Memecoins have always played a significant role in the crypto sphere, especially Dogecoin (DOGE) and Shiba Inu (SHIB). These tokens, which initially brought a lot of jokes, have accumulated thousands of community supporters, attracted mainstream media, and obtained practical applications. However, in recent times, the market has been populated with new entrants that feature better innovations and better features.
One such newcomer is ChowWow ($CHOW), which is an up-and-coming meme coin that also has play-and-earn gaming and staking provisions and low cost per transaction. ChowWow is built with the possibility of stable usage and with community involvement in mind. But can this altcoin reach a level higher than Dogecoins and Shiba Inu?
In this article, we will discuss the features driving ChowWow’s potential to outperform Dogecoin and Shiba Inu.
Dogecoin (DOGE): The Price Analysis
The price of Dogecoin has been reduced recently. It has also depreciated by 33.11% in a month, and its performance in YTD is -16.16%. However, with Elon Musk heading the D.O.G.E department with Vivek Ramaswamy in Donald Trump’s 2.0 administration, the DOGE price may once again return to its 2021 value levels.
Based on the analysis, if the FOMO about Dogecoin rises even more and if influencers recommend this coin, then its price might reach $1.07. However, if Dogecoin fails to continue its current rate of growth, then in the middle of a highly competitive landscape, it may average at $0.84. Also, if Dogecoin fails to remain relevant in 2025, it can decrease to as low as $0.62.
Shiba Inu (SHIB): Whale Activity Signals Bearish Pattern
The movement of Shiba Inu in February has been calm and moderate due to the equal distribution of bullish and bearish factors. Shiba Inu still ranks second only to Dogecoin in the meme coin sector but has lost considerable ground within the last month. On the positive side, the approval of a Dogecoin Exchange Traded Fund (ETF) by the SEC has boosted investors’ confidence in the legacy meme coins, which includes SHIB.
An indication of Shiba Inu’s bearish signs is seen by the whale activities within the previous weeks. According to on-chain metrics, whale activity demonstrates that large investors are dumping SHIB in big numbers. For the past week, the average transaction size has significantly reduced by 88%. In fact, it has fallen from $39,000, which was recorded on February 3, 2021, to $4,707 on a monthly low recently.
ChowWow ($CHOW): Offering A Low Presale Entry Cost
ChowWow has been established with the community in mind and features such as a gaming platform which places it among the trending altcoins. As for the token supply, the ChowWow token has been set to be deflationary in nature, meaning that its supply will be reduced over time through activities such as token burning and repurchasing. With a very small minimum purchase in the presale, this new crypto project can easily outcompete SHIB and DOGE.
ChowWow has a play-to-earn gaming system, and these games can be played by anyone; however, to earn play-to-earn, one has to hold $CHOW tokens. A certain portion of $CHOW that was earned from in-game sales is contributed to the rewards pool, and as a result, it is the best crypto to buy now. Additionally, the 10% token supply is devoted to gaming utilities, which provides a good background to maintain the sustainability of the game in the future stages.
The ChowWow presale is currently active, and it has various benefits for traders who are looking for new trending altcoins with high potential. As for now, the presale token is valued at $0.008; therefore, buying this coin is the best thing that one can do in the crypto market. Based on the progress that has been made in the presale, ChowWow has positioned itself as the best crypto to buy.
Conclusion
Since ChowWow has a play-to-earn gaming platform, it is one of the most competitive meme coins. Unlike Dogecoin and Shiba Inu, ChowWow possesses distinct functionalities that may appeal to fresh investors who are searching for more than memes. If you wish to enter this new crypto project, navigate to the website and follow up on how to buy the token.
DISCLAIMER: This article is not intended as financial advice. Educational purposes only.
