Some of the Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) knockoffs are seeing strong gains as of Sunday night after Shiba Inu rose and Dogecoin fell.
What Happened: Elon’s Marvin (CRYPTO: MARVIN) is up 3090.4% during the past 24 hours, trading at $0.1633 at press time. The coin — the biggest gainer among all cryptocurrencies on CoinMarketCap — has skyrocketed 3126.1% against Bitcoin and also gained 3150.4% against Ethereum.
Among the other knockoff coins, Doge Rise Up (CRYPTO: DOGERISEUP) has surged 250.1% over the past 24 hours to $0.000000002143 and Shakita Inu (CRYPTO: SHAK) has risen 60.4% during the period to $0.0008363.
GamingDoge (CRYPTO: GAMINGDOGE) is up 35.8% over the 24-hour period to $0.00000000003474.
For comparison, Dogecoin is down 1.7% during the past 24 hours, trading at $0.1655 at press time. Shiba Inu, the self-described “Dogecoin killer,” has gained 3.5% over the past 24 hours to $0.00003566.
See Also: How To Buy Dogecoin (DOGE)
Why It Matters: Elon’s Marvin, named after Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk’s Havanese dog Marvin, describes itself as a token on the Binance Smart Chain (BSC) that is the “little brother” of cryptocurrency Floki Inu (CRYPTO: FLOKI).
The project behind the token announced on Twitter earlier on Sunday that it has migrated from its old contract to a new one and burned 1 million Marvin coins.
We just burned 1 million $MARVIN Tokens ouch!!!
— Elon's Marvin (@MarvinToken) December 12, 2021
Doge Rise Up says it is a token launched on BSC that combines the Metaverse with Dogecoin, alongside “cool” designs and non fungible tokens (NFTs). The token touched an all-time high of $0.00000004707 on Dec. 10.
Shakita Inu describes itself as the “Shiba Inu killer.” The project behind the lotto token says it is currently developing a play-to-earn game for its community.
The coin noted on Twitter that it is among the top daily gainers on CoinMarketCap.
Broke into the daily gainers on CMC and we have plans to break into the weekly gainers this week. Let's go SHAK FAM! pic.twitter.com/I8cQieKHKN
— BIG $SHAK #SHIBKILLER x1000 (@ShakitaInu) December 12, 2021
GamingDoge says its ecosystem will bring the power of a decentralized exchange, NFT Games and an NFT marketplace.
The coin said on Twitter that it is trending on CoinMarketCap and is close to completing GamingDogeSwap, a decentralized exchange where users can swap any BEP-20 token for another one.
Thanks to our community that managed to get @GamingDogeToken trending on cmc.
Also we are very near of finishing #GDSwap and #JumpyDoge
After we accomplish this two parts of our ecosystem we will start a rebranding of our logo and website.#GDWALLET Development has started pic.twitter.com/Txey1HyJ94
— GamingDoge Official (@GamingDogeToken) December 12, 2021