Some of the Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) knockoffs are seeing strong gains as of Tuesday night even as both Dogecoin and Shiba Inu fell.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
What Happened: Elonomics (CRYPTO: ELONOM) is up 953.61% during the past 24 hours, trading at $36.70 at press time.
The token has surged 951.17% against Bitcoin and also gained 958.44% against Ethereum.
Among the other knockoff coins, Alien Shiba Inu (CRYPTO: ASHIB) has surged 312.00% during the past 24 hours to $0.1815 and GamingDoge (CRYPTO: GAMINGDOGE) has risen 239.75% to $0.000000000158.
King of Shiba (CRYPTO: KINGSHIBA) is up 123.67% over the past 24 hours to $0.000000009009.
See Also: How To Buy Dogecoin (DOGE)
For comparison, Dogecoin is down 2.8% during the past 24 hours, trading at $0.2735 at press time. Shiba Inu, the self-described “Dogecoin killer,” has lost 4.3% over the 24-hour period to $0.00005482.
Why It Matters: Elonomics is a rebase token built on the Binance Smart Coin Network that rewards its holders with stable coin Binance USD. The token is the biggest gainer among all cryptocurrencies during the 24-hour period, as per CoinMarketCap data.
Alien Shiba says it is working on three flagship utility projects — a non fungible token (NFT) character collection for play to earn gaming, a decentralized exchange, and merchandise marketplace called AlienShibaInuCrew.
Alien Shibu announced on Twitter that it is now live on decentralized exchange aggregator ParaSwap. The token touched an all-time high of $0.02837 earlier on Tuesday.
$ASHIB is now live on @paraswap! pic.twitter.com/ML4mlKsFkP
— ASHIB (@AlienShibaInu) November 9, 2021
GamingDoge, which touched an all-time high of $0.000000000175 earlier on Tuesday, says on its website that its ecosystem will bring the power of a decentralized exchange, NFT Games and an NFT marketplace.
The token retweeted a post that said its presale sold out in one hour and it would be launching a decentralized exchange and games soon.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
