Altcoins
ChatGPT Predicts 6 Altcoins That Could Be the Next Shiba Inu
Popular AI chatbot ChatGPT highlights the top six altcoins that could become the next Shiba Inu, including FLOKI, KISHU, ELON, and SAITAMA.
The Shiba Inu has seen one of the most significant rallies in the 2020/2021 bull cycle, leaving many investors speechless. Reports confirm that its price has increased by over 45,000,000% between August 2020 and October 2021, reaching a new all-time high (ATH) of $0.00008845.
The Shiba Inu’s astonishing rally has elevated many investors to overnight millionaires. As a result, market participants who missed the rally have been focused on finding the next Shiba Inu that could potentially experience a similar price surge.
Looking for the next Shiba Inu
Finding the next Shiba Inu could be a challenge, given the numerous tokens on the market. CoinGecko data suggests that at least 5,300 tokens are being released into the market every day, with over 540,000 tokens launched this year as of April 2024.
Most of these tokens are memecoins, with some tactically adding “Inu” to their names as part of a larger trend that started with Shiba Inu. However, there is no guarantee that they will be able to replicate SHIB’s 2021 success story.
ChatGPT Highlights Top 6 Contenders to Become the Next Shiba Inu
However, in the midst of the ongoing search by investors, we have employed ChatGPT services to find potential answers. According to the popular AI chatbot, finding the next Shiba Inu involves identifying tokens with rapid growth potential, vibrant communities, and real-world use cases.
Interestingly, ChatGPT has highlighted six altcoins that could be candidates to become the next Shiba Inu.
Floki (FLOKI)
At the top of the list is Floki (FLOKI), a memecoin named after Elon Musk’s Shiba Inu dog, Floki. It was created in July 2021 to combine real-world utility with memecoins. Thanks to its aggressive marketing and Burning campaignFLOKI has gained considerable popularity in the industry, which has helped it build a vibrant community on social media.
At press time, FLOKI is trading at $0.0001477, down 11.3% on the day. It is currently down 57.67% from its ATH of $0.0003462, recorded on June 5, 2024. FLOKI is the 55th largest token, with a valuation of $1.44 billion.
Kishu Inu (KISHU)
The second token in the list of contenders for the next Shiba Inu is KISHU. Launched on April 17, 2021, KISHU is a meme-inspired token that aims to build a decentralized ecosystem featuring NFTs and a decentralized exchange. ChatGPT noted that KISHU has similarities to Shiba Inu in terms of community engagement and marketing strategies.
At the current exchange rate of $0.0000000003743, KISHU is down 5.08%. It has fallen 98.14% from its ATH of $0.00000002, recorded on March 14, 2021. The memecoin is ranked as the 618th largest token with a valuation of $34.62 million.
Safety Moon (SAFEMOON)
ChatGPT has ranked Safemoon as the third asset that can replicate Shiba Inu’s 2021 feat. SAFEMOON, launched in March 2021, has managed to gain significant attention in the crypto space due to its unique tokenomics. Some of its key features include burn, a static reward system, and automatic LP acquisition.
Like the Shiba Inu, SAFEMOON has a vibrant community behind it, which continues to drive its adoption. It is currently trading at $0.00003005, down 1% over the past day. SAFEMOON has a market cap of $16.73 million, making it the 1,030th largest token. It recorded its ATH of $0.003383 on June 5, 2022 and has since fallen 99.1%.
Dogelon Mars (ELON)
Inspired by Dogecoin and American entrepreneur Elon Musk, Dogecoin Mars was launched on April 23, 2021. Its focus is on community-driven initiatives and space-themed marketing. ELON has gained widespread popularity due to its vibrant community support and memecoin appeal.
Ranked as the 406th largest cryptocurrency, ELON boasts a market cap of 77.37 million, with one token priced at $0.0000001408. It is currently down 99.57% from its all-time high of $0.00003263, recorded on July 31, 2021.
EverGrow Coin (EGC)
Introduced in September 2021, EverGrow Coin is a deflationary token designed to provide holders with passive income through transaction fees and burn mechanisms. EGC’s focus is on rewarding holders and developing a sustainable ecosystem.
With the token trading at 0.00000007575, EGC is down 5.79% on the daily charts and down 97.76% from its all-time high of $0.000003379. EGC is ranked as the 4,529th largest cryptocurrency, with a valuation of $35.34 million.
Saitama Inu (SAITAMA)
The last coin in the list of contenders to become the next Shiba Inu is Saitama Inu (SAITAMA). It began trading on May 30, 2021 and has evolved over the years into Saitachain Coin.
The ecosystem team behind the token is focused on providing financial services to everyone, especially the unbanked and underbanked. Its emphasis is on creating a transparent and community-driven ecosystem with educational resources.
SAITAMA is currently trading at $0.0009465 per token, down 4.51% over the past 24 hours. With a market cap of $40.11 million, the token is ranked 573rd on CoinMarketCap.
Meanwhile, ChatGPT has encouraged investors to conduct due diligence before investing in any of the above-mentioned tokens. This is because these assets, like most meme coins, are highly volatile and come with huge risks. There is no guarantee that any of them will post significant gains in the future.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal views of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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