What is the Next Shiba Inu? Top 7 Contenders in 2024

Shiba Inu is a meme coin that has earned its place in history, with its market capitalization having peaked at $32.84 billion during the 2021 crypto bull market. While its value has fallen considerably since then, it remains the second largest meme coin on the market.

A mere $100 invested into $SHIB on January 1, 2021, would now be worth over $12 million. As a result, crypto meme coin investors are always on the lookout for new crypto that can bolster their investment portfolio with explosive growth, and ultimately become the next Shiba Inu.

Read on to discover our guide on the top coins that could replicate the success of Shiba Inu.

This page was updated in April 2024 to remove some outdated coins and add WienerAI.

Our picks for the potential next Shiba Inu coin

1. Dogeverse (DOGEVERSE): Top multi-chain meme token, $825K raised in one day. Get 1,600% staking APYs.
2. WienerAI (WAI): Brand new meme token promising to harness AI and provide “infinite upgradability”. Potentially the next big meme coin.
3. Sponge V2 (SPONGEV2): The second coming of the best meme project of 2023. Sponge V2 offers 185% staking yields.
4. Smog (SMOG): A new Solana-based meme coin that claims to be awarding holders the greatest airdrop of all time.
5. Dogecoin (DOGE): The first ever and biggest meme coin to hit the cryptocurrency market, launched in 2013. Inspired by the Shiba dog.
6. Pepe Coin (PEPE): Pepe is a meme coin created in 2021 with deflationary mechanics. No buying or selling tax.
7. Bonk (BONK): First dog meme token on Solana. 50% of the supply was airdropped to Solana community members.

A closer look at the best meme coins Like Shiba Inu

Here you will find deeper insights into some of the potential crypto coins that can surge like Shiba Inu.

We analyzed a variety of projects from meme tokens, VR GameFi projects, and AI Integrated blockchain protocols, looking deeper into project features, smart contract audits, and social community sentiment to identify potential tokens that can be the next Shiba Inu.

1. Dogeverse (DOGEVERSE): Top multi-chain meme coin with high staking yields 

Dogeverse ($DOGEVERSE) is the first multi-chain Doge token in the crypto space. Due to its multi-chain compatibility, staking yields, and recent presale success, Dogeverse has the potential to become the next Shiba Inu. 

Within just one day of the $DOGEVERSE presale launch, Dogeverse has raised more than $825K. Doge Day, which takes place on April 20th, may help create further hype for the cryptocurrency. 

Firstly, Dogeverse token holders can connect with six different blockchains. The $DOGEVERSE token will initially be launched on Ethereum – since it offers security and wider adoption opportunities. Eventually, the token will be compatible with Binance, Polygon, Solana, Avalanche, and Base. 

From a total supply of 200 billion tokens, 30 billion tokens are being allocated for the presale. At the time of writing, $DOGEVERSE is priced at $0.00029 per token. The goal is to raise a hard cap of $17 million. 

Furthermore, this new Doge token offers more utility than Shiba Inu. For instance, $DOGEVERSE can be staked to generate high APYs (Annual Percentage Yields). You can stake and generate 1,600% APYs. Nearly 1 billion tokens have already been locked on the staking mechanism. 

For these reasons, Dogeverse is one of the top Shiba Inu alternatives in 2024. For more information, go through the Dogeverse whitepaper and join the Telegram channel. 

2. WienerAI (WAI): New dog-theme coin with “AI-enhanced trading”

WienerAI is a brand new Ethereum network crypto coin looking to marry the increasingly influential world of AI with the popular realms of meme and dog-themed coins.

Indeed, having branded the project as “part dog, part AI,” the developers have said that WienerAI boasts AI capabilities within its architecture, which allows it to offer “infinite upgradability”.

While there is currently little information available on the token’s AI features, the official project whitepaper cites “AI enhanced trading”, “seamless swaps” and “zero fees”, and goes on to claim that the project is “not just a bot, but an AI-powered crypto trading partner”.

$WAI boasts huge staking rewards, with a dynamic rewards rate currently amounting to 1,311% per annum. As of May 2024, nearly 800 million $WAI have been staked. The presale is also proving popular overall, with close to $700,000 raised in under a week.

The project roadmap featured on the official WienerAI website provides more details on the future of the project, with global exchange listings slated for the third and final phase.

3. Sponge V2 (SPONGEV2): The second coming of the 100x meme coin

SpongeV2 is a revamp of the record-breaking SPONGEV1 token which did a 100x price increase for early supporters. This upcoming meme token is one to keep an eye on as it could become the next Shiba Inu if price action repeats.

The original Sponge is bridging over to the new V2 contracts with newly added utility. The project pioneers a new Sponge Racer play-to-earn game giving community members even more Sponge action and potential rewards for gameplay.

SpongeV2 also introduces new staking features with over 8 million SPONGEV2 tokens currently being staked in the smart contracts.

Staking SPONGEV2 tokens currently offers 190% annual rewards if staking on Ethereum, with SPONGEV2 staked on Polygon offering over 950% APY. With these immense rewards available it comes as no surprise that the community sentiment is positive and a large portion of contributors are already staking.

SpongeV2 has announced that it expects to list on top-tier exchanges so for early contributors or users wishing to join the SpongeV2 community, it is the last chance to get involved and stake SPONGEV2 tokens before the official launch.

4. Smog (SMOG): The “greatest Solana airdrop of all time”

Smog is one of the newest meme coins created on the Solana network and claims to be offering “the greatest Solana airdrop of all time”. This new meme coin has major potential and could see explosive price action similar to the likes of Shiba Inu.

Smog rolled out its project with a fair launch with tokens available on the Jupiter decentralized exchange or the Smog Official Website at the original price of $0.001419. Upon launch, CoinMarketCap shows that $SMOG managed to hit an all-time high of $0.09246, representing a huge 65x price increase.

$SMOG token holders have the opportunity to accumulate airdrop points and qualify for bounty rewards.

Airdrop farming has become widespread since 2023 with some people earning over $10,000 for simply participating in campaigns. Notably, Arbitrum airdropped nearly $2 billion worth of $ARB tokens to qualifying participants in 2023.

With this in mind, our expert analysts anticipate $SMOG as one of the best new cryptos to buy in 2024.

To learn more about Smog you can check out their litepaper or join their social communities on Telegram and Discord.

5. Dogecoin (DOGE): Crypto’s first ever and largest meme coin

Dogecoin has its merit as the first ever meme coin created in the cryptocurrency industry. Dogecoin has long been a favorite for meme coin enthusiasts, pioneering the most famously known dog-themed meme in the web3 sector.

The Shiba Inu coin was initially birthed through the success of Dogecoin, which gained monumental popularity among crypto enthusiasts as far early back as the days of 4Chan and BitcoinTalk forums.

Despite sitting at around $0.003 in December 2020, the price of Doge soared above $0.60 just six months later amid an explosion of popularity for meme coins, giving holders gains of up to 200x. It is comfortably the biggest meme coin on the cryptocurrency market today, with a market capitalization of more than $19 billion.

With the attention they often attract online, meme coins always hold the potential to boom during a cryptocurrency market bull run. Additionally, being the original meme token, Dogecoin comfortably falls into this category, and must still be considered one of the best meme coins to invest in today.

6. Pepe Coin (PEPE): Peaked at $1.6 billion market cap with historical 80x pump

Pepe Coin is an ERC20-based crypto meme coin that has deflationary mechanics. The Pepe Coin theme is inspired by the Pepe the Frog character, created by Matt Fury and popularized in the 2000s.

The project founders were blunt in communicating that Pepe coin’s purpose is simply to compete against dog-themed coins such as Dogecoin and Shiba Inu.

One of the key features of Pepe Coin is the no-tax policy, meaning that users will not be charged any slippage tax when buying or selling Pepe Coin.

The $PEPE token was launched in mid-April 2023, and by June it had made headlines as its price surged over 8000% within 24 hours, peaking its market cap at $1.6 billion. It is still the third largest meme coin on the crypto market today.

Within days, $PEPE became the new popular meme coin amongst crypto investors and was launched on top-tier exchanges Binance and OKX.

Having reached a market cap of over $500m, Pepe Coin has made a name for itself and secured its position in the ranks of the best meme coins in the web3 space.

7. Bonk (BONK): First dog-themed meme coin on solana

Bonk is the first Solana-based meme coin to adopt the dog theme. This crypto meme coin was launched in December 2022 “for the people, by the people”, with 50% of the total supply airdropped to the Solana community.

The $BONK token does not go further than simply being a meme coin, and aims to replicate the success of its Ethereum-based predecessors $SHIB and $DOGE. The main purpose of the token launch was to increase the liquidity on Solana DEXs and to create a community coin that can be used across Solana dApps.

Bonk made history during the December 2023 bull run, which saw the price increase to an all-time high of $0.000025, giving some investors explosive returns of 50x within two months.

Methodology

Our expert analysts consist of a panel of five individuals, some of whom do not have in-depth knowledge of web3 and crypto markets. This allows our researchers to provide opinions without bias and can provide insights from an objective standpoint. This allows us to have a varied panel that is not influenced by any factors in the review process.

FAQs

Which will be the next Shiba Inu?

Our expert analysts conducted thorough research into the various projects covered and have chosen $BONK token as the next potential Shiba Inu. This is due to the increased popularity in airdrops over the past year and the huge upside potential in participating.

Will Shiba Skyrocket in 2024?

In the event of a bull market stimulating an interest in meme coins, Shiba could see potential upside and price increases. Of course, past performance is never an indicator of future success, therefore, charting and technical analysis will play an important role in identifying the market sentiment.

What meme coin will explode in 2024?

Another meme coin that can explode is Dogecoin20. This new meme cryptocurrency is built on the Ethereum blockchain, and offers high staking yields. It has a limited token supply, which promotes scarcity in the long-term.

Is Bonk the next $SHIB?

Bonk has proven itself to be a popular meme coin among the Solana community. It is hard to say that it is the next Shib, however, if the project expands its reach it can perform well in the event of a meme coin rally.

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References

• www.nasdaq.com/articles/if-youd-invested-$100-in-shiba-inu-at-the-start-of-2021-heres-the-mind-blowing-amount-youd
• www.coingecko.com/research/publications/biggest-crypto-airdrops
• smogtoken.com/assets/documents/SMOG%20Litepaper.pdf
• www.cyberscope.io/audits/mollars
• www.theguardian.com/business/2021/feb/04/price-of-dogecoin-rises-by-50-following-elon-musk-tweet
• finance.yahoo.com/news/pepe-coin-price-meme-coins-205106204.html