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Popular AI chatbot ChatGPT highlights the top six altcoins that could become the next Shiba Inu, including FLOKI, KISHU, ELON, and SAITAMA.
Shiba Inu recorded one of the most significant rallies in the 2020/2021 bull cycle, leaving many investors in awe. Reports confirm that its price soared over 45,000,000% between August 2020 and October 2021, hitting a new all-time high (ATH) of $0.00008845.
Shiba Inu’s jaw-dropping surge elevated many investors to overnight millionaires. Consequently, market participants who missed the rally have been focused on looking for the next Shiba Inu that could potentially experience a similar price surge.
Finding the Next Shiba Inu
Finding the next Shiba Inu could be challenging, given the numerous tokens in the market. CoinGecko data suggests that at least 5,300 tokens are deployed to the market daily, 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 broader trend that began with Shiba Inu. Nonetheless, there is no guarantee that they could replicate SHIB’s 2021 success story.
ChatGPT Highlights Top 6 Contenders to Become Next Shiba Inu
However, amid the ongoing search by investors, we employed ChatGPT’s services to find possible 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 highlighted six altcoins that are potential contenders for becoming the next Shiba Inu.
Floki (FLOKI)
Topping 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 utilities with memecoins. Thanks to its aggressive marketing and burn campaign, FLOKI has gained significant popularity in the industry, which has helped it build a vibrant community on social media.
At press time, FLOKI is trading at $0.0001477, with a daily decline of 11.3%. It is currently down 57.67% from its ATH of $0.0003462, recorded on June 5, 2024. FLOKI sits as the 55th biggest token, boasting a valuation of $1.44 billion.
Kishu Inu (KISHU)
The second token in the list of contenders as the next Shiba Inu is KISHU. Launched on April 17, 2021, KISHU is a meme-inspired token aiming to build a decentralized ecosystem featuring NFTs and a decentralized exchange. ChatGPT noted that KISHU has similarities with 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 plunged 98.14% from its ATH of $0.00000002, which was recorded on March 14, 2021. The memecoin is ranked as the 618th biggest token with a valuation of $34.62 million.
Safemoon (SAFEMOON)
ChatGPT ranked Safemoon as the third asset capable of replicating Shiba Inu’s 2021 feat. SAFEMOON, which went live in March 2021, has succeeded in garnering significant attention in the crypto space due to its unique tokenomics. Some of its essential features include burns, a static reward system, and automatic LP acquisition.
Like Shiba Inu, SAFEMOON boasts a vibrant community behind it, which keeps driving its adoption. It is currently trading at $0.00003005, down 1% in the past day. SAFEMOON boasts a market cap of $16.73 million, making it the 1,030th biggest token. It recorded its ATH of $0.003383 on June 5, 2022, and has plunged 99.1% ever since.
Dogelon Mars (ELON)
Inspired by Dogecoin and American businessman Elon Musk, Dogelon Mars was launched on April 23, 2021. Its aim is centered 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 a token priced at $0.0000001408. It is currently down 99.57% from its all-time high of $0.00003263, witnessed on July 31, 2021.
EverGrow Coin (EGC)
Introduced in September 2021, EverGrow Coin is a deflationary token designed to give holders passive income via transaction fees and burn mechanisms. EGC’s emphasis is centered on rewarding holders and developing a sustainable ecosystem.
With a token priced at 0.00000007575, EGC is down 5.79% in the daily charts and 97.76% from its ATH of $0.000003379. EGC is ranked as the 4,529th largest cryptocurrency, boasting 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 to 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 building a transparent and community-driven ecosystem with educational resources.
SAITAMA currently trades at $0.0009465 per token, down 4.51% over the past 24 hours. With a market cap of $40.11 million, the token sits as the 573rd biggest on CoinMarketCap.
Meanwhile, ChatGPT encouraged investors to conduct due diligence before investing in any of the aforementioned tokens. This is because these assets, like most meme coins, are highly volatile and carry enormous risks. There is no guarantee that any of them will record any significant gains in the future.