Dogecoin killer

The Doge Killer price has crashed since its first pump. We review why LEASH coin is going down and compare it to a potential Dogecoin killer.

Doge Killer Coin

Doge Killer (LEASH) started trading in April 2021, first tracked by CoinMarketCap at $571.

In October 2021 Doge Killer then pumped to an all time high of just over $7,900 – the same month Shiba Inu ended its bull run with a blow-off top.

LEASH token is part of the Shiba Inu ecosystem – SHIB itself has been referred to as a Dogecoin Killer, although since it topped out SHIB has today dropped to a lower market cap than Dogecoin ($7.8 billion versus $10.3 billion, #12 on CoinMarketCap vs #10).

Doge Killer price chart

Doge Killer price chart 2021 – 2022

The Doge Killer price is now beneath its first tracked price on CMC.

What is Doge Killer?

Doge Killer appears to be one of those purely speculative meme coins with no use case – it has no utility other than a cool name and a high token price, which somehow still justifies a $60 million market cap – although we predict that will continue to decline.

The Doge Killer coin supply is deliberately low – the total supply is just 107,647 LEASH coins. That low supply gives it a high price per coin – which early on attracted some investors who prefer a high token price to that of Dogecoin – currently trading around seven cents, with an all time high of $0.74.

The simple marketing gimmick was that some investors that like meme coins, and wanted Dogecoin to go to $1 – $100 or beyond, would instead buy Doge Killer as it pumped towards $10,000.

Or that they would jump on the hype train for meme tokens kicked off by the bull cycles of DOGE and SHIB and simply buy a similar one with a unique twist.

It did work initially. Early on the roadmap some form of rewards were also slated for LEASH holders, which don’t seem to have ever materialized. LEASH was also initially intended to be a rebase token – that idea ended up being abandoned, and now it appears the entire project may have been.

When the Dogecoin price didn’t recover after Elon Musk went on SNL, and the Shiba Inu price later also began to die, Doge Killer started its current bearish trend – and it has no real bullish case other than scarcity to prevent the price dropping.

Is Tamadoge a Dogecoin Killer?

Tamadoge Dogecoin killer

A new meme coin achieving over a $10 billion market cap and breaking into the top 10 cryptos right now like Dogecoin may be unrealistic given the current bear market and ‘crypto winter’ – although the markets are showing some signs of a recovery.

Rather than buying a meme coin midway through its bull run, one option is to invest in a crypto presale or new ICO – which tend to perform well even in poor macroeconomic conditions. Tamadoge (TAMA) has currently raised $5 million in its presale which has a hard cap of $19 million.

Tamadoge also has a lower supply than Dogecoin – 2 billion tokens. More importantly than just an artificially low supply however, TAMA is not inflationary.

Dogecoin with its infinite supply and inflation rate has risen from a 100 billion total supply at launch to 132 billion today. Tamadoge – a virtual pets game project – also has a deflationary token burn when players use TAMA to buy food and accessories for their Doge pet.

TAMA is the rewards token within that play to earn NFT game. So Tamadoge has three bullish cases – being early in its development (at a low presale price), being deflationary, and having utility as a rewards token.

Read more about this potential Dogecoin killer at buy.tamadoge.io.

One other presale we tipped to perform well on this website was Battle Infinity, which launched on Wednesday with a 700% price rise relative to its presale valuation.

Related

Will Tamadoge 100x? Join Initial Exchange Offering on OKX

Our Rating

Tamadoge
  • '10x - 50x Potential' - CNBC Report
  • Deflationary, Low Supply - 2 Billion
  • Move to Earn, Metaverse Integration on Roadmap
  • NFT Doge Pets - Potential for Mass Adoption
  • Upcoming Listing on OKX - Sept 27th
Tamadoge