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Shiba Inu (SHIB) Large Transactions Spike by 300%, Hit $178 Million
Over the last 24 hours, the volume of Shiba Inu (SHIB) large transactions has surged by 300%, reaching a combined $178 million. Notably, the network saw transfers involving 20.2 trillion SHIB.
The spike in large transactions eventually amounted to the equivalent of $178.38 million. This is the highest it has been in the Shiba Inu ecosystem in the last eight months. The big question is, what could this mean for the price of the asset?
Such a significant increase in large transactions has led to a lot of speculation within the SHIB army. Naturally, these transfers have been attributed to whales who are seemingly preparing to make their moves.
#SHIBAINU #ShibaInvestment #shibu
$SHIB
Over the last 24 hours, the volume of Shiba Inu (SHIB) large transactions has surged by 300%, reaching a combined $178 million. Notably, the network saw transfers involving 20.2 trillion SHIB.
The spike in large transactions eventually amounted to the equivalent of $178.38 million. This is the highest it has been in the Shiba Inu ecosystem in the last eight months. The big question is, what could this mean for the price of the asset?
Such a significant increase in large transactions has led to a lot of speculation within the SHIB army. Naturally, these transfers have been attributed to whales who are seemingly preparing to make their moves.
#SHIBAINU #ShibaInvestment #shibu
$SHIB
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everyone keeps saying that $SHIB will exceed USD 1 but it's far from it so I wonder if it's worth investing in tokens such as shibu pepe and the like #TradeNTell #shibu
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No, Shiba Inu (SHIB) Won’t Reach $1 in 2024, but This $0.08 Rival Token Will
The year 2023 was a significant one for the cryptocurrency industry, witnessing tremendous growth as the total market capitalization of all tokens more than doubled from $850 billion to over $1.7 trillion. While cryptocurrencies like Bitcoin (BTC) experienced substantial gains, not all tokens followed suit. Shiba Inu (SHIB), a meme token that garnered attention in 2021, saw a comparatively modest 30% return in 2023. With SHIB still 88% below its all-time high, investors wonder if 2024 holds the potential for it to reach $1. However, the reality might be far from expectations.
The Enormous Supply Challenge
One of the primary obstacles standing in the way of Shiba Inu’s historic rise is its enormous supply. Currently, there are more than 589.3 trillion SHIB tokens in circulation, with each token priced at $0.0000107. This gives Shiba Inu a market capitalization of $6.3 billion. To put it into perspective, if SHIB were to reach $1 per token, its market cap would need to soar to an astronomical $589.3 trillion.For context, the total wealth of every person on Earth was estimated to be $454 trillion at the end of 2022, according to Credit Suisse. In other words, for SHIB to reach $1, its market cap would need to surpass the combined wealth of the entire global population.
Community Efforts to Burn Tokens
To address the challenge posed by its immense supply, the Shiba Inu community has been actively working to reduce the token supply through a process known as “burning.” This involves permanently removing tokens from circulation, making them inaccessible for future use. Token holders can contribute to this effort by sending tokens to a “dead wallet” or participating in various initiatives like streaming a specific music playlist or using the Shiba Search internet search engine. The proceeds from these activities are then directed towards reducing the token supply.
Can Enough Tokens Be Burned in 2024?
The community faces a daunting task if SHIB is to reach $1 in 2024 based on its current market cap. To achieve this, approximately 99.99998% of all SHIB tokens would need to be burned, leaving just 6.3 billion tokens in circulation.Over the past 30 days, the community has burned approximately 34.2 billion tokens. While this is a significant effort, it falls far short of the amount needed to reach the $1 target this year. At the current pace, it would take over 1,437 years to burn all the necessary tokens. In other words, SHIB reaching $1 is a distant dream, projected to materialise in the year 3461.
The Myth of Gaining Wealth Through Burning
Even if one were to live long enough to witness this unlikely scenario, there’s another important point to consider. Burning tokens does not increase the value of Shiba Inu; it simply reduces the supply and, in turn, increases the token’s price by an equivalent amount. In the year 3461, you would have 99.99998% fewer tokens, but they would be worth $1 each, meaning your net position in dollars would remain unchanged.While the idea of SHIB reaching $1 is improbable, there are alternative tokens in the cryptocurrency market with promising potential for significant gains. One such token is Retik Finance (RETIK), which experts predict could experience substantial growth when it launches in Q3 2024.
A More Realistic Alternative: Retik Finance (RETIK)
Retik Finance: Bridging the Gap
Retik Finance aims to revolutionise the global financial landscape through innovative DeFi solutions. With a vision to decentralise the banking sector, Retik Finance offers a comprehensive ecosystem designed to empower individuals and businesses worldwide. Key components of this ecosystem include the Retik Wallet, DeFi Debit Cards, and Retik Pay, providing a seamless fusion of digital and traditional finance. The $RETIK token serves as the backbone of the ecosystem, promoting financial autonomy, governance, and user engagement.By embracing decentralised technologies, Retik Finance addresses the limitations of traditional banking systems, offering enhanced security, accessibility, and privacy while facilitating cross-border transactions. This abstract highlights Retik Finance’s pivotal role in reshaping the future of global finance, fostering a more inclusive, transparent, and efficient financial landscape for the years ahead.
Conclusion
While Shiba Inu’s quest to reach $1 in 2024 appears implausible due to its massive supply and the slow pace of token burning, the cryptocurrency market continues to offer opportunities for investors seeking substantial gains. Tokens like Retik Finance (RETIK) hold promise, with experts predicting significant growth upon its launch in Q3 2024. As cryptocurrencies reshape the financial landscape, innovative projects like Retik Finance are poised to play a pivotal role in creating a more accessible, transparent, and equitable global economy, bridging the divide between traditional and digital finance. Investors should keep an eye on such projects as they navigate the ever-evolving cryptocurrency market.
Click Here To Take Part In Retik Finance Presale
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com
Whitepaper: https://retik.com/retik-whitepaper.pdf
Linktree: https://linktr.ee/retikfinance
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.
The Enormous Supply Challenge
One of the primary obstacles standing in the way of Shiba Inu’s historic rise is its enormous supply. Currently, there are more than 589.3 trillion SHIB tokens in circulation, with each token priced at $0.0000107. This gives Shiba Inu a market capitalization of $6.3 billion. To put it into perspective, if SHIB were to reach $1 per token, its market cap would need to soar to an astronomical $589.3 trillion.For context, the total wealth of every person on Earth was estimated to be $454 trillion at the end of 2022, according to Credit Suisse. In other words, for SHIB to reach $1, its market cap would need to surpass the combined wealth of the entire global population.
Community Efforts to Burn Tokens
To address the challenge posed by its immense supply, the Shiba Inu community has been actively working to reduce the token supply through a process known as “burning.” This involves permanently removing tokens from circulation, making them inaccessible for future use. Token holders can contribute to this effort by sending tokens to a “dead wallet” or participating in various initiatives like streaming a specific music playlist or using the Shiba Search internet search engine. The proceeds from these activities are then directed towards reducing the token supply.
Can Enough Tokens Be Burned in 2024?
The community faces a daunting task if SHIB is to reach $1 in 2024 based on its current market cap. To achieve this, approximately 99.99998% of all SHIB tokens would need to be burned, leaving just 6.3 billion tokens in circulation.Over the past 30 days, the community has burned approximately 34.2 billion tokens. While this is a significant effort, it falls far short of the amount needed to reach the $1 target this year. At the current pace, it would take over 1,437 years to burn all the necessary tokens. In other words, SHIB reaching $1 is a distant dream, projected to materialise in the year 3461.
The Myth of Gaining Wealth Through Burning
Even if one were to live long enough to witness this unlikely scenario, there’s another important point to consider. Burning tokens does not increase the value of Shiba Inu; it simply reduces the supply and, in turn, increases the token’s price by an equivalent amount. In the year 3461, you would have 99.99998% fewer tokens, but they would be worth $1 each, meaning your net position in dollars would remain unchanged.While the idea of SHIB reaching $1 is improbable, there are alternative tokens in the cryptocurrency market with promising potential for significant gains. One such token is Retik Finance (RETIK), which experts predict could experience substantial growth when it launches in Q3 2024.
A More Realistic Alternative: Retik Finance (RETIK)
Retik Finance: Bridging the Gap
Retik Finance aims to revolutionise the global financial landscape through innovative DeFi solutions. With a vision to decentralise the banking sector, Retik Finance offers a comprehensive ecosystem designed to empower individuals and businesses worldwide. Key components of this ecosystem include the Retik Wallet, DeFi Debit Cards, and Retik Pay, providing a seamless fusion of digital and traditional finance. The $RETIK token serves as the backbone of the ecosystem, promoting financial autonomy, governance, and user engagement.By embracing decentralised technologies, Retik Finance addresses the limitations of traditional banking systems, offering enhanced security, accessibility, and privacy while facilitating cross-border transactions. This abstract highlights Retik Finance’s pivotal role in reshaping the future of global finance, fostering a more inclusive, transparent, and efficient financial landscape for the years ahead.
Conclusion
While Shiba Inu’s quest to reach $1 in 2024 appears implausible due to its massive supply and the slow pace of token burning, the cryptocurrency market continues to offer opportunities for investors seeking substantial gains. Tokens like Retik Finance (RETIK) hold promise, with experts predicting significant growth upon its launch in Q3 2024. As cryptocurrencies reshape the financial landscape, innovative projects like Retik Finance are poised to play a pivotal role in creating a more accessible, transparent, and equitable global economy, bridging the divide between traditional and digital finance. Investors should keep an eye on such projects as they navigate the ever-evolving cryptocurrency market.
Click Here To Take Part In Retik Finance Presale
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com
Whitepaper: https://retik.com/retik-whitepaper.pdf
Linktree: https://linktr.ee/retikfinance
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.
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shibu getting ready to jump #shibu #ShibaInuInWeb3
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Crypto Ahmet
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Bullish
🐋😱Shiba Inu Prepares for Ascension Trajectory as Whales Relock Shiba for the Long Term
The well-known market intelligence platform Santiment highlighted Shiba Inu as a token to be considered when whales were withdrawing cryptocurrencies from exchanges in the midst of a slowly developing crypto bull market.
In a recent tweet, Santiment highlighted the growing momentum in the altcoin market, where tokens such as Solana (SOL) and Cardano (ADA) have posted surprising rises towards new Year's highs.
In particular, Centiment noted that the ADA has recently exceeded $ 0.65, which is a point that has not been seen for the last 17 months. In addition, Solana is on its way to $100, having grown by over 400% in less than four months.
Amid this laudable trend, Centiment weighed in on the emerging positive signs that point to a similar Shiba Inu uptrend on the horizon.
🎉 Altcoins are on the rise once again; $ADA is currently above $0.65 and $SOL is surprisingly approaching $100. But pay attention to $ETH, $SHIB, $FET and $DENT. All of these four assets see the respective top 10 exchange wallets move cryptocurrencies away from exchanges;
(Continued) 👇
- Santiment (Santiment ) December 22, 2023
Reasons to Watch Shiba Inu
In the update, Santiment, one of the crypto market participants Ethereum (ETH), Shiba Inu (SHIB), Fetch.ai He asked (FET) and Dent (DENT) to "keep an eye" on him. According to the intelligence platform, these four entities stand out due to the ongoing movement of coins from the whales.
He noted that there were significant withdrawals in the wallets of the top 10 exchanges, especially those where digital assets are concentrated. This trend means that large owners, namely whales, are transferring their assets from exchanges to private wallets for potentially long-term retention.
Santiment underlined that such a trend is historically considered a bullish indicator, as whales traditionally move tokens to exchanges for sale.
#ShibaInu #Binance #Memecoins
The well-known market intelligence platform Santiment highlighted Shiba Inu as a token to be considered when whales were withdrawing cryptocurrencies from exchanges in the midst of a slowly developing crypto bull market.
In a recent tweet, Santiment highlighted the growing momentum in the altcoin market, where tokens such as Solana (SOL) and Cardano (ADA) have posted surprising rises towards new Year's highs.
In particular, Centiment noted that the ADA has recently exceeded $ 0.65, which is a point that has not been seen for the last 17 months. In addition, Solana is on its way to $100, having grown by over 400% in less than four months.
Amid this laudable trend, Centiment weighed in on the emerging positive signs that point to a similar Shiba Inu uptrend on the horizon.
🎉 Altcoins are on the rise once again; $ADA is currently above $0.65 and $SOL is surprisingly approaching $100. But pay attention to $ETH, $SHIB, $FET and $DENT. All of these four assets see the respective top 10 exchange wallets move cryptocurrencies away from exchanges;
(Continued) 👇
- Santiment (Santiment ) December 22, 2023
Reasons to Watch Shiba Inu
In the update, Santiment, one of the crypto market participants Ethereum (ETH), Shiba Inu (SHIB), Fetch.ai He asked (FET) and Dent (DENT) to "keep an eye" on him. According to the intelligence platform, these four entities stand out due to the ongoing movement of coins from the whales.
He noted that there were significant withdrawals in the wallets of the top 10 exchanges, especially those where digital assets are concentrated. This trend means that large owners, namely whales, are transferring their assets from exchanges to private wallets for potentially long-term retention.
Santiment underlined that such a trend is historically considered a bullish indicator, as whales traditionally move tokens to exchanges for sale.
#ShibaInu #Binance #Memecoins
MiCA STABLECOIN RULE COMPLIANCE IMPACT FOR EEA USERS!
Ok, this is qiet confusing. Looks like MiCA, in an attempt to protect it's EU citizens is also heavily restricting them from making money.
So far, the rules to come suggest there will be no trading whatsoever in what MiCA considers "Unauthorised coins". But what are the unauthorised coins and which are exactly the "Stable Coins" according to MiCA? . So far Binance hasn't clarified on which it considers "Unauthorised coins" either. Does it perhaps mean Binance users from the EEA won't trade in coins like #Not coin, #shibu inu, #Pepe etc?
Can anyone clarify exaxtly which coins shall be unavailable to EEA users?
Ok, this is qiet confusing. Looks like MiCA, in an attempt to protect it's EU citizens is also heavily restricting them from making money.
So far, the rules to come suggest there will be no trading whatsoever in what MiCA considers "Unauthorised coins". But what are the unauthorised coins and which are exactly the "Stable Coins" according to MiCA? . So far Binance hasn't clarified on which it considers "Unauthorised coins" either. Does it perhaps mean Binance users from the EEA won't trade in coins like #Not coin, #shibu inu, #Pepe etc?
Can anyone clarify exaxtly which coins shall be unavailable to EEA users?
#shibu #BTTC #Hot
Announcement ccording to Chatgpt following coin will pump. shibu
He placed the artificial intelligence chatbot Shiba Inu ($SHIB ) at the top of the list. ChatGPT suggested that the investor allocate a capital of $ 300 to the dog-themed token for a chance to get a big return.
At the current price of $0.00002512, a $300 investment in Shiba Inu today will yield 11,942,675 (11.94 million) SHIB tokens.
According to CHATGPT, the reason why SHIB was chosen is that Shiba Inu has a strong community and has high liquidity. Another reason why CHATGPT chose Shiba Inu as a suitable investment opportunity is the growth potential of SHIB based on Sunday trends and community activities.
Holo (#HOT )
Holo ($HOT ) is the second recommendation on CHATGPT's list of crypto assets under $0.01 for an investment of $1,000. For context, Holo is an ERC-20 token that can be used for the upcoming HoloFuel token, which will be used to pay for the costs of services within the Holochain. ChatGPT advised him to invest $250 of the $1,000 capital in HOT.
At the current price of $0.00228, a $250 investment in Holo today will give 109,649 HOT tokens.
The reason behind the selection of HOT is that the entity offers a new approach to decentralized applications with an emphasis on scalability and data integrity.
#BitTorrent (BTT)
launched in 2001, BitTorrent is a decentralized data sharing platform. In 2018, Tron acquired BitTorrent, which strengthened its decentralization. ChatGPT highlighted that BitTorrent's native token $BTTC is the third altcoin below $ 0.01, which is suitable for an investor with a capital of $ 1,000.
The chatbot advised the investor to commit $200 of the $1,000 capital. This $200 investment will bring 163,666,121 (163.66 million) BTT tokens at the current price of $0.000001222 per token.
The choice of BTT is due to its integration with the Tron blockchain and its usefulness in the decentralized file sharing sector. It is currently 73rd with a market capitalization of $ 1.18 billion. it is ranked as the largest cryptocurrency
Announcement ccording to Chatgpt following coin will pump. shibu
He placed the artificial intelligence chatbot Shiba Inu ($SHIB ) at the top of the list. ChatGPT suggested that the investor allocate a capital of $ 300 to the dog-themed token for a chance to get a big return.
At the current price of $0.00002512, a $300 investment in Shiba Inu today will yield 11,942,675 (11.94 million) SHIB tokens.
According to CHATGPT, the reason why SHIB was chosen is that Shiba Inu has a strong community and has high liquidity. Another reason why CHATGPT chose Shiba Inu as a suitable investment opportunity is the growth potential of SHIB based on Sunday trends and community activities.
Holo (#HOT )
Holo ($HOT ) is the second recommendation on CHATGPT's list of crypto assets under $0.01 for an investment of $1,000. For context, Holo is an ERC-20 token that can be used for the upcoming HoloFuel token, which will be used to pay for the costs of services within the Holochain. ChatGPT advised him to invest $250 of the $1,000 capital in HOT.
At the current price of $0.00228, a $250 investment in Holo today will give 109,649 HOT tokens.
The reason behind the selection of HOT is that the entity offers a new approach to decentralized applications with an emphasis on scalability and data integrity.
#BitTorrent (BTT)
launched in 2001, BitTorrent is a decentralized data sharing platform. In 2018, Tron acquired BitTorrent, which strengthened its decentralization. ChatGPT highlighted that BitTorrent's native token $BTTC is the third altcoin below $ 0.01, which is suitable for an investor with a capital of $ 1,000.
The chatbot advised the investor to commit $200 of the $1,000 capital. This $200 investment will bring 163,666,121 (163.66 million) BTT tokens at the current price of $0.000001222 per token.
The choice of BTT is due to its integration with the Tron blockchain and its usefulness in the decentralized file sharing sector. It is currently 73rd with a market capitalization of $ 1.18 billion. it is ranked as the largest cryptocurrency
Dogecoin prospects 🐶
Dogecoin is a cryptocurrency that was created in 2013 as a joke based on the popular Shiba Inu dog meme. Since then, Dogecoin has grown into one of the most well-known and beloved cryptocurrencies, thanks to its fun and friendly community that often hosts charity events and supports other projects. Dogecoin has also attracted the attention of celebrities such as Elon Musk, who often tweets about it and calls it his favorite cryptocurrency.But what are the prospects for Dogecoin in the future? will it be able to reach the price of 1 dollar, as many of its fans dream of? and what changes await the coin, if any? let's try to figure this out.Dogecoin price forecastPredicting the price of a cryptocurrency is a difficult and thankless task that depends on many factors, such as supply and demand, technical analysis, news and events, regulation and competition. Therefore, no forecast can be considered final or accurate, but only represents a possible development scenario.One of the sources that provide Dogecoin price predictions is coindataflow, which uses an experimental method based on analysis of market capitalization and trading volume. according to this method, the price of dogecoin is expected to increase by 1169.89% to $0.868606 in 2029 if everything goes well. This means that to reach a price of $1, Dogecoin must rise by another 15.14%. However, this forecast does not take into account many other factors that can affect price, such as competition, innovation, regulation, etc.Another source that offers dogecoin price predictions is changelly, which is based on technical analysis and expert opinions. According to this site, the dogecoin price forecast for 2031 is $2.21, which means the coin will surpass the $1 target. however, this forecast also does not guarantee that this will happen, as it is subject to many assumptions and uncertainties.Thus, we can say that the price of Dogecoin at 1 dollar is a possible, but not a mandatory outcome, which depends on many variables. To achieve this goal, Dogecoin must demonstrate its sustainability, security, innovation and attractiveness to investors and users.Changes that await DogecoinDogecoin is one of the oldest cryptocurrencies that has not undergone significant changes since its creation. Dogecoin is powered by the scrypt algorithm, which allows you to mine coins quickly and easily. However, this algorithm also has its disadvantages such as low efficiency, high power consumption, and vulnerability to 51% attacks. In addition, dogecoin has an unlimited supply, which means that 5.256 billion new coins enter circulation every year. This can lead to inflation and a decrease in the value of the coin.In order to improve its competitiveness and attract new users, Dogecoin may consider implementing some changes to its protocol. for example, Dogecoin could switch to a more modern and efficient algorithm, such as proof-of-stake (pos) or proof-of-authority (poa), which would reduce energy costs and increase network security. Dogecoin could also limit its supply or introduce a coin burning mechanism, which would reduce the number of coins available and increase their scarcity. In addition, Dogecoin can develop its ecosystem by adding new features and capabilities such as smart contracts, decentralized applications, nft, etc.However, these changes cannot be made without the consent and support of the Dogecoin community, which can be conservative and traditional. Also, these changes may require a large amount of time, resources and effort, which may not be available to Dogecoin developers who work on a voluntary basis. therefore, it is unknown whether these changes will be implemented and how they will affect the future of Dogecoin.Dogecoin prospectsDogecoin is a unique cryptocurrency that has its own strengths and weaknesses. On the one hand, Dogecoin has enormous popularity, a loyal and active community, high liquidity and availability on many platforms. on the other hand, Dogecoin faces stiff competition, technical limitations, low innovation and market unpredictability.Overall, it can be said that Dogecoin's prospects depend on how it can adapt to the changing conditions and needs of the crypto industry, as well as how it can maintain the spirit and character that make it unique and attractive. Dogecoin is not just a cryptocurrency, but a cultural phenomenon that unites millions of people around the world around the idea of fun, generosity and optimism. Dogecoin is a symbol that the crypto industry can not only be serious and complex, but also light and fun.In conclusion, we can say that Dogecoin is a cryptocurrency with great potential and promise, but also with great challenges and risks. A Dogecoin price of $1 is a possible but not guaranteed target and depends on many factors. The changes coming to Dogecoin may improve its technical specifications and functionality, but may also affect its identity and community. Dogecoin's prospects depend on how it can adapt to the changing conditions and needs of the crypto industry, as well as how it can maintain the spirit and character that make it unique and attractive. Dogecoin is a cryptocurrency that can make the world a better place if we believe in it and support it. Dogecoin is not just a cryptocurrency, but a cultural phenomenon that unites millions of people around the world around the idea of fun, generosity and optimism. Dogecoin is a symbol that the crypto industry can not only be serious and complex, but also light and fun.Did you like the article? Please like and comment. As a thank you, I will be glad to donate. Bonus: total donations for this post are at least $15+ and I'm releasing comparisons of Shiba inu 🐶 vs Dogecoin🐕. After donating, write which side you are on!#Doge #Dogecoin #shibu #Shibarium
Shiba Inu ⚔️ Dogecoin
Shiba inu or Dogecoin: who will win the battle of memetic coins?Shiba inu and Dogecoin are two of the most famous and popular memetic cryptocurrencies, which are both inspired by the image of the Shiba Inu dog breed. Both of these coins have their fans and critics, as well as their advantages and disadvantages. In this article we will try to determine which one is better and why.To compare shiba inu and Dogecoin we will consider the following parameters:- history and purpose- technology and ecosystem- price and market capitalization- prospects and risksHistory and purposeShiba inu was created in August 2020 by an anonymous developer under the pseudonym Ryoshi. His goal was to create a competitor to Dogecoin, which was called the "Dogecoin killer". Shiba inu was launched as an erc-20 token on the Ethereum Blockchain and had an initial issuance limit of 1 quadrillion tokens. Of these, 50% were sent to ethereum founder Vitalik Buterin, who burned 90% of them and donated the remaining 10% to the fight against covid-19 in India. The remaining 50% was pledged and locked on the decentralized exchange uniswap.Dogecoin was created in December 2013 by two programmers, Billy Marcus and Jackson Palmer. Their goal was to make a joke of the seriousness of the Bitcoin community and create a light-hearted and fun cryptocurrency. Dogecoin was based on the bitcoin code, but with some changes, such as the use of a proof-of-work consensus algorithm based on scrypt, reducing block generation time to one minute and no emission limit. Dogecoin quickly became popular due to its memetic nature, celebrity endorsements, and humanitarian causes.Technology and ecosystemShiba inu is a token on the ethereum Blockchain, which gives it the benefits of security, reliability and the ability to use smart contracts. However, this also means that shiba inu is subject to high transaction fees and congestion on the ethereum network. To solve these problems, Shiba Inu plans to launch its own second-layer blockchain called Shibarium, which will be more scalable, cheaper and compatible with ethereum. In addition, Shiba Inu is developing its ecosystem, which includes the decentralized exchange shibswap, the nft shiboshis collection and the rocket pond metaverse.Dogecoin is an independent cryptocurrency that uses its own blockchain based on Bitcoin. This gives it the advantages of simplicity, stability and widespread use. however, this also means that dogecoin has limited capabilities compared to more advanced blockchains such as ethereum. Dogecoin does not support smart contracts, decentralized applications or nfts. To solve these problems, Dogecoin plans to integrate with the ethereum blockchain through a bridge called dogethereum, which will allow token exchange and use of ethereum features.Price and market capitalizationShiba Inu and Dogecoin have a very low unit price as both coins have a huge number of tokens in circulation. at the time of writing this article, the price of Shiba Inu is $0.0000032 and the price of Dogecoin is $0.16. However, when comparing market capitalization, Dogecoin is significantly ahead of Shiba Inu. Dogecoin's market capitalization is $21.3 billion, and shiba inu's market capitalization is $17.8 billion. this means that dogecoin has more trust and acceptance in the market than Shiba Inu.Prospects and risksShiba Inu and Dogecoin have their own prospects and risks that need to be taken into account when choosing between them. Shiba Inu has the potential to grow through its innovative technology, ecosystem development and vibrant community. However, shiba inu also has risks associated with high volatility, competition with other memetic coins, and regulatory uncertainty. dogecoin has the potential to grow due to its popularity, celebrity endorsements, and integration with ethereum. However, Dogecoin also has risks associated with low security, lack of development, and reliance on speculation.ConclusionAfter comparing Shiba Inu and Dogecoin on various parameters, we can conclude that Shiba Inu is better than Dogecoin. Shiba Inu has more modern and forward-looking technology, a more diverse and vibrant ecosystem, and higher potential for growth. Dogecoin, although having a large market capitalization and popularity, suffers from outdated and limited technology, lack of development, and volatility. So if you want to choose between Shiba Inu and Dogecoin, then Shiba Inu will be a more reasonable and profitable option.If you liked this article, please leave a reaction and you can leave a tip. So I will understand that you agree with the article and you are interested in it, and in my own I will make articles on this topic.#Shiba #shibu #Shibarium #Dogecoin #Doge
The FOMO effect in #Crypto currency
The "FOMO" (Fear of Missing Out) effect in cryptocurrency refers to the emotional response investors feel when they perceive that others are profiting from a rising asset and fear they will miss out on potential gains if they don't act quickly. In the context of crypto, this phenomenon can lead to impulsive buying, often at high prices, as people scramble to invest in an asset that's skyrocketing.
Here’s how the FOMO effect plays out in crypto markets:
1. Hype and Media Attention: Positive news, viral stories, or social media buzz can lead to a surge in interest around a particular cryptocurrency, even when there is little change in its fundamental value.
2. Rapid Price Increases: As more people buy due to FOMO, the price of the asset rises further. This can create a feedback loop where rising prices attract more buyers, driving the price even higher.
3. Late Entrants: Investors who act based on FOMO often enter the market during the later stages of a rally when prices are near their peak. If the market corrects or crashes, these late entrants may suffer significant losses.
4. Volatility: FOMO can cause extreme market volatility. Prices may rise quickly due to hype and then drop just as fast once the excitement fades, as people begin selling to lock in profits or cut losses.
FOMO is a psychological force that affects even seasoned investors, but it is particularly strong in volatile and speculative markets like cryptocurrencies, where prices can swing dramatically in a short period. Managing emotions, doing thorough research, and setting clear investment goals are key to avoiding the negative consequences of FOMO..
The list goes on .....
$BIFI
$SOL
$BNB
#etherreum
#BTC☀
#litecoin
#shibu
#dogs
Here’s how the FOMO effect plays out in crypto markets:
1. Hype and Media Attention: Positive news, viral stories, or social media buzz can lead to a surge in interest around a particular cryptocurrency, even when there is little change in its fundamental value.
2. Rapid Price Increases: As more people buy due to FOMO, the price of the asset rises further. This can create a feedback loop where rising prices attract more buyers, driving the price even higher.
3. Late Entrants: Investors who act based on FOMO often enter the market during the later stages of a rally when prices are near their peak. If the market corrects or crashes, these late entrants may suffer significant losses.
4. Volatility: FOMO can cause extreme market volatility. Prices may rise quickly due to hype and then drop just as fast once the excitement fades, as people begin selling to lock in profits or cut losses.
FOMO is a psychological force that affects even seasoned investors, but it is particularly strong in volatile and speculative markets like cryptocurrencies, where prices can swing dramatically in a short period. Managing emotions, doing thorough research, and setting clear investment goals are key to avoiding the negative consequences of FOMO..
The list goes on .....
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