While Shiba Inu was simply created as a ‘Dogecoin Killer’, it has since grown to a market cap of over $40 billion. Those who missed the 2020 ICO might be wondering what the next Shiba Inu is.
This guide analyzes nine projects that could generate similar returns during the next crypto bull market.
Listed below are ten quality crypto projects that could be the next Shiba Inu:10 Cryptos That Could Be the Next Shiba Inu in 2023
A Closer Look at the Possible Next Shiba Inu Cryptos
To find the next Shiba Inu, it is wise to look for key similarities in the crypto market.
One way of doing this is to explore Shiba Inu price predictions to see what most analysts and crypto experts are forecasting for the meme coin’s forward trajectory.
For example, investing in trending projects during its ICO and targeting low-cap projects. Innovative ideas and concepts will also increase the chances of replicating similar returns to Shiba Inu.
Read on to discover which tokens could be the next Shiba Inu in 2023.
1. Bitcoin ETF Token – #1 Contender As Next Shiba Inu Token
Bitcoin ETF Token ($BTCETF) is a coin that could easily go parabolic over the next few months. This is because the presale has been created with the approval of Bitcoin ETFs by the SEC in mind, and is strategically positioning itself for this event.
It could appreciate far more than either the ETFs or Bitcoin should this approval occur, something which many analysts expect to happen soon.
Unlike Shiba Inu, Bitcoin ETF Token is much more than just a meme coin. It has a roadmap that corresponds to real-world events that can have a gigantic impact on the entire cryptocurrency industry, such as the approval of Bitcoin ETFs by the SEC and the price of Bitcoin reaching $100,000.
The presale features 5 major milestones, with a 5% token burn as each milestone is achieved. It offers a ‘Latest Bitcoin ETF News’ column on its website to keep abreast of essential updates in the BTC ETF arena. The Twitter and Telegram accounts perform a similar function.
The ERC-20 utility coin offers a lot of value to investors. In stage one of the ten-stage presale, the price per token is $0.005. By the final stage, this will rise to $0.0068. The dynamic APY with Bitcoin ETF Token is above 1,800% at present, though such yields come down with time. From the perspective of both APY and price entry, it makes more sense to invest early.
Of the 2.1 billion supply, 25% is sent to a burn address. This is a total of 525 million tokens, quite a significant amount. Of the total token allocation, 840 million goes to the presale, 525 million is burned, 525 million is allocated to staking, and 210 million is allocated to DEX liquidity.
If Bitcoin ETF approval happens through the SEC, this token could easily be the next Shiba Inu. Plus, it offers many more incentives in comparison to meme tokens.
Further details can be extracted from the Bitcoin ETF Token Whitepaper.
Hard Cap
$4.956 Million
Total Tokens
2.1 Billion
Tokens available in presale
840 Million
Blockchain
Ethereum Network
Token type
ERC-20
Minimum Purchase
NA
Purchase with
USDT, ETH, BNB, MATIC, Card
2. Meme Kombat – Group Meme Combat With 112% APY Leverages AI and Blockchain for Enhanced Rewards
Meme Kombat ($MK) is an inventive ERC20 presale that gathers the world’s most famous meme tokens together under one architecture, and lets them fight it out.
This could see traction from some of the million-strong online followings of Doge, Shiba Inu, Pepe, etc. Meme tokens are known for the strength and passion of their underlying communities
Season One will offer 11 iconic meme coins that will fight it out, with a variety of betting options on the outcome. Typical fights might be Doge vs Pepe, Sponge vs Wojack, Mong vs Kishu, etc. These fights are selected at random.
There are many betting options available, the main ones being P v P, P v Game, and Direct. P v P allows users to place wagers directly against their friends, adding a personalized touch. Side bets also add to the excitement, where every specific fight criteria can be bet upon. This further adds to the engagement.
This presale offers state-of-the-art illustrations using AI-rendered graphics for vivid battle depictions. It also stays true to the image of the original meme tokens as much as possible. The fight outcomes are processed on chain to allow for increased transparency and automatic distribution of winning bets.
This is also a project that is incredibly transparent. The founder is viewable on LinkedIn and the smart contract audit revealed no serious issues within the code.
No tokens have been withheld by the core team. Of the 120 million tokens, 60 million are reserved for the presale, 12 million for the DEX, 12 million for community rewards, and 36 million for staking and player rewards.
The price per token is $0.1667 and the hard cap is $10 million.
More details can be found on the Telegram and Twitter social media accounts.
Hard Cap
$10,000,000
Total Tokens
120,000,000
Tokens available in presale
60,000,000
Blockchain
Ethereum Network
Token type
ERC20
Minimum Purchase
100 tokens
Purchase with
USDT, ETH, BNB
3. Wall Street Memes – Popular Meme Cryptocurrency, With Over $25M Raised, Now Live on OKX
In the meme space, popularity and virality are two key elements that can help a token soar. Wall Street Memes had the benefit of already garnering a social media community of 1 million + people.
This will probably be remembered as the most successful presales of 2023, with a $25M raised and interaction from Elon Musk.
Starting in 2019, Wall Street Memes managed to gain popularity on Twitter and Instagram. In 2021, the creators of this platform decided to launch Wall St Bulls, their own NFT project. The first NFT collection managed to sell 10,000 Ethereum NFTs in just half an hour.
Now, the platform has launched its own cryptocurrency token, $WSM. Its large following can help it become the next Shiba Inu. But unlike Shiba Inu, Wall Street Memes has an established following, which can help it in the long run.
Furthermore, the $WSM token will function as a 100% community-driven cryptocurrency. 30% of the 2 billion token supply will be distributed as community rewards to token holders. Another 20% will be used to provide CEX and DEX liquidity.
The remaining 50% of the supply has been allocated for the completed presale.
Wall Street Memes recently launched its own crypto casino, with $WSM as the native coin. So investment in this live token has many benefits, including bonuses from the casino and staking APY.
Join the Wall Street Memes Telegram group to learn more about this cryptocurrency project.
Hard cap
$30,577,000
Total tokens
2,000,000,000
Tokens available in presale
1,000,000,000
Blockchain
Ethereum Network
Token type
ERC-20
Minimum purchase
100 tokens
Purchase methods
USDT, ETH, BNB, Bank Card
Doge Uprising ($DUP) is an ERC20 presale that tells a futuristic story centered around Elon Musk, Mark Zuckerberg, and global surveillance.
The story starts in the year 2045, where Zuckerberg maintains a draconian hold over the citizens of the earth. He is referred to as “The Lizard Man” in the Doge Uprising Whitepaper.
The hero of the story is Elon Musk, who leads an army of Doge Mecha NFTs against Zuckerberg’s machines. Users can invest in these NFTs, which will be minted on Ethereum, and take part in a battle for the freedom of humanity.
Musk and Zuckerberg were rumored to be having a cage fight in the real world, and the presale could benefit from this publicity. Musk is also known to have blown up the price of Doge on multiple occasions with his tweets, so this association might go down well from a market perspective.
Plus, there is growing dissatisfaction around the globe regarding the state of surveillance, another fact that engenders this presale to the public at large.
In total, there are 450 billion tokens. Of this overall supply, 60% is allocated to the presale, 20% to exchanges, 10% to airdrops, 5% to development, and 5% to marketing. This presale has undertaken a third-party smart contract audit from Solidproof. Over 29 billion tokens remain in the current stage, at the time of this writing.
The current price per token is $0.000013, which will double to $0.000026 in the next presale stage. This is pretty much a 100% increase for sitting on the token. ETH, USDT, and BNB can be used to finalize the transaction.
This presale also has a referral program, where 10% of the referee’s investment is automatically sent to the referrer’s designated wallet.
For alerts and updates, tune in to the Doge Uprising Twitter account.
Presale Started
October 2023
Purchase Methods
ETH, USDT, BNB
Chain
Ethereum
Hard Cap
Unknown
Min Investment
None
Max Investment
None
5. MyNeighborAlice – Small-Cap Metaverse With Virtual Land Ownership
We also like the look of the metaverse gaming project MyNeighborAlice. Put simply, the project is building a farm-themed game on top of the Chromia blockchain. Players can build and explore communities, socialize, and complete farming tasks to earn tokenized rewards. But most interesting is the virtual real estate ownership on offer.
Just like Decentraland and the Sandbox, MyNeighborAlice will enable players to buy plots of land. There will be 100,000 plots available across six metaverse islands. While some plots will be more pricey than others (e.g. beach land), MyNeighborAlice is committed to making metaverse real estate affordable.
All land purchases and real estate construction is paid in ALICE, the project’s native token. As of writing, ALICE has a market cap of just $75 million. Compare this to Decentraland which, at its peak, was worth over $9 billion. If MyNeighborAlice is able to reach similar prices, an investment in ALICE today would yield a potential upside of over 11,000%.
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6. SushiSwap – Decentralized Exchange Supporting AMM Token Swaps
While Shiba Inu is also behind a decentralized exchange of its own, SushiSwap could be a much better alternative. This is especially the case considering the market capitalization of the latter. Currently, SushiSwap is valued at approximately $260 million. Considering how big the decentralized finance industry is expected to grow in the coming years, this could be heavily undervalued.
SushiSwap not only supports over 400 tradable cryptocurrencies, but multiple blockchain networks. This includes Ethereum, Gnosis, Binance Smart Chain, Polygon, Avalanche, and more. SushiSwap also enables users to swap tokens on a cross-chain basis. This means that swapping BNB (Binance Smart Chain) with USDT (Ethereum) can be achieved in seconds.
And, as a decentralized platform, there is no requirement for a seller to match to trade. Similar to Uniswap, SushiSwap uses the AMM (automated market maker) framework. Its native token, SUSHI, was priced at nearly $23 during the prior bear market. Today, SUSHI is trading at a discounted price of nearly 95%. Therefore, a return to its prior all-time high would result in growth of over 1,800%.
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7. Compound – Earning and Lending Protocol Supported by a DAO
Shiba Inu has developed a decentralized exchange that supports passive rewards, such as staking. However, considering that the SHIB boat has already been missed, Compound could be a better alternative. Launched in 2018, Compound is a decentralized lending protocol that operates as a DAO (decentralized autonomous organization). This means that those holding its native token, COMP, have a say in how the project is run.
The main concept with Compound is that it enables users to earn interest on crypto tokens that would otherwise sit idle in a private wallet. Users deposit funds into a supported liquidity pools and will earn an APY. The funds are then used to provide liquidity for decentralized trading orders. Moreover, Compound also facilitates collateralized loans.
These are also funded by investors that deposit tokens into the Compound protocol. Like most crypto tokens, COMP has struggled since the peak of the bear market in late 2021. Back then, COMP was trading above $850. It is currently trading at a 95% discount at approximately $45. If this is the next Shiba Inu, then COMP offers a projected upside of over 1,800% – should it return to pre-bear market levels.
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8. Dogelon Mars – Popular Meme Coin With a Huge Community of Followers
When Shiba Inu was created in 2020, it was marketed as an alternative for those that missed out on the Dogecoin pump. Dogelon Mars is following a similar trajectory, with the meme coin failing to offer much in the way of real-world utility. Just like Shiba Inu, however, Dogelon Mars has a huge community of followers in the crypto space.
For instance, Dogelon Mars has more than 445,000 followers on Twitter alone. It also has over 55,000 members in its Telegram group. Throughout the day, there are often several thousand active members. Evidently, the team behind Dogelon Mars has done well to create so much hype without much of a working product.
According to its whitepaper, the native token ELON will become the ‘intergalactic currency’ of space. Naturally, its ‘intergalactic’ token was named after the Tesla and SpaceX CEO, Elon Musk. However, Musk has no involvement in this project. Nonetheless, with such a large community, ELON has every chance of becoming the next Shiba Inu. Currently, its market cap is just under $200 million, which is just a fraction of SHIB.
9. Doggy – Required Token to Buy Crypto Doggy NFTs
Founded in 2012, Doggy is a low-key project that has created a collection of dog-themed NFTs. Known as ‘Crypto Doggs’, the NFT series consists of 10,000 unique animations. Interestingly, each animation was generated randomly through cryptography. Moreover, each Crypto Doggy NFT has its own traits. Some are rarer than others and include glasses, hats, colors, eyes, and more.
This project also has its own native token, DOGGY. Right now, the sole purpose of DOGGY is to buy Crypto Doggy NFTs. Without DOGGY tokens, a purchase cannot be made. As of writing, DOGGY has a micro-small market cap of just $2 million. If its NFT collection one day mirrors the success of Crypto Punks or the Bored Ape Yacht Club, the upside potential of DOGGY could be sizable.
10. Mintlayer – Making the Decentralized Financial Markets Attack-Proof
Mintlayer also stakes a claim as the next Shiba Inu. This brand-new project is building a unique consensus mechanism that combines proof-of-stake with the Bitcoin protocol. In doing so, Mintlayer claims that its platform will be both scalable and attack-proof. Moreover, its consensus mechanism distributes block rewards to random stakers, rather than giving preference to nodes with the largest holding.
Its target market is decentralized finance. But unlike the current state of decentralized finance, Mintlayer aims to make the industry legally compliant. This means that users will be able to invest in traditional financial products on the blockchain with legal protections. Mintlayer is also building a native app that will enable users to run nodes. The app will double up as a wallet for its native token, ML.
ML is yet to launch on an exchange as the presale is scheduled to start this week. Mintlayer suggests that investors join the Telegram group for real-time information on the presale. The Telegram group already has over 44,000 members, highlighting that it could be hugely successful.
Why do People Look for the Next Shiba Inu?
Shiba Inu is one of the most notable success stories in the crypto space. The project was founded in 2020 and the thesis was simple – Shiba Inu claimed to offer a second chance to investors that missed out on Dogecoin.
Although the project had no utility or use cases, Shiba Inu became an instant hit overnight. According to CoinMarketCap, Shiba Inu was initially available to buy at just $0.000000000056. Just over a year later, Shiba Inu hit an all-time high of $0.00003791. During this period, Shiba Inu went from a worthless meme coin to a $40 billion top-10 project by market cap.
When comparing its initial and all-time high prices, Shiba Inu generated growth of over 67 million percent. In simple terms, this means that by investing $10 at the start of Shiba Inu’s journey, the investment would have been worth over $6 million just 13 months later.
Crucially, this is why investors are constantly asking “What will be the next Shiba Inu?”.
How to Find the Next Shiba Inu?
To find the next Shiba Inu before the next bull market begins, consider the tips discussed below.
Shiba Inu was able to go from a worthless token to a multi-billion dollar project in an unprecedented time frame. This was because the project was able to create sizable levels of hype through the crypto community.
Not only in its own Telegram group but on social media platforms like Twitter and Reddit. Regarding the latter, Reddit is home to hundreds of crypto-specific groups, some of which have millions of subscribers. This enables investors to assess which crypto tokens are trending.
For example, we found that the next Shiba Inu according to Reddit is Wall Street Memes. As the native token of Wall Street Memes platform, $WSM has already raised more than $4 million in no time. The consensus among Redditors for Wall Street Memes is positive, given that the project already has more than 1 million followers.
Low-Cost Tokens
Another reason why Shiba Inu was able to attract so much interest was the price of its tokens. Creating a total supply of one quadrillion SHIB meant that even small-time investors could buy a huge quantity.
This is also appealing to investors that do not want to own a small fraction of a high-priced token, as is the case with Bitcoin and Ethereum.
Wall Street Memes is following a similar path, with the project creating 2 billion WSM tokens. In turn, the current presale price means that each token costs just $0.0274.
Invest in Quality Presales Early
An effective way to find the next Shiba Inu is to search for quality presales. Not only that but investing in the respective presale as early as possible.
The standard presale process is to increase the price of the token as each batch sells. Some projects, like Wall Street Memes, also incorporate a time counter. This means that every few days, the price will automatically increase. Naturally, this benefits those that invest in the Wall Street Memes presale at the earliest stage.
Focus on Tokens With a Use Case
Although Shiba Inu has since developed a metaverse and a decentralized exchange, it was initially launched without any use cases.
With that said, when exploring what’s next for Shiba Inu, we found that the hype surrounding ETH has boosted the popular meme coin. Having said that the most hyped tokens are those that offer actual real-world utility.
Conclusion
Finding the next Shiba Inu is no easy feat considering that SHIB generated gains of over 6 million percent at its peak. But by focusing on quality and low-cap projects offering real-world utility, there is every chance of securing similar gains.
After review, Bitcoin ETF token is our pick as the next Shiba Inu. If the Securities and Exchange Commission approves Bitcoin ETFs, something which is expected to occur soon, the token price could skyrocket, as this is what the campaign is anticipating.
It further provides a number of additional incentives, like high APY and a discounted presale price, which could improve overall ROI.
