🚀Meme coins like Shiba Inu (SHIB), Bonk Inu (BONK) and Pepe Coin (PEPE) attract investors when profits from Bitcoin (45% annual price increase) are not large and fast enough.

- SHIB up 26% in February (BTC up 45%)

- SHIB transforms from L2 meme coin into a full Web 3.0 ecosystem

- Daily transactions increased sharply, 41% of SHIB supply was "burned" in less than 1 year

🔍However, Electric Capital recommends Polkadot (DOT) as a notable cryptocurrency in the next cycle.

- The number of DOT projects tripled in 3 years

- DOT has the largest number of full-time developers, ranking third behind Ethereum and Bitcoin

- DOT price increased 25% in February and increased a total of 32% over the past month

Polkadot is becoming a serious competitor of Shiba Inu in 2024.