Dogecoin has had its fair share of imitators and competitors, with Shiba Inu’s SHIB token being the most well-known. Other tokens include the KILLDOGE and LEASH tokens, both of which are dubbed Doge Killer. While the former never truly gained traction, LEASH reached a peak of nearly $8,000 per token earlier this year. But how is it holding up now, and could it truly dethrone Dogecoin, backed by celebrities like Elon Musk and Mark Cuban? The Ethereum blockchain is used by Doge Killer (LEASH). Its true allure stems from its scarcity since there are just 1,07,647 coins available. As a result, it is pretty volatile. Dogecoin Killer also has a few whale accounts, which can drastically affect the price of the cryptocurrency.
According to CoinMarketCap, Doge Killer has gained more than 9% in the last 24 hours, reaching a price of $786.31 (approximately Rs. 57,725). However, a review of the data from the previous three months indicates that Doge Killer has lost a large amount of value. During the first part of the year, when Bitcoin was on a tear. Doge Killer saw its value skyrocket, like most other cryptocurrencies, reaching a high of $7,902 in May.
Its price dropped rapidly after that, trading at little over $2,000 (approximately Rs. 1.46 lakh) for about a week before rising to twice as much near the end of the month for about a week before beginning to fall again in August. However, it continued to deteriorate after that. Whales, according to experts, played a role in its rapid growth and subsequent abrupt decline.