What is the Next Shiba Inu? Top 8 Contenders in 2023

While Shiba Inu was simply created as a ‘Dogecoin Killer’, it has since grown to a market cap of over $40 billion.

Those that missed the 2020 ICO might be wondering what the next Shiba Inu is.

This guide analyzes eight projects that could generate similar returns during the next crypto bull market.

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.

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. Love Hate Inu – Blockchain-Based Voting Ecosystem With Vote-to-Earn Rewards

We found that Love Hate Inu has the most likely chance of becoming the next Shiba Inu. In fact, there are many similarities between the two projects. For example, Love Hate Inu is a brand-new project that is offering its native token, LHINU, via a presale ICO. Just like Love Hate Inu, Shiba Inu also held an ICO, where early investors were able to snap up SHIB tokens at a huge discount.

Moreover, one of the key reasons why Shiba Inu was able to generate life-changing returns is because it created hype from the very get-go. Similarly, although Love Hate Inu is at the start of its development journey, its vote-to-earn concept is already trending. Across social media platforms like Reddit and Twitter, LHINU tokens are proving popular with growth investors. This is supported by Love Hate Inu’s presale success in just over a week, having raised over $2M USDT.

But unlike Shiba Inu – which was created as a meme coin alternative to Dogecoin, Love Hate Inu has real-world utility. For example, its LHINU token is required to cast votes. Every time a user votes, they receive additional LHINU tokens. Moreover, users need to stake LHINU to access the dashboard. As such, this generates additional rewards. From the perspective of investors, this stake-to-vote mechanism ensures that the project is sustainable. Furthermore, this guarantees that Love Hate Inu votes cannot be manipulated by bad actors or bots.

The Love Hate Inu whitepaper explains that its vote-to-earn concept is backed by the blockchain and smart contracts. This ensures that the risks of double voting and fraud are removed. Also, the blockchain will ensure that Love Hate Inu voters remain anonymous. This is especially important when voting on political matters and controversial social issues. With that said, users have the option of sharing Love Hate Inu polls on social media. This is already proving to amplify the hype further.

In terms of pricing, Love Hate Inu is in stage two of its presale. This means that for each LHINU token purchased, investors will pay just $0.000095. In other words, just like Shiba Inu, Love Hate Inu enables investors to buy a huge number of LHINU tokens with a small amount of money.  Most importantly, however, 90% of the supply is being sold during the presale. This means that investors and the broader LHINU community will hold the vast majority of circulating tokens.

We should also note that in the coming days, the presale will increase the price by 5% to $0.000095. Price increases will continue until the final stage, where LHINU will be sold at $0.000145. In turn, investing today secures gains of 60% before the tokens are listed on an exchange. Overall, this presale has a solid chance of becoming the next Shiba Inu.

2. Tamadoge – The Next Big Play-to-Earn Game With Augmented Reality Experiences

Another angle to target when searching for the next Shiba Inu is play-to-earn gaming. Tamadoge stands out in this growing market and here’s why; the project is building a metaverse ecosystem that enables players to mint, feed, and care for virtual pets. Best of all, each pet is unique and owned by the player via an NFT. Players will need to train their pet to improve its traits.

This is because the Tamadoge metaverse will support virtual battles. Each battle will see two NFT pets compete and the winner is awarded TAMA tokens. This is the utility token that fuels the Tamadoge ecosystem. Moreover, players will even be able to breed their virtual pets. This will generate a new, unique pet that is also owned via an NFT. The Tamadoge whitepaper also explains that its games will be supported by augmented reality.

The idea is that users will explore the real world via the Tamadoge app, looking for virtual TAMA tokens. This means that Tamadoge is bridging the gap between the metaverse and physical worlds. Additionally, Tamadoge has launched arcade games within its ecosystem. This shows how hard the team is working, considering that the project was only founded in mid-2022.  More arcade games are on the way and each enables players and virtual pets to compete.

Not only is Tamadoge a fun play-to-earn concept, but it represents a viable long-term investment. This is especially considering its attractive market cap of $12 million. After all, earlier metaverse gaming projects have already exceeded a market cap of several billion dollars. This means that the upside on TAMA tokens could be unprecedented. The easiest way to buy TAMA is OKX or Gate.io, but other exchanges are also supported.

3. 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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4. 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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5. 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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6. 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.

7. 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.

8. 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.

Trending Cryptos on Social Media

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 LHINU.  As the native token of Love Hate Inu platform, it will fuel the project’s vote-to-earn concept. The consensus among Redditors is that Love Hate Inu could be the de-factor voting framework for web3.

Another tip is to search Twitter for trending projects. Consider targeted hashtags like ‘next crypto to explode’ or ‘upcoming ICO’. Then, see which projects are generating a lot of activity.

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.

Love Hate Inu is following a similar path, with the project creating 100 billion LHINU tokens. In turn, the current presale price means that each token costs just $0.000095. As we noted earlier, 90% of the supply is being sold, so the community will hold the vast majority of LHINU tokens.

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 Love Hate Inu, also incorporate a time counter. This means that every few days, the price will automatically increase.

Naturally, this benefits those that invest in the Love Hate Inu presale at the earliest stage. Investing today offers an upside of over 60% compared to the final presale price.

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.

This is one of the core reasons why Love Hate Inu continues to trend on social media. After all, the project’s voting dashboard can only be accessed by staking LHINU. Moreover, vote-to-earn rewards are paid in LHINU too.

As such, Love Hate Inu currently offers the perfect combination of hype, presale pricing, and 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.

Moreover, investing in a presale as early as possible usually offers a much greater upside. This is why Love Hate Inu is creating so much hype, as its vote-to-earn dashboard recently launched its much-anticipated presale.

The presale is selling LHINU tokens at just $0.000095 each. This means a small investment of $50 would yield over 500,000 LHINU.  $2 million has been raised in just over two weeks, so investors will need to move quickly to avoid missing out.

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