing strategies and token burn initiatives have significantly bolstered its presence in the cryptocurrency space, fostering a lively community on social media platforms. Currently, FLOKI is trading at $0.0001477 after a daily drop of 11.3%, representing a 57.67% decline from its ATH of $0.0003462 reached on June 5, 2024. With a market capitalization of $1.44 billion, FLOKI ranks as the 55th largest digital asset.
Kishu Inu (KISHU)
Next on the list is KISHU, which was launched on April 17, 2021. This meme-based token aims to create a decentralized ecosystem that includes NFTs and a decentralized exchange. ChatGPT points out that KISHU shares a similar community engagement and marketing approach with Shiba Inu. As of now, KISHU is valued at $0.0000000003743, reflecting a 5.08% decline. The token has dropped 98.14% from its ATH of $0.00000002, recorded on March 14, 2021, and currently ranks as the 618th largest cryptocurrency with a market cap of $34.62 million.
Safemoon (SAFEMOON)
ChatGPT identifies Safemoon as the third potential asset that could replicate Shiba Inu’s remarkable achievements. Launched in March 2021, SAFEMOON has attracted significant attention due to its unique tokenomics, which include features like token burns, a static reward distribution system, and automatic liquidity pool acquisition. Similar to Shiba Inu, SAFEMOON benefits from a dedicated community that supports its growth and adoption. Presently, SAFEMOON is trading at $0.00003005, down 1% in the past day, with a market cap of $16.73 million, placing it as the 1,030th largest token. Since its ATH of $0.003383 on June 5, 2022, it has experienced a staggering 99.1% decline.
Dogelon Mars (ELON)
Dogelon Mars, inspired by both Dogecoin and entrepreneur Elon Musk, was launched on April 23, 2021. The project focuses on community-driven initiatives and utilizes a space-themed marketing strategy. ELON has gained traction thanks to its active community and memecoin allure. It ranks as the 406th largest cryptocurrency, with a market cap of $77.37 million and a trading price of $0.0000001408. The token is down 99.57% from its all-time high of $0.00003263, achieved on July 31, 2021.
EverGrow Coin (EGC)
EverGrow Coin, introduced in September 2021, is designed as a deflationary token that provides passive income to its holders through transaction fees and burn mechanisms. The focus of EGC is on rewarding its holders while fostering a sustainable ecosystem. Currently priced at $0.00000007575, EGC has seen a daily drop of 5.79% and has fallen 97.76% from its ATH of $0.000003379. It is ranked as the 4,529th largest cryptocurrency, with a market cap of $35.34 million.
Saitama Inu (SAITAMA)
Finally, Saitama Inu (SAITAMA) rounds out the list of potential Shiba Inu successors. It commenced trading on May 30, 2021, and has since evolved into Saitachain Coin. The project is aimed at providing financial services to underserved populations, particularly the unbanked and underbanked. Its mission centers around creating a transparent, community-driven ecosystem that offers educational resources. Currently, SAITAMA is trading at $0.0009465, reflecting a 4.51% decrease in the last 24 hours. With a market cap of $40.11 million, it ranks as the 573rd largest token on CoinMarketCap.
Investors are advised to perform thorough research before committing to any of the tokens mentioned above. These assets, much like other memecoins, exhibit high volatility and come with significant risks. There are no assurances that any of them will achieve notable gains in the future.
Disclaimer
This content is intended for informational purposes only and should not be regarded as financial advice. The opinions expressed in this article may reflect personal views and do not necessarily represent the views of The Crypto Basic. Readers are encouraged to conduct their own research before making investment decisions, as The Crypto Basic bears no responsibility for any financial losses incurred.
