The post Shiba Inu Alternative Goes Viral as XRP Slows Down appeared first on Coinpedia Fintech News
Meme coins have become a big part of the crypto world. Most investors look for fun coins with strong crypto communities that are actively available on social media. Shiba Inu has been one of the best meme coins for many years. But now, a new alternative called ChowWow has come up in the market and is gaining huge attention.
Simultaneously, XRP has shown signs of slowing down in the market recently. Therefore, active investors are searching for new opportunities to invest in top-rated coins. The meme coin which has started getting strong support is $CHOW. Let’s find out more about why people are investing heavily in the ongoing presale.
ChowWow Set to Become The Next Big Meme Coin
ChowWow is a new meme coin based on the Chow Chow dog breed. It combines fun branding with real use cases. The project is built on the Solana blockchain, so you can consider it as a faster and cheaper option than many other meme coins.
One of ChowWow’s biggest features is its play-to-earn model, which helps users win real-world rewards. These rewards can be later used to buy in-game items or exchange them for real money. This concept makes it a popular crypto coin in the market where you get to earn from the coin’s value as well as your gaming skills.
ChowWow also has a decent token distribution system in place. 50% of the total token supply is reserved for presale so that early investors can get in at a low price. The current presale price is $0.008 per token, which is very low considering the amount of features it has.
The stake-to-earn feature also adds long-term value. If you invest today in $CHOW tokens and lock them for a fixed period, you will get a staking benefit. It is from 8-15% of your investment, making it a good passive income source.
It also keeps giving airdrops, new social media campaigns, and meme contests. This is why it is seen as a top Shiba Inu alternative. The current investors see it as a good crypto investment with room for further growth. As the community grows, so does the demand for $CHOW.
Why XRP Is Slowing Down
XRP has been in the crypto market for years. It is mainly used for fast payments and cross-border transfers. But lately, its growth has slowed down. Many investors are looking for coins that offer other features as well.
Regulatory issues have also affected XRP’s price. The ongoing legal battle with the SEC has made some traders hesitant to invest more money. This type of uncertainty can affect the overall market sentiment and trading volume.
Unlike meme coins, XRP does not have a strong community-driven movement. Meme coins like ChowWow build strong online support. This helps increase demand and keeps people interested.
Is it the Right Time to Buy?
Meme coins often see fast price movements. Some rise quickly and then fade away. Others build strong communities and long-term value. The key is to find coins with a real use case.
ChowWow has low entry costs and a steady user base. It is still in its first presale round, making it easy for early investors to get a huge listing gain. If more people start using the game and staking model, demand for $CHOW will automatically keep rising.
Crypto experts believe meme coins with use cases have better chances of long-term success. Since ChowWow rewards players and stakers, it is more than just a meme. It has a real system that benefits users in the long run.
Final Thoughts
As XRP slows down, traders are looking for new opportunities. ChowWow has gained attention as a strong Shiba Inu alternative. Its gaming and staking rewards make it more than just a meme coin.
If you are looking for a low price crypto coin, ChowWow is worth putting your money into. Early investors are watching closely because it has already raised more than $125K in the ongoing first presale round. This gives it a better chance of long-term success.