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2021 was no doubt remained a super bullish year. Most lucky traders have become millionaires or even billionaires as they have seen some astronomical gains or life-changing gains. Now the crypto traders become accustomed to it and always remain on the hunt for new places to find astronomical profits.
If you are one of the crypto traders searching for such astronomical gains, you are at the right place. Here in this article, I will share one coin which is gaining immense popularity nowadays and has the potential to produce astronomical gains in the future, like Dogecoin (DOGE) and Shiba Inu (SHIB).
Dogecoin
So the story of astronomical gains starts with Dogecoin (DOGE), the first-ever meme coin to reach the sky but unfortunately missed the moon target of $1 by just 26 cents. The coin was created in December 2013 by three partners, Billy Markus, Oregon, and Jackson Palmer. The coin was designed as a “JOKE” based on the famous “Doge” Internet meme. Dogecoin features a cute Japanese dog breed, “Shiba Inu.”
Elon Musk, the CEO of Tesla Motors, is known to be the Father of Dogecoin. He wins this title because of his consistent support for Doge and how his tweets influence the price action of Dogecoin especially. Maybe many people reading this article don’t know; Elon Musk has been a die-hard supporter of Dogecoin since 2019.
Here is his first-ever tweet in support for Dogecoin:
Dogecoin rulz pic.twitter.com/flWWUgAgLU
— Elon Musk (@elonmusk) April 2, 2019
However, at that time, the crypto market was not as recognized as now. Therefore, his tweets do have not have much influence on the price action. As the crypto market saw an immense expansion in 2021, Elon Musk got the power to move the markets with his tweets.
Most of the people rushed to buy the coin in 2021 following Elon Musk’s continuous tweets about Dogecoin. The people believed that the meme coin would reach the $1 mark, but unfortunately, it didn’t and experienced a sharp fall from its all-time high (ATH) price of $0.7376 registered on May 08, 2021, 8 months ago. The sharp fall comes after Elon Musk’s called Dogecoin, a “Side Hustle” in “Saturday Night Live.” On Jan 14th Elon Musk confirmed that his Tesla now accepts Dogecoin as a payment method.
Shiba Inu
On the same day, another meme coin comes into the trader’s radar, and that is none other than the renowned “Shiba Inu (SHIB)” coin, which branded itself as “the Dogecoin Killer.”
Traders had withdrawn their positions from DOGE that night and rushed to buy SHIB tokens as they didn’t want to miss another incoming opportunity to become a millionaire. As a result, SHIB prices got a crazy boom.
Following this event, Vitalik Buterin gives Shiba Inu more exposure by burning almost 40% of the meme coin’s total supply. The remaining supply was donated to charity organizations, out of which “Indian Covid Relief Fund” was the primary move. Following this donation and burning, all the media giants like The Wall Street Journal, Bloomberg, The Fortune, etc., all started giving coverage to SHIB token, which provides more exposure to the meme coin. The price of SHIB skyrocketed as a result.
During this massive Bull Run, a SHIB follower even asked Elon Musk via tweet how many SHIB he is holding. The answer was straightforward and straightforward from Elon Musk’s side, and that was “NO.”
Most traders became afraid after Elon Musk’s Tweet, but Shiba Inu’s price showed none of the strong reaction and continued to run in the North direction.
Elon Musk’s negative response failed to influence Shiba Inu’s price because of the following two strong reasons:
- Shiba Community (commonly referred to as SHIB Army)
- Shiba Inu’s utility
Shiba Inu was also started as a “JOKE,” but it’s no joke anymore. Unlike Dogecoin, the team behind the SHIB token is serious about the growth of the SHIB Ecosystem and working day and night on amazing things for SHIB Community.
Shiba Inu’s team is currently working on its Multiplayer Collectible Card Game with Playside Studios, an Australian Company, under the supervision of William Volk, former VP of Activision.
BabyDoge
Following DOGE and SHIB, there is a new crypto dog in the town, i.e., BabyDoge. Baby DogeCoin (BabyDoge) is following the steps of its father, “Dogecoin,” and gaining immense popularity nowadays and most of the traders want their hands on it right now. The reason is obviously to catch “astronomical gains.”
Babydoge has recently proved its potential by the fact that it jumped 143% in the start first ten days of 2022, according to Coinmarketcap data.
According to Coinmarketcap after starting the year at $0.000000001903, baby dog rallied to $0.000000006037 — that’s up 230% in just 17 days. On Jan 16th Babydoge made a fresh all-time high (ATH) of $0.000000006599. The market cap of the coin crossed $1.5B, While the coin is on 268,026 people watchlist on Coinmarketcap.
The New Year 2022 started terribly for the overall crypto market. Still, BabyDoge was one of the few assets that have managed to accelerate and appear to be bucking the trend. However, the token has ample supply in circulation, i.e., 268.40 Quadrillion Baby Doge Coins.
Baby DogeCoin grabbed traders’ attention after the team behind the token confirmed the transaction of 5 Quadrillion Baby Doge Coins estimated at $11.50M to the burn wallet on January 2.
Later, BabyDoge made another headline that it had surpassed SHIB in terms of holders. Following the news on January 10, BabyDoge flipped Ethereum (ETH) for the first time and became the most traded token among the top 1000 wallets.
Baby DogeCoin has also flipped Shiba Inu’s total holder count. Babydoge has 1.2M holders while SHIB is standing at 1,140,000+ holders.
Babydoge is doing splendidly as compared to its contenders SHIB and Doge, More exchange listings and better additional utility will unquestionably help the coin to take the seat of Shiba Inu.
There is no doubt that BabyDoge is delivering immense gains at the moment, but looking into history, we conclude that no matter which cryptocurrency you are chasing or for which purpose. Before investment, always do your research as this type of meme coins are usually backed by hypes, and when the hype vanishes, the price can plummet to zero losing all of your investment.