Dogecoin remains one of the world’s most talked-about cryptocurrencies, boasting a market cap of over $8.2 billion.
However, in recent days, the price of DOGE has struggled amid the broader crypto market crash.
This article explores three alternative cryptocurrencies that could be attractive options for investors looking beyond the struggling meme coin king.
1. Meme Kombat (MK)
First up is Meme Kombat (MK), a new Ethereum-based token that brings together memes and battle arenas in an innovative blockchain gaming platform.
Meme Kombat allows users to stake their MK tokens to earn rewards and bet on the outcomes of virtual battles between characters representing various meme coins.
These battles are powered by advanced artificial intelligence technology to create unpredictable and engaging sequences.
As stated in Meme Kombat’s whitepaper, MK holders can also wager their tokens against other players in PvP betting or by analyzing odds in PvGame betting.
Meme Kombat’s tokenomics structure is meticulously designed, featuring allocations for staking rewards, battle prizes, liquidity, and community incentives.
The project’s roadmap also outlines plans for continuous upgrades and news seasons featuring more battle modes and characters.
By blending memes, gaming, and crypto in a community-focused way, Meme Kombat looks to rival DOGE in the meme coin space.
The project is still in its presale phase, allowing early investors to buy MK tokens for $1.667 before their open market debut.
With over $430,000 in funding raised already and almost 7,000 people following Meme Kombat’s official Twitter account, MK tokens are generating considerable interest – positioning them as a viable Dogecoin alternative amid the current crash.
2. Doge Killer (LEASH)
Another meme coin investors are considering while DOGE struggles is Doge Killer (LEASH).
LEASH is part of the Shiba Inu ecosystem and operates on the Ethereum blockchain, with a circulating supply of only 100,000 tokens.
This limited supply has been a key driver of LEASH’s value – helping it become the world’s tenth-largest meme coin, as measured by market cap.
LEASH offers holders exclusive benefits within the Shiba Inu metaverse, such as discounted fees, rewards, and early access to land sales.
It also serves as an incentive token on ShibaSwap, where staking LEASH can unlock substantial rewards.
Moreover, the token’s connection to the larger Shiba Inu ecosystem gives it appeal among meme coin enthusiasts worldwide.
LEASH is hovering around the $286.41 level, which is 96% below its 2021 all-time high.
However, with DOGE floundering, investors are becoming increasingly interested in Doge Killer – positioning it as a potential alternative for those looking to diversify their portfolios.
3. Bad Idea AI (BAD)
Lastly, Bad Idea AI (BAD) is another meme coin catching investors’ attention as DOGE struggles.
Launched in May 2023, BAD combines AI, blockchain, and decentralized autonomous organizations (DAOs) in a playful way.
What sets BAD apart is its unique decentralized experiment, where both AI and community members have a say in planning and decision-making.
One of its ambitious projects is the Consortium of AI for Humanity’s Advancement (CONAIHA), aimed at ensuring AI technology is geared toward human welfare.
Additionally, Bad Idea AI has created a formal partnership with the Shiba Inu ecosystem, confirmed by Shiba Inu’s lead developer, Shytoshi Kusama, which adds another level of credibility to the project.
Lastly, BAD’s visibility in the market has been boosted by its listing on major exchanges like Bitget, BitMart, and Poloniex.
The BAD token is up 3% in the past seven days, outperforming most major meme coins during that timeframe.
Although the token still lacks real-world utility, its clear connection to the trending topic of AI makes it an intriguing option for meme coin investors in the current climate.