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 $12 million. As a result, crypto meme coin investors are always on the lookout for new crypto that can bolster their investment portfolio with explosive growth, and ultimately become the next Shiba Inu.
Read on to discover our guide on the top coins that could replicate the success of Shiba Inu.
This page was updated in December 2024 to remove some outdated coins and add Wall Street Pepe and Solaxy.
Our picks for the potential next Shiba Inu coin
- Wall Street Pepe (WEPE): Pepe-themed meme token provides in-depth trading insights.
- Solaxy (SOLX): Solana L2 blockchain token offers high scalability and fast transaction speeds.
- Best Wallet Token (BEST): Get discounts on trading fees and high staking rewards with this utility token.
- Flockerz (FLOCK): Decentralized meme coin that could rival Shiba Inu with its generous staking and voting rewards.
- Crypto All-Stars (STARS): Stake popular meme coins with the revolutionary MemeVault ecosystem.
- Sponge V2 (SPONGEV2): The second coming of the best meme project of 2023. Sponge V2 offers 27% staking yields.
- Dogecoin (DOGE): The first ever and biggest meme coin to hit the cryptocurrency market, launched in 2013. Inspired by the Shiba dog.
- Pepe Coin (PEPE): Pepe is a meme coin created in 2021 with deflationary mechanics. No buying or selling tax.
- Bonk (BONK): First dog meme token on Solana. 50% of the supply was airdropped to Solana community members.
A closer look at the best meme coins Like Shiba Inu
Here you will find deeper insights into some of the potential crypto coins that can surge like Shiba Inu.
We analyzed a variety of projects from meme tokens, VR GameFi projects, and AI Integrated blockchain protocols, looking deeper into project features, smart contract audits, and social community sentiment to identify potential tokens that can be the next Shiba Inu.
1. Wall Street Pepe (WEPE): Top Pepe-Themed Meme Coin Offers Trading Signals
Wall Street Pepe ($WEPE) is gaining traction as a promising meme coin, designed to challenge Wall Street traders and provide investors with the tools to succeed in the competitive crypto market.
A top alternative to Shiba Inu, this new meme coin takes advantage of its humorous Pepe theme while maintaining a focus on profitability.
One of the key features of Wall Street Pepe is its access to advanced trading tools. Token holders will soon benefit from detailed market insights, strategic alpha calls, and trading strategies, giving them a competitive edge in the crypto space.
Additionally, $WEPE offers a lucrative staking mechanism, allowing investors to earn substantial passive income. Out of a total supply of 200 billion tokens, 24 billion are allocated as staking rewards. With an impressive annual percentage yield (APY) of 139%, staking $WEPE is a highly rewarding opportunity.
The presale for $WEPE has already raised over $4 million in just over a week, showcasing its popularity. Currently, $WEPE is priced at just $0.000208 per token. Read the Wall Street Pepe whitepaper and join the Telegram channel for more information.
Pros
- Get in-depth access to trading signals and alpha calls
- The presale has raised more than $4 million
- Get up to 139% staking APY
Cons:
- New meme tokens can be highly volatile
2. Solaxy (SOLX): First-Ever L2 Solana Blockchain Token Provides Lightning-Fast Transaction Speeds
Solaxy ($SOLX) is a new crypto token gaining widespread attention, reminiscent of the meteoric rise of Shiba Inu. As the first Solana Layer 2 (L2) blockchain, it aims to solve the scalability and congestion issues of the Solana network.
What makes Solaxy stand out is its ability to combine speed, reliability, and cost-effectiveness. With lightning-fast transactions, uninterrupted performance, and an innovative transaction bundling system, Solaxy is positioned to handle high transaction volumes effortlessly.
This advanced infrastructure makes it appealing for building scalable dApps, much like how Shiba Inu leveraged its community-driven appeal to grow rapidly.
Currently priced at just $0.001576 during its presale, Solaxy has already raised over $4.5 million. From the total 138.046 billion supply – 20.7 billion tokens are being allocated through the presale. Additionally, $SOLX can be staked to earn up to an 868% annual yield.
Notably, new projects such as Solaxy can be high-risk investments, so invest only what you can afford to lose. To learn more, read the Solaxy whitepaper and join the Telegram channel.
Pros
- Offers high-speed transactions on the Solana network
- Presale has raised $4.5 million in a few weeks
- It aims to increase the scalability of the Solana blockchain
Cons:
- The L2 mechanism is yet to be launched
3. Best Wallet Token (BEST): Get Trading Fee Discounts and High Staking Rewards
Best Wallet Token ($BEST) is the native utility coin of Best Wallet, one of the largest non-custodial cryptocurrency wallets globally. Recently launched on presale, $BEST is designed to enhance user experiences within the Best Wallet ecosystem by offering a range of valuable perks to its holders.
With $BEST, users enjoy reduced transaction fees, giving them a cost-effective way to manage their crypto assets. Additionally, token holders gain early access to new cryptocurrency projects and presales, positioning them at the forefront of emerging opportunities. A key highlight is the higher staking returns available through the Best Wallet staking aggregator, allowing users to maximize their earnings.
$BEST tokens can also be directly staked on smart contracts, generating an impressive live annual percentage yield (APY) of 855%. Out of the total 10 billion token supply, 800 million are set aside as staking rewards to incentivize long-term adoption.
Currently priced at $0.02305 during its presale, $BEST has already raised over $3.2 million in just over a month, reflecting its strong appeal among crypto investors seeking both utility and profit potential. To learn more, go through the Best Wallet Token whitepaper and join the Telegram channel.
Pros
- Get discounts on transaction fees
- Stake $BEST and get an annual yield of up to 855%
- Priority access to new crypto projects and presales
Cons:
- Most features are yet to launch
4. Flockerz (FLOCK): Decentralized Meme Coin With Voting and Staking Rewards
Even though Flockerz ($FLOCK) is not a dog-themed meme coin, it can still rival Shiba Inu thanks to its rewards and features. The team plans to turn this into a fully decentralized meme coin. This means $FLOCK token holders can vote on key decisions and decide the project’s future.
Voting could be held to decide marketing strategies, build new features, and even burn tokens to lower the supply, which typically has a positive impact on token price. Those who vote will be rewarded with $FLOCK tokens. Of the 12 billion token supply, 25% has been allocated for voting rewards.
However, the voting features will go live after the presale ends. Don’t despair if you’re looking for rewards as Flockerz has allocated another 25% from the token supply for staking rewards. Those who lock their tokens during the presale can get a generous APY of over 1,700%. Of course, this is a dynamic APY and it will drop as more tokens are staked.
Regardless, staking rewards offer token holders the chance to increase their holdings without making additional purchases. Make sure to follow Flockerz on X and join the Flockerz Telegram group for more details.
Pros
- Stake your tokens during the presale to earn generous dynamic APY
- Once the presale ends, vote in the DAO to earn more tokens
- The presale has raised more than $978k so far
Cons:
- The staking rewards are only available for purchases on the Ethereum blockchain
5. Crypto All-Stars (STARS): Stake popular meme coins with the revolutionary MemeVault ecosystem
Crypto All-Stars ($STARS) brings a new and unique platform that lets investors stake and earn from the top meme coins.
The project’s native token, $STARS, is priced at $0.0015188 in the presale stage and has raised more than $2.6 million in a few weeks. Users can buy $STARS tokens with BNB, ETH, USDT, or a bank card.
Based on the Crypto All-Stars roadmap, the platform will release its ‘MemeVault’ ecosystem, which allows $STARS holders to stake popular meme coins like Doge and Shiba Inu. Staking rewards are paid out in $STARS, and staking the native token currently generates over 579% APY.
Crypto All-Stars provides more long-term incentives for token holders, offering a 3x APY boost on staking rewards for those holding $STARS tokens. Additionally, after the launch of the MemeVault staking mechanism, the project aims to add more meme coins to its list of supported tokens.
The Crypto All-Stars whitepaper details the cryptocurrency’s roadmap and includes the project’s tokenomics. For the latest updates, join the Telegram channel.
Pros
- Learn from industry leaders and gain valuable perspectives within the dynamic cryptocurrency landscape
- $STARS holders benefit from 3x staking rewards
- Platform fosters growth and community within the meme coin space
Cons:
- Highly volatile, relying on other meme coins for growth
6. 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 offer 27% annual rewards on Polygon. With this respectable staking reward rate 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.
Pros
- Meme coin market is hot right now
- Potential to replicate the 100x success of Sponge V2
Cons:
- Unknown whether success of Sponge V1 will be replicated
7. 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 famous 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.
Pros
- By far the biggest and most established meme coin avaialble
- Major gains still possible in meme coin bull cycles
Cons:
- Meme coins tend to be highly volatile
8. 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.
Pros
- Huge, dedicated community
- Well-established
Cons:
- History of major price swings
8. 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.
Pros
- Low entry point
- Solana ecosystem
Cons:
- Lots of dog-themed coin competition
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.