#山寨币普涨，山寨季开启了？ #币圈观察员 DOGE (Big Dog) started in 2013 as a playful alternative to traditional Cryptocurrency, with its symbol being a Shib memecoin. Unlike BTC, DOGE is designed to be abundant, with no limit, and creates 10,000 new coins per minute. Initially seen as a "memecoin", its value skyrocketed in 2021, with a market capitalization of over $50 billion, ranking among the top ten cryptocurrencies. This rise was driven by social media influence, particularly from Musk, during a surge in the broader crypto market. DOGE, jokingly created by Billy Markus and Jackson Palmer, highlights the unexpected impact of the community and social media on the financial landscape.

Shib Coin: An ETH-based meme token with practicality that keeps rising
Shib (SHIB) is a memecoin cryptocurrency inspired by Dogecoin. It operates on the Ethereum blockchain and can be integrated with various applications in the Ethereum network. SHIB was launched in August 2020 by the anonymous developer Ryoshi, with an initial supply of one trillion tokens. A large portion was sent to the co-founder of Ethereum, Vitalik Buterin, who donated and burned a large number of tokens, affecting the visibility of SHIB. Unlike Dogecoin, SHIB plans to expand its utility through projects such as ShibaSwap (a decentralized exchange) as well as future NFT platforms and decentralized governance platforms, indicating that its practicality may not be just as a memecoin.