Currently, there are more than 6000 digital coins in the crypto universe, but the recent ones to capture the attention of many are the dog-inspired tokens. The most popular being includes the Shiba Inu and the Floki Inu. These coins are also meme coins by the fact that their names are associated with dog names.
Shiba Inu vs. Floki Inu
Shiba Inu
Shiba Inu is a token inspired by a Japanese dog breed founded in 2020 by an anonymous person. It was created to be an Ethereum-based alternative to Dogecoin and to be fully owned by the community.
After its creation, Shiba Inu was still in the dark. But, it hit the mainstream headlines when Soulja Boy and Meek mill joined the Shiba Army.
Shiba Inu has three primary flagship tokens. These are the Shib, Bone, and Leash. The Shib, the primary token, is most invested in, and the fastest-growing token among the three. The Leash is a rebase token, but the developers removed it from the ecosystem. The Bone is the bridge between Shib and Leash. Also, the developers created Bone to be the Dogecoin killer.
Floki Inu
The top Crypto influencers and developers created it in 2021. However, it gained its fame when Elon Musk, the CEO of SpaceX and Tesla Motors, tweeted that he will name His Dog Floki Inu. The dog happened to be a Shiba Inu breed.
The Floki Inu Blockchain is tied to the Ethereum Smart Contracts for the next 265 years. This gives it unlimited access to the Ethereum and Binance Smart Chain blockchains and communities. The partnership also guarantees that the Floki Inu tokens will be stable and liquid.
Although Floki Inu is still new in the Crypto world, it has a lot of plans. The platform intends to own a gaming platform with on-chain interactions its own Non Fungible Tokens(NFTs). To give back to the community, Floki Inu wants to have a Crypto Educational Platform.
Floki Inu is also very intentional in its advertising strategies. It has partnered with several ambassadors and companies to help with this. Among these is the Million Gardens Movement, founded by Kindal Musk, the brother of Elon Musk.
They have been doing a $2 million marketing campaign all over the world.
Floki Inu is also partnering with other companies to make the token more usable. These partnerships include:
- Epay that allows the Floki community to purchase from the Floki marketplace
- Crytpo card, which gives Floki holders the ability to purchase from over1000 stores worldwide
- X curate which will give Floki holders the benefit of purchasing from its platform once it launches
Market Overview of Floki Inu vs Shiba Inu
Shiba Inu has had a 350% bullish growth in the last month and about a 26million % in 2020. This growth makes it very attractive to investors.
Floki is too new to have a conclusive annual market overview. However, its partnerships and plans might cause it to have an annual bullish ride.