Dogecoin (DOGE) And Shiba Inu (SHIB) Investors Are Moving Their Interest To Snowfall Protocol (SNW)

Recall the incredible runs of Dogecoin (DOGE) and Shiba Inu (SHIB) in the spring of 2021? These tokens built strong communities that powered them to eye-watering returns. Lots of new millionaires were minted while countless people were lifted from poverty. These same communities are now positioning themselves in the next token that would fetch similar kinds of returns and most of them believe it to be Snowfall Protocol (SNW). Time to follow the money, isn’t it?

Dogecoin (DOGE)

Though Elon Musk appearing on the Saturday Night Live show might seem like a distant past, the sweet memories of green candles and realized gains from DOGE remain in the minds of investors. DOGE reached a peak of 15,500% in 2021 and closed the year at 35x on capital. The coin was largely built on a faithful and dedicated community backed by Elon Musk, the then richest man in the world. Powerful voices screamed “DOGE to the moon” and got SpaceX named one of its launch cubesats, DOGE-1. At the time, Elon even promised to send a literal DOGE print to the moon. Dogecoin was initially created as a joke in 2013 and was based on the popular “Doge” meme, which features a Shiba Inu dog as the mascot. However, it was not until 2020 that Dogecoin garnered mainstream interest. It initially developed a utility as a means to tip people and pay for stuff on the internet, especially across social media platforms like Reddit, Twitter and Telegram. Soon, Elon Musk made it “legal tender” for SpaceX and Tesla merch while Mark Cuban accepted it too for Dallas Mavericks accessories. Its popularity skyrocketed and with it, the gains of early investors.

Shiba Inu (SHIB)

Shiba Inu, everyone’s favorite meme coin of 2021. A mimicry of Dogecoin, it soon built a personality cult inspiring millions of spinoffs like Kishu Inu, Wakanda Inu and the likes. Shiba Inu was created in August 2020 by the pseudonymous…