With the strength of Musk Amway, Dogecoin quickly stood out from the circle and became one of the most popular currencies in the Year of the Ox. After Dogecoin became popular, various animal coins have won enthusiastic onlookers and caused heated discussions.
Dogecoin is known as "dogcoin/dogcoin" and was born on December 8, 2013. Based on script algorithms, Dogecoin is the second largest virtual currency in the world after Bitcoin in terms of number of users. The authors of this article are Jackson Palmer, an Australian brand and marketing expert, and Palmer, a programmer from Portland, Oregon, USA.
Data shows that under the strong Musk of Amway, Dogecoin has risen by 3412% and 441% in the past three months and the past 30 days respectively.
Perhaps inspired by Dogecoin, Shiba-Inu-coin-Shib was created in the last two days and spread among the cryptocurrency community. According to the official introduction, Shib is an experiment in decentralized spontaneous community building. Shib token, nicknamed the Dogecoin killer, is the first token in the community, allowing users to hold 100 million or even trillions of tokens. Shib is an ERC-20 token and the price can be controlled below 1 cent. Shib will also be traded on Shiba Swaps, which is also its incentive token. Shiba Swap will be launched at the end of April.
Data shows that Shib has grown by 1278.72% in the past seven days.
Akita-Inu-Akita is a *decentralized community experiment where half of the tokens are sent to vitalik buterin and the other half are locked in the Uniswap pool and the keys are burned. It is the same as Shiba-Inu, but the token index is different. Akita Coin is inspired by Elon Musk and Dogecoin.
Data shows that Akita has grown by 16,811% in the past seven days.
It’s not just the rise of dog money. The entire Animal Coin Tray caught the attention of the market. There are also Aragonese ants in the animal coin collection. Aragon is an open source project based on the Ethereum blockchain. It aims to be a decentralized autonomous organization (DAO) that allows stakeholders to vote on the future development and direction of the project. Aragon uses ERC-20 token ant to facilitate voting and governance of the project. The Aragon Network is a digital governance organization controlled by tokens. Its goal is to create an ecosystem that allows any organization, entrepreneur, and investor to collaborate efficiently and securely, free of technical vulnerabilities and malicious actors.
The organization on the Aragon network chain will take Aragon as the core and consist of a decentralized autonomous organization (DAO) with entity language and a decentralized application (DAPP) on the web. Initially, Aragon Core will focus on capitalized corporate organizations, but is modular enough to accommodate other types of organizations as well.
However, compared with the crazy Dogecoin market, Ant’s increase is not large, with an increase of 96% in the past three months.
It is worth mentioning that the Coin Security Smart Chain (BSC) is also included in the Animal Coin channel. The BSC Bunny team is committed to supporting the underlying DeFi ecosystem by providing users with a simple way to automatically combine income through the binance smart chain. BSC has risen 105.47% in the past 30 days.
In addition, there is the Pig Protocol, which offers a simple solution: all coins are in the wallet, there can be no rugs, and it is *decentralized; yields multiply automatically, without complex asset matching, liquidity and risk of variable losses. Pigs are a highly productive and frictionless agricultural substitute. There is a 5% tax on each transaction: 3% is locked in working capital; 2% is allocated to pig farmers based on the proportion of pigs in stock. The price of pigs has increased by +310.00% in the past 30 days.
In addition, many items on the market, such as pikas, rabbits and foxes, are also included in the animal currency list. However, from the data point of view, the increase in the Dogecoin series is more obvious. However, with regard to the hype about animal currencies, industry insiders believe that it is difficult for new entrants to obtain high returns on already rising cryptocurrencies such as Bitcoin. On the contrary, they are prone to hyping conceptual currencies. The dog money has increased dozens of times in a short period, as well as the previous community accumulation and KOL support. Other currencies that are rising rapidly, as well as currencies influenced by this concept, can easily become tools for short-term speculation, and also remind new entrants not to be too aggressive.
Article title: Is Dogecoin setting off a new round of bubble after Animal Coin?
Article link: https://www.btchangqing.cn/239220.html
Update time: April 22, 2021
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