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DOGE and SHIB Knockoffs Soar

00:00:59

The crypto knockoff market seems to be growing by the day, making it easier than ever for retail investors to buy at extremely low prices. With every new knockoff token, meme coins like Dogecoin and Shiba Inu lose a little market share. Currently, FirstDog is taking the market by storm, rising over $370% in the past 24 hours. While the token is trading at a fraction of a penny, it is becoming more popular by the minute, especially as it has gained over 350% on both Bitcoin and Ethereum in that time. What is FirstDog? It bills itself as a platform for trading card social gaming where players can battle each other using playable NFTs and other NFT consumables. The project took to Twitter ($TWTR@US) to note that it is one of the top gainers on CoinMarketCap. Plus, the project believes that Elon Musk will tweet about it again, thus helping the token gain popularity seemingly overnight. At press time, First Dog was up over 1000%, trading at a fraction of a penny on a more than 50% reduction in volume and a massive increase in its market cap.

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