Since the beginning of 2021, memecoins have come to become today’s alternative cryptocurrencies. Their growing demand shows a shift from it being a joke to a more serious investment. This became a reality thanks to the wider acceptance of Dogecoin (DOGE).
Dogecoin acceptance opened doors to other memecoins to sprung up and climb the crypto ladder to compete with mainstream cryptocurrencies. This is the case of Shiba Inu, the “Dogecoin Killer.”
For a couple of days, Shiba Inu is gradually taking the center stage among the 150 other memecoins. The buzz, speculations, and media surrounding the crypto are adding to its pump. SHIB surged by over 350.9% over the last 30 days. This means the value of this beloved crypto has gone up from $0.00000697 to $0.000046 in just a few weeks. Thus, Shiba Inu became the third most traded crypto on Binance.
Following this, people are eyeing another memecoin for similar profits with Shiba Inu and Dogecoin. This crypto is nothing else but SafeMoon Inu.
According to CoinMarketCap, SafeMoon Inu is trading at $0.000026 with a 24-hour trading volume of $3,209,867. Launched on May 13, 2021, the token is a community-driven meme and gaming token. It has a circulating supply of 1,000,000,000,000 SMI coins and a maximum supply of 1,000,000,000,000 SMI coins.
In addition, the token caught the attention of the crypto community as investors are looking forward to investing, hoping to make a huge profit.
So the real question here is, can Safemoon Inu follow the footsteps of Dogecoin and Shiba Inu?
Note that the team behind the token asserted that it is not just a meme token as they are developing a crypto gaming platform called SMI Play. Moreover, this play-to-earn gaming platform with in-game non-fungible tokens (NFTs) will provide rewards for SMI token holders.