Monat: April 2022

Veröffentlicht am

Dogecoin vs Shiba Inu: Which meme coin is a better buy?

Dogecoin and Shiba Inu are the biggest meme coins in the world. The two have a combined market capitalization of $33.3 billion. This makes them bigger than well-known companies like Carmax, Chegg, Wayfair, Carvana, and SoFi among others. Dogecoin price has crashed by over 81% from its all-time high while Shiba Inu has fallen by over 70%. So, which is a better buy between DOGE and SHIB?

The case for Shiba Inu

There are several reasons why the Shiba Inu price is a better buy than Dogecoin. First, SHIB seems like it is more popular than Dogecoin. Data shows that SHIB is the second most popular cryptocurrency in social media platforms after Bitcoin. It is also one of the most held cryptocurrencies globally. Therefore, there is a likelihood that these users will help push it higher in the future.

Second, and most importantly, Shiba Inu has transitioned from being just a meme coin to a DeFi platform. In 2021, the developers launched ShibaSwap, an all-in-one platform for swapping coins and generating returns through staking and providing liquidity. 

According to the platform, it now has more than $100 million in total value locked (VL). This amount is slightly below that of Cardano, which is a bigger platform with over $300 million. Also, people can mint and trade NFTs in the platform. Therefore, there is a likelihood that this DeFi platform will keep doing well.

Further, Shiba Inu developers have announced plans to launch metaverse tools in a bid to expand its engagement. These initiatives will likely push the Shiba Inu price sharply higher. Most importantly, Shiba Inu holders are more evenly spread.

The case for Dogecoin

On the other hand, there are several reasons why Dogecoin is a better investment than Shiba Inu. First, Dogecoin is viewed as a pioneer in the meme coin industry. As a result, many people believe that it has a better chance for global acceptance than Shiba Inu. They cite the success of Bitcoin to back their case. Consider what Mark Cuban said about DOGE:

“And then you got dogecoin, which is just fun. But the weird part about it [is that] it went from being a cryptocurrency joke to now becoming something that’s becoming a digital currency.”

Further, Dogecoin is promoted by Elon Musk, the richest person in the world. The fact that he holds the coin is seen as a way of validating its existence. However, Shiba Inu advocates see this as a negative catalyst for the coin since he can change his mind.

Therefore, in my view, I see Shiba Inu as being a better investment than Dogecoin because it has expanded its use case.

The post Dogecoin vs Shiba Inu: Which meme coin is a better buy? appeared first on Coin Journal.

Veröffentlicht am

You can buy Shiba Inu, which added a fifth to its value today: here’s where

Shiba Inu Coin

Shiba Inu gained 35% after it was listed on Robinhood, one of the leading trading platforms globally. In addition, the team announced that its land sale on the metaverse is live. The coin gained another 20% today. 

Look no further than this short article for all the details about Shiba Inu: what it is, is it worth investing in, and the best places to buy Shiba Inu now. 

Top places to buy Shiba Inu now

As SHIB is such a new asset, it’s yet to be listed on major exchanges. You can still purchase SHIB using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy SHIB right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for SHIB

Now that you’re connected, you’ll be able to swap for 100s of coins including SHIB.

What is Shiba Inu?

Shiba Inu is an Ethereum-based altcoin that features the Shiba Inu Japanese dog breed. Shiba Inu is widely considered to be an alternative to Dogecoin. Its supporters tout it as “the Dogecoin killer.”

Like Dogecoin, Shiba Inu is a meme coin. It was created in August 2020 by a pseudonymous individual or group called Ryoshi.

According to the white (“woof”) paper, Shiba Inu was conceived of as a cryptocurrency project 100% run by its community. Its founder attributes its origins to an “experiment in decentralized spontaneous community building.” 

According to him, the power of collective decentralization can build something stronger than a centralized team ever could create.

The purpose of the project was to create something out of nothing. It was not founded from a pre-gathered team or an existing community. The love of Shiba Inu dogs also had a lot to do with it.

Should I buy Shiba Inu today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money. 

Shiba Inu price prediction

According to Business2Community, Shiba Inu will reach $0.000030 this year. At the end of 2023, it will trade for $0.000040. Within two years, the Shiba Inu community is expected to grow even more and SHIB will cross $0.0001.   

Shiba Inu on social media

The post You can buy Shiba Inu, which added a fifth to its value today: here’s where appeared first on Coin Journal.

Veröffentlicht am

Here is why Shiba Inu is up by more than 20% today

The cryptocurrency market has slightly recovered from its recent losses, but Shiba Inu is currently outperforming the other coins.

The cryptocurrency market has been underperforming since the start of the week, with Bitcoin briefly dropping below the $40k psychological level. The total cryptocurrency market cap has also dropped to the $1.8 trillion level.

However, the broader crypto market has performed well over the past 24 hours. The total cryptocurrency market cap has increased by less than 1%, while Bitcoin is also trading in the green zone again.

However, SHIB, the native token of the Shiba Inu ecosystem, is the best performer amongst the top 20 cryptocurrencies by market cap. SHIB is up by more than 20% over the past 24 hours, outperforming the other major cryptocurrencies in the process.

The primary catalyst behind this rally is the listing of the meme coin on Robinhood. Robinhood is one of the leading trading platforms globally and has a huge appeal amongst the younger generation. 

Another catalyst is the announcement from the Shiba Inu team that its land sale on the metaverse is now live. To participate in this early access event, users must have LEASH or SHIBOSHI locked and utilize the locking system.

Key levels to watch

The SHIB/USD 4-hour chart is the most bullish amongst the top 20 cryptocurrencies by market cap. 

The MACD line is above the neutral zone, indicating a bullish momentum for Shiba Inu. the 14-day relative strength index of 64 shows that SHIB could soon enter the overbought region if the rally continues.

At press time, SHIB is trading at $0.00002729 per token. In the event of an extended rally, SHIB could break past the $0.0000321 level for the first time since February 2022.

However, Shiba Inu would need the support of the broader cryptocurrency market if it is to trade above $0.000040 for the first time this year. 

The post Here is why Shiba Inu is up by more than 20% today appeared first on Coin Journal.

Veröffentlicht am

Why did Monavale (MONA) price surge by over 50% today?

The price of Monavale (MONA) coin has risen by 50.81% today to trade at $472.75 at the time of writing. The coin has risen by 114.5% over the past month.

In this article, we will focus on what is causing the Monavale price to rally.

What Is Monavale (MONA)?

Monavale is a Creative Commons (CC0) powered by the open Metaverse and Web3 Fashion. It was launched in December 2020. 

Monavale (MONA) is the native token for the DIGITALAX platform and ecosystem which is the leading indie fashion NFT platform that features marketplaces like Metaverse boutique designs, digital fashion, and physical fashion.

DIGITALAX community consists of designers, modders, gamers, developers, and crypto enthusiasts. It also has a team that ensures that the communication flows by maintaining a regular schedule that can be reached from various social networks.

You can also check the platform staking dashboard where users can connect through a Web3 wallet (MetaMask).

Why is Monavale price rising?

There are two main reasons for the current bullish trend of MONA price and they are the CC0 DAO Membership NFTs news and the FUD FAQ release.

1. CC0 DAO Membership NFTs news

One of the main reasons that can be attributed to the current price hike is the news about the CC0 DAO Membership NFTs that will allow users to join the CC0 DAO by purchasing a membership NFT from DIGITALAX or other sale events or even by contributing to DAO through CC0 NFT auction.

2. FUD FAQ release

Yesterday, April 11, the team released a FUD FAQ, where it discussed the future of the NFT market and Web3 as well as highlighted the ongoing events in the industry.

DIGITALAX also released its March transparency report at the end of March giving a summary of the expenditures which showed that the team was well organized when it comes to the management of DAO’s other developments.

Besides, the DIGITALAX project has a staking dashboard, fantastic indie art, DAO governance, and a robust NFT marketplace.

The post Why did Monavale (MONA) price surge by over 50% today? appeared first on Coin Journal.