The cryptocurrency market grows exponentially, with more and more people investing in the currencies. In an industry where volatility and speculation run rampant, it's essential to have something stable with an established track record. There are multiple digital currencies on the market, more than anyone can count. Recently, the heated argument that has been on everyone’s discussion table is Shiba inu vs Doge coin in the Crypto world.
The two meme crypto coins – Shiba Inu vs Doge Coin
However, the competition among these currencies grows even fiercer as each day passes. In recent years, debate over the cryptocurrency Dogecoin has dominated the media. Another currency that has gained much traction is Shibacoin (SHIBE). While both are based on similar concepts that is possessing a Japanese dog theme for a mascot and have been created to be used for online transactions, there are differences between them regarding their nature and usability.
The Shiba Inu: The Cryptocurrency that Changed the Internet
The Shiba Inu, also known as the "Shibe", has only recently stepped into the spotlight of the cryptocurrency world. This is a Dogecoin-based cryptocurrency that was created in December of 2013. The currency was created to make fun of the Shiba Inu breed, and it has since become one of the most popular cryptocurrencies on the market. Shibu Inu Coin is a cryptocurrency developed based on Blockchain technology. In addition to being one of the most popular cryptocurrencies, the coin was designed and created with the help of many people.
Today, Shibes are known for their love of memes and adorable appearance, and they have brought joy to thousands of people worldwide and have been an integral part of most cryptocurrency lovers. According to CryptoPredictions.com, Shiba Inu is predicted to provide double-digit returns for most of the year. It is expected to trade for at least $0.000038, with a potential price of $0.000065.
How Dogecoin became the most lovable cryptocurrency on the market!
Jackson Palmer and Billy Markus created a joke currency that became the 5th biggest cryptocurrency on the market. Doge coin is based on an internet meme doge. This meme became popular in 2013, especially on Reddit. Doge Coins are developed using the similar technology as of Bitcoin.
It is a cryptocurrency, which means that it has its unique wallet address and can be traded for other coins or fiat money (USD, EUR). It can also be mined. To create doge coins you need to use your computer to solve mathematical problems which are used to verify transactions in the network. The more coins you have, the more transaction fees you earn.
It's a cryptocurrency. However, it's much more than that. Cryptocurrencies are symbols. In a world full of darkness, this is a message of hope.
At present, DOGE is regarded as one of the most interested cryptocurrencies in existence. What started as a joke has turned into something weirdly lovable, and for a good reason too—the team behind it have stayed true to their roots and remained dedicated to delivering an accessible and friendly cryptocurrency for everyone
In January 2014, Dogecoin reached a market capitalization of US$60 million after launching on 6 December 2013 as a "joke currency"
Dogecoin (as of December 2017) was primarily for tipping, crowdfunding, and token storage. The coin has also been used to tip streamers within Twitch and YouTube lives streams to replace or add to the donation button. The celebrities also played a vital part in creating awareness among the public about Doge Coins.
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Which one is worth trading? Shiba Inu coin or Dogecoin?
It's no secret that cryptocurrencies are here to stay, and Digital currencies are now accepted as a payment even in brick and mortar stores.
Dogecoin (DOGE) has been the most successful cryptocurrency since its introduction in December 2013. The currency was created based on the Doge meme, thus the name. The value of Dogecoin increased by over 1,000% as of February 2018, making it one of the most popular cryptocurrencies in use today.
The two prominent meme cryptocurrencies, Shiba inu vs Doge coin, have some distinctive features. Shiba Inu is deflationary because it regularly burns and removes tokens from circulation, while Dogecoin is inflationary because new tokens are mined constantly. SHIB has a greater overall token count, but the burning dynamic could help its value relative to Dogecoin. The market cap value for Doge Coin is nearly $ 27 Billion while for Shiba Inu Coins it is around $ 24 billion.
On the other hand, Dogecoin is a cryptocurrency that was created in 2013. The doge meme was viral, and creator Billy Markus wanted to make a cryptocurrency based on the meme. When he shared it with his friends, they started mining Dogecoin, which means that Dogecoin had an initial base of users interested in using the currency for its intended purpose, making it easier to encourage other people to use it.
The founder of Tesla Elon Musk who has a brilliant business mind supports & backs Doge Coin by continuous tweets and also encouraging popular celebrities to show support. It is one of the greatest plus point that makes Doge Coin reliable and stands out. Even Elon Musk feels that Doge Coin is a people's currency.
While Doge Coin has distinguished supporters like Elon Musk and higher market cap value, Shiba Inu is also trending on the top of Google search analytics. Shiba Inu meme potential is still hotter in the Crypto market globally.
The risk factor with Doge Coin is less with small rewards in return. But those who are ready to play a wild bet can go through Shiba Inu Coin trading. The popular Crypto platforms for Doge Coin trading are Robinhood, Coinbase and so on. While for the Shiba Inu Coin trading one can rely on these platforms such as Uniswap, CoinDCX etc.
Related post :- Top 5 Crypto Currency that you can invest in 2021-22 that Gives you Good return
Conclusion
While the Crypto trading market has one of the very crucial factors as a risk factor which one always has to keep in mind before putting your hand in this game. Well, the increasing popularity & fame of Cryptocurrency has spread its magic globally. This is evident from the 300 million global solid crypto account holders, with India alone having 100 million users. If you're interested in trading cryptocurrency or learning how to use this form of digital currency, be sure to visit our website for more information!