Topic: Shiba inu - page 5. (Read 5422 times)

Indeed, it is not worth comparing Shiba and bitcoin, this is not correct, but it will be possible to talk about the usefulness of Shiba only after the deployment of its blockchain, how the further development of the project will go will be seen very soon. But Shiba has already been of great benefit to the popularization of crypto, it seems to me very important

Shiba Inu occupies a large place in the world of Meme coins. They are trying to increase the utility of this coin. But market bearishness will not be visible in any attempt. But the bullish market has an opportunity for a big pump. A survey by Into the Block found that so far about 30% of users holding Shiba inu coins have shown no interest in selling despite the bullish trend. So we can predict that the coin will naturally become more bullish, which will be able to break the previous record.

It's just that another large store has started accepting payments in cryptocurrency and now for SHIB tokens you can now buy furniture in the third largest retailer in the US Rooms To Go. Of course, not only Shib, in fact, it just became possible after BitPay shared a screenshot of payment options in the store.

https://twitter.com/BitPay/status/1575621520923279360

and that's the thing that gonna make shiba inu will exists for long I guess, unlike doge that's just stuck, moreover I think shiba inu will its new blockchain smart contract platform could further push its valuation even further and could score new highs, I'm sure in the future shiba inu will be real contender against the likes of 2nd layer solution like matic. surely that's easy feat that shiba inu could definitely reach.

We haven't seen the crypto market truly experience a bear market. The current high price of Bitcoin has allowed most cryptos to survive. Dogecoin can last a very long time with the lowest value. While Shiba has not experienced this. Although the shiba team continues to develop their platform, we will also see in the next bull run when new coins are popularized. Usually there will be coins that die when new coins appear.

They are actually taking steps on how to make Shiba more functional and emerging it from a meme coin to a coin with a purpose. It isn't Doge killer anymore but it turned out to be another top meme coin. Its community is huge which is making the said coin more popular. It already gained the trust of many investors especially when it strikes a good price before. Let's see how far Shiba could go when the market goes back to normal.

The Shiba team(@Shibtoken) officially announces that the Shiba Eternity game will become publicly available for download on October 6, so everyone can try to play it after the release, and on October 1 @ShytoshiKusama promise to publish all the knowledge and plans for this game.

Well, it seems to me that the Shiba team has already abandoned the original concept as a Doge killer, yes, they started as a meme coin and are now step by step building the foundation of a full-fledged token, their own blockchain, collaboration with sellers of various services and goods, the creation of a metaverse and games.

Shiba Inu vs Dogecoin: Which is the Memecoin King? Who will emerge victorious?

Shiba Inu vs Dogecoin Who will be victorious? With the success seen by Dogecoin in 2021, it was only a matter of time before a competitor (if it can be called that) would challenge DOGE to be the king of memecoins.

SHIBA INU , an ERC-20 token launched in the summer of 2020 that started making waves in 2021, following the success of Dogecoin. SHIB became a popular choice for traders who felt they had missed the boat with Dogecoin, and it certainly rewarded those who had faith. If you had invested $1,000 in SHIB at launch, you would have had $1 billion when it hit its all-time high in October 2021. Like Dogecoin, Shiba Inu have fallen quite a bit from their highs, but both can bounce back.

If you are looking to decide which memecoin may be the best option, this guide will help you compare Dogecoin vs Shiba Inu.

Dogecoin Quick Overview

Dogecoin (DOGE) was started in 2013 by Jackson Palmer, a software engineer at Adobe, and Billy Markus, a software engineer at IBM.

According to Markus, it only took around 3 hours to change the original Bitcoin code to create Dogecoin. The Dogecoin network launched in December 2013 and reached an all-time high of almost 73 cents on the dollar in May 2021. It is currently trading below 10 cents a piece.

The asset uses a proof-of-work consensus mechanism like Bitcoin, with blocks mined every minute and 10k DOGE coming into circulation through each block reward. Markus and Palmer walked away from Dogecoin in 2015, while influential figures like Elon Musk stepped in to defend the memecoin.

Shiba Inu Quick Overview

SHIBA INU (SHIB) was created in August 2020 by a pseudonymous person going by the name ?Ryoshi? with the aim of being a direct competitor to the original meme coin that is Dogecoin. SHIB started with a total supply of 1 quadrillion SHIBs.

A quadrillion has 15 zeros or is 1,000 trillion in other words. Half of the supply was placed on Uniswap for liquidity pooling purposes. The other half was sent to the creator of Ethereum, Vitalik Buterin, in the hope that he would burn it. Buterin burned over 400 billion SHIB while he sold the rest and donated the proceeds to Covid relief in India.

SHIB has risen rapidly in popularity over the past year, reaching an all-time high of $0.00008845 per in October 2021. It's down over 80% since that peak, now trading at $0.00001 per SHIB.

Comparing Shiba Inu vs Dogecoin Tokenomics

DOGE and SHIB are two very different assets when it comes to their tokenomics. This is for a couple of reasons. First, they run on completely different consensus mechanisms, and furthermore, Dogecoin is its own network, while Shiba Inu is an ERC-20 token built on Ethereum.

Dogecoin uses a proof-of-work consensus mechanism, just like Bitcoin, and can therefore be mined. Dogecoin block rewards occur roughly every minute, at which point 10,000 new DOGEs go into circulation. Rather, the SHIB supply is already circulating and no more SHIB will be added to the supply. However, DOGE has a current circulating supply that is one-fifth that of SHIB, meaning it is a much scarcer memecoin.

Second, DOGE transactions are quite cheap compared to SHIB. This is because there is a low transaction cost on the Dogecoin network, while SHIB uses Ethereum as its network, which means it is subject to the notoriously high gas fees that come with ETH. This also means that you must own ETH to transact with SHIB outside of an exchange, as it is the required asset to pay for gas fees. This could change if ETH 2.0 launches successfully.

Comparing Shiba Inu vs Dogecoin Utilities

When it comes to utility, at least at this point, SHIB really comes out ahead. This is because SHIB is a token on a smart contract enabled blockchain on Ethereum and thus inherits all the benefits of smart contracts. In addition to being available on a variety of decentralized exchanges (DEXs), the team behind SHIB has released ShibaSwap, their own DEX. On ShibaSwap, users can stake their SHIB and earn rewards as well as being able to exchange it for any other ERC-20 token. By contrast, there are no smart contracts in Dogecoin, although rumors that they will eventually come started circulating last May without any development since then.

In terms of usage as a payment currency, Dogecoin currently leads the way between the two dogs, as transactions are much cheaper with DOGE than SHIB solely due to the ETH gas fees required to send SHIB. More and more merchants are beginning to accept DOGE as a payment method, giving it additional utility, although there are many other assets that could become the ideal crypto payment method for merchants to accept.

Shiba Inu SHIB vs Dogecoin DOGE Conclusion

The reality of the DOGE vs SHIB debate is that regardless of which is considered a better memecoin, it is still a memecoin. In this sense, the idea that any of the assets is a good investment is pure speculation, since neither brings anything particularly innovative to the cryptocurrency sector.

Rather, they are fun speculative assets that you can buy a lot for very little money, leading to a drive bias for many newcomers. While some people like the idea of ​​buying millions of a coin for the same price as a fraction of Bitcoin, you should probably have more behind your investment strategy than getting a lot of units of something.

While we can debate which is better at the moment, it may be a debate about which was the worst long-term investment. Time will tell.

Just a small update, starting on Monday, Shiba Eternity, the long-awaited Shiba Inu game created by PlaySide Studios, is now available to users on the PlayStore in Australia, before that the game was successfully tested in Vietnam, where developers were forced to increase server capacity fifty times.

https://twitter.com/shibtoken/status/1571887476813209601

Binance reports that it has added SHIB to the list of supported tokens for the Binance card issued in Europe. Now Binance cardholders have the opportunity to pay with SHIB in more than 60 million retail outlets around the world, get cashback up to 8% and zero annual or currency fees.

Source: https://www.binance.com/en/support/announcement/c5156a09aa4e4a9989f3605b3d4885fe?utm_source=Project_SHIB

I am not sure that Shiba is able to surpass Doge in price due to too many tokens, and although the issue of Doge is not limited, but in any case, even taking into account the burning, Shiba will have a huge supply of tokens for a long time and this is a significant limitation.

In the future, I appreciate shiba inu more than dogecoin, shiba is really serious and it wants to become a memecoin with its own ecosystem, plans to create stable coin, participate in NFT, metaverse...It changed my perspective on what a meme coin is and how I look at one. If Shiba can do that, it will surely overtake doge as the top meme coin soon.

Ithink shiba it will be follow the doge the meme coin small information of shiba inu but ibelieve it will be like a doge coin high supply but they reach 0.2$ . Thats why ill still holding my shiba inu

The Shiba Inu team announces a partnership with The Third Floor (TTF), the largest visualization studio known for working on dozens of Marvel blockbusters, which will now help in the construction of the Shiba metaverse project, more details here: https://blog.shibaswap.com/shiba-welcomes-thethirdfloor/

How sure are you about that? You can take Doge as an example, it was nothing until recently when some people decided to start using as a pump and dump. Check the price history and you will see that DOGE has never had any reasonable trend until the one that happened in 2021, plus Elon Musk hyping it as well.

That’s just it, and as for SHIB I feel it was riding on the path that Doge created during its own trend, so many people thought to themselves this is another meme coin and it would do well, so they hopped on it. It’s still new, there is no way we can be certain what would be the outcome in the future. It might fail like others.

So, I was against Shiba before but seeing those Shiba's gains recently you guys posted made me rethink: 'Heh, as long it could bound like this, I could make money from it'. So any advice on the future rally for Shiba or am I too late?

The current market is really affecting every coin, when Bitcoin fall most coins inside are also suffering worse there are many coins that not able to hold and many investors and holders already dumped the assets, it's still possible for Shiba holders to continue but with a high-risk project like Shiba you have to work on your knowledge and the trading strategy to make a good profits with this asset, up and down still normal with high volatile investment.

Shiba inu is a meme coin. Now Total crypto currency market is very down so that All meme coin down now. Some days ago shiba inu and others meme coin like doge was huge hype. I think in future when market will up then all meme coin will up. And also shiba inu will up because shiba inu is very popular now. Future of shiba inu is bright i strongly believe it.

I know what they've been doing lately through burning and promising to release products or things like layer2. But it is fair to say that this period is not appropriate to exaggerate them. The trends taking place are gradually losing momentum, and the purge is happening with the same hype that preceded it. I think now there is a process where the market will gradually remove them from the current position they created. Furthermore, in the general context of the market as a whole, it is fun to think about such a vague future with investor products like this.