Solana Dogcoin SAMO Outperforming SHIB in Recent Price Action

Samoyedcoin is inching towards the top 100 on Coingecko, standing within 1/6 of Shiba Inu's market cap.

By
Anirudh Tiwari
on
October 30, 2021
Category:
Breaking News

More Bite Less Bark

Solana’s tog dog Samoyedcoin (SAMO) has been putting on an outstanding performance amidst the ongoing market-wide bull run in which the token has surpassed the gains of the DOGE knock-off Shiba Inu (SHIB), as per data from CoinGecko.

SAMO has posted 555.6% gains in the last seven days and 1,075.7% in the last 14 days, as CoinGecko’s data revealed further. In the same period, SHIB posted 165% and 191.7%, respectively, which is dwarfed by SAMO’s returns for token holders.

“The funny thing about $SAMO is that $1 is actually realistic. $1.00 SAMO = $2.75B market cap. First dogcoin to $1? I think yes,” mentioned Twitter user @GoodSamoSamo in an optimistic moment through a Twitter post.
Source: Samoyed Dog

Currently, SAMO has a market capitalization of over $434 million with a circulating supply of 2.75 billion tokens, according to CoinGecko’s tokenomics data. SAMO has acquired over 16% of the market capitalization as compared to SHIB in a short time.

The token is soon on its way to making it to CoinGecko’s list of top 100 cryptocurrency tokens by market capitalization. It will take a substantial shift in momentum for the coin to capture the prominence of SHIB. 


About The Samoyedcoin Project

Originally released as a meme-coin like Dogecoin, Shiba Inu, and many others, SAMO has grown to become one of the Solana ecosystem’s mascots and ambassadors. The token attempted to walk in Dogecoin’s “pawsteps” and is inspired by Sam Bankman Fried, the CEO of FTX and Alameda Research, and Anatoly Yakovenko, the founder and CEO of Solana Labs.

Find more about the project here:

Website | Twitter | Youtube | Discord | Instagram | Github | Telegram | Medium | Reddit | CoinGecko | CoinMarketCap

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Anirudh Tiwari

Anirudh is a cryptocurrency analyst and writer who specializes in derivatives, DeFi, regulations and CBDCs. He has a Master’s degree in Finance. Before delving into crypto, he worked with a leading U.S. based investment bank. Apart from work, he is a music connoisseur and likes to play the drums.