DOGEN: The New Meme Coin to Watch, Challenging Shiba Inu and Dogecoin for Crypto Dominance

Move over, Shiba Inu and Dogecoin. A new meme-inspired cryptocurrency is capturing attention and stirring excitement in the crypto world.

A new meme-inspired cryptocurrency is rapidly gaining attention and challenging the dominance of Shiba Inu and Dogecoin in the crypto market. This fresh contender, known as DOGEN, has surged an impressive 500% since launching on Raydium DEX on February 4th.

Backed by a strong community and a CEX listing on the horizon, DOGEN is making waves in the crypto space. Could this be Solana’s next $100m meme coin? Let’s dive into the details.

DOGEN price action: Hitting new highs and preparing for more

After hitting a high of $0.0066, DOGEN cooled off and consolidated around $0.002, up a massive 566% from its lowest presale price of $0.0003 — an early return that most cryptocurrencies only dream of.

With a $5.5 million presale and a 30,000-strong X community, DOGEN has gained significant momentum and is not like your average meme coin.

A CEX listing could be next on the cards

Meme coins heavily rely on hype and liquidity, which makes a CEX listing the next logical step and a catalyst for further price appreciation.

Historically, tokens have seen a sharp rise in price upon being listed on a CEX, attracting new buyers and injecting fresh momentum into the market.

The eezzy’s journal channel, which boasts over 50K subscribers on YouTube, has highlighted DOGEN as one of the top Solana meme coins that could reach a market cap of over $100m. At current prices, that would indicate a potential 5x from here.

Should you ape in now?

DOGEN has the makings of a breakout meme coin – strong fundamentals, tight supply, an engaged community, and a looming CEX listing.

If you missed out on the initial 500% run, the next leg up might be coming fast. But once the FOMO kicks in, entry points could vanish.

DYOR, but don’t say the warning wasn’t sent. Good luck!

Shiba Inu: A rising force in the crypto market

Shiba Inu (SHIB) is an Ethereum-based cryptocurrency that was launched in August 2020 by an anonymous developer known as Ryoshi. SHIB was created as a decentralized meme coin and quickly gained popularity among cryptocurrency enthusiasts.

From its initial minting with a supply of 1 quadrillion tokens, half were burned and sent to Ethereum co-founder Vitalik Buterin, who later donated a portion to charity and burned the rest.

Built on the Ethereum blockchain, SHIB powers projects like ShibaSwap, a decentralized exchange, with future plans for an NFT platform and governance system. Its strong community backing and market trends have fueled SHIB's rise, while its Ethereum foundation provides adaptability. SHIB's long-term potential hinges on ecosystem growth, adoption, and evolving market conditions.

Dogecoin: The meme coin that became a movement

Dogecoin (DOGE) began as a fun and lighthearted alternative to Bitcoin that was launched in 2013. Using the iconic Shiba Inu meme as its logo, it was designed to be more accessible, with an unlimited supply and continuously added coins.

DOGE gained mainstream attention in 2021 thanks to social media buzz and endorsements from figures like Elon Musk. It remains popular for tipping, donations, and payments, benefiting from low transaction fees.

While some view it as a lighthearted digital currency, DOGE's long-term value is tied to community engagement, adoption, and broader market trends. Despite market shifts, DOGE continues to be an appealing choice for casual and active crypto users alike.