Quote from: EmpoEX on October 30, 2023, 04:09:34 PM

There was a trend of creating copy of Doge coin. There were bunch of coins named after some dog breads. Shiba Inu is one of them which is kinda successful project. Other than that, most of coins like Kishu Inu, and other group of Inu's were failed to gain community trust. Another trend was PEPE in the recent times. Pepe almost destroyed the bitcoin network.

Dogecoin has remained inefficient since Elon Musk abandoned the project, and there have been several projects left in the space as well. Dogecoin does not make bull runs, but rather ascends in modest leaps. Some traders have converted Dogecoins into stable coins that can be swapped for crypto transactions, serving as gas fees. Because there are so many projects in the system, coins generated after altcoins generally survive. We should not rush into investing in the wrong projects in the market because not all of these new enterprises have solid plans. Shiba Inu and PEPE are all regarding as shitcoins that gives 40x of our capital if only we've triggered with good entries.