Meme tokens are cryptocurrencies created as a form of a joke or a meme’s digital representative. Most meme tokens are known for their outrageous supply. This movement was led by Dogecoin; the pioneer meme token that most copy. Two of the meme tokens that credit their inspiration to Dogecoin are Shiba Inu and Baby Dogecoin.

 Baby Dogecoin is based on Dogecoin and was launched in June 2021. Unlike Dogecoin, it has 420 quadrillions total supply, which has been pre-mined to serve as incentives for holders. It was created independently to implement things, not in Dogecoin, and to serve pet charity purposes. It boasts as a hyper-deflationary token, having implemented coin burning to introduce scarcity, reflection, and liquidity pair acquisition.

 Shiba Inu is the meme token of the Japanese Shiba Inu dog, which was launched anonymously by Ryoshi in August 2020. Unlike many meme tokens, it has an ecosystem that supports its tokens- SHIB, BONE, and LEASH. It was launched on the Ethereum blockchain, and the principal token was issued on the Uniswap exchange. There is a total supply of 1 quadrillion which is used on the ecosystem.

 As of today, the number of people holding BABYDOGE is more than that of SHIB. This can be attributed to the hidden part Elon Musk has been playing in driving the adoption of most meme coins. However, BABYDOGE has no noteworthy use-cases, and as such SHIB is a profitable meme in the long run. Shiba Coffee Shop, Newegg, NOWPayments, and Bigger Entertainment are some of the supporters of the Shiba Inu community burns.

 There are also plans to launch a blockchain and a DEX platform. Likewise, it is close to launching an NFT gaming platform with its partner Playside. Businesses, including AMC Theaters and Newegg, are accepting it as payment. SHIB is worth $0.00003258 right now with a market cap of $17.9 billion, while BABYDOGE costs $0.000000003926 with a market cap of $627.9 million.

 Of the two, SHIB would make a long-term profitable investment. However, it should be noted that meme tokens are far more volatile than most cryptocurrencies. Before you invest, research as deep as you can and deal wisely.

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 Although cloud storage was a great innovation, it lacked backup protection and was controlled by a central authority. However, with blockchain technology, secure, cost-effective, and decentralized storage platforms have been launched. Storj and Filecoin belong to this category of platforms.

 Filecoin was founded in 2017 by Protocol Labs but the mainnet was launched in 2020 to serve as a platform for data storage and retrieval. It uses a proof-of-storage consensus mechanism which is made up of proof of replication and proof of spacetime to validate operations on the network. It occupies the second layer of the Interplanetary File System (IPFS). FIL is used to settle transactions.

 Storj was founded in 2017 by Storj Labs on the Ethereum network as an easy-to-use and affordable cloud storage platform. It makes use of farmers and renters; farmers provide storage space, and renters buy this space from them. Data are stored on the network using a sharding mechanism. STORJ serves utility purposes for payment and rewards.

 While Filecoin can store and distribute data, Storj can only store them. Storj was developed majorly for developers, but Filecoin supports a market for trading raw data. Moreover, Storj promises durable data storage. Of the two, Filecoin is more decentralised; Storj is both centralised and decentralised.

 Both support transactions between their service providers and users. Filecoin is made of a free match market where clients and data providers can freely interact. Whereas, Storj uses a market maker model where clients pay the platform to get their data services. Both don’t charge migration costs; Storj accepts payment directly from users, while Filecoin uses its blockchain to solve service and settlement matters.

 Filecoin uses an EC algorithm, whereas Storj depends on the Ethereum blockchain. In a world continually embracing decentralisation, Filecoin provides decentralised storage services. FIL is worth $23.69 right now with a market cap higher than STORJ with over $3.5 billion, showing that it’s experiencing mainstream adoption.

 While it would make a great investment, you should do proper research before investing. Deal wisely and only invest spare cash.

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 Decentralised exchanges are platforms where users can conduct trades in a permissionless way without any intermediary. DEX tokens are used as governance tokens and for staking. They can be as a store of value. DEXs support the operations of DeFi platforms.

 PancakeSwap and Sushiswap are two of the most popular DEX platforms. They are both forks of Uniswap and are also automated market makers (AMMs). In essence, users provide liquidity pools by using the platform, thereby earning rewards.

 PancakeSwap was developed on Binance Smart Chain by anonymous developers and launched in September 2020. It uses smart contracts to aid the swapping of tokens. Users can swap or exchange their LP tokens for another token. Also, it supports yield farming and staking of tokens. PancakeSwap can be accessed from Metamask, Trust Wallet, Ethereum Wallet, Binance Chain Wallet, and Math Wallet.

 Sushiswap was released on the Ethereum network by Chef Nomi and 0xMaki in August 2020. However, ownership of the platform has been transferred to Sam Bankman-Fried. It can be accessed through Lattice, Coinbase Wallet, WalletConnect, and Metamask. Asides from yield farming and staking of tokens, users can also borrow and lend tokens. It uses the Minimal Initial Sushiswap Offering (MISO) to support the launching of new projects in its ecosystem.

 Due to being forks of Uniswap, they share various similarities. However, the cost of a transaction differs, with users paying 0.2% on PancakeSwap and 0.3% on Sushiswap. Moreover, Sushiswap is more flexible than PancakeSwap. Between the two, PancakeSwap has more traders with a market cap of $2.17 billion to $906.6 million of Sushiswap.

 Likewise, PancakeSwap supports NFTs and lottery in its ecosystem. It also has a separate token for unstaking CAKE. CAKE costs $8.15 right now, and SUSHi sells for $4.7. CAKE is the better DEX token of the two, and with the continuous adoption of the DEX, it will keep growing.

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Key Points :

• Litecoin and Bitcoin cash are two old-school cryptos. 

• Both are heavily correlated to Bitcoin.

• Bitcoin rally could see these LTC and BCH make new highs in 2022.

Litecoin (LTC)

Litecoin is a popular, secure, and innovative cryptocurrency that can be used to make instant payments around the world. It’s also open-source, which means users have access to its source code by themselves. It offers faster transaction confirmation times as well as improved storage efficiency. LTC is the perfect complement or alternative for those leaning more towards shopping online without having an account with any specific retailer. In addition, they offer industry support from major players such as trade volume.

Bitcoin Cash (BCH)

Bitcoin Cash is a cryptocurrency that was created to accommodate blocks of higher capacity than Bitcoin. This allows for more transactions per block, thus making it easier on the network and saving people time when they want their money quickly! The two cryptocurrencies share many technical similarities and use essentially the same consensus mechanism; they have also put themselves on an agreed-upon limit for how many coins will ever exist–21 million each!

Which one is a better buy?

Both Litecoin and Binance coin are old-school cryptos and performed well in the 2017 cryptocurrency bull rally. However, they have since lost the spotlight to new shiny cryptos, especially meme coins and Metaverse cryptocurrencies.

That said they are still among the most fundamentally strong cryptocurrencies, especially in terms of adoption. However, the biggest factor that could help drive their price is a Bitcoin bull market since they are strongly correlated to its price.

So far, the odds seem to be in favour of such a rally in the short term. For instance, in the last few days, Bitcoin has blasted through major resistance at $44k and has been holding up pretty well above it. This could be a signal to a new bull run, one that could see Bitcoin blow past its $69k highs. If that happens, then LTC and BCH could make new highs too.

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Key Points:

• SHIB and DOGE have made millionaires in the past. 

• Their strong communities could see them rally again in 2022. 

• SHIB deflationary nature gives it an edge over DOGE. 

Shiba Inu (SHIB)

Shiba Inu is a cryptocurrency that launched as an alternative to Dogecoin. They are meme coins, which means they have logos and graphics associated with them but serve no real purpose other than being funny or entertaining people online via social media platforms such as Facebook where users post photos on their walls just like you would do when participating in chat rooms back home!

Dogecoin (DOGE)

Dogecoin is a form of digital currency that allows people to exchange funds without relying on third parties such as banks or other financial institutions. Unlike traditional currencies though-such as dollars and euros-, each individual coin has its own unique value based solely on how much time it took for someone else to create them!

First minted back during December 2013 by Billy Markus from Portland Oregon USA., this fun cryptocurrency quickly gained traction among enthusiasts’ thanks largely due its witty logo featuring the popular internet meme known simply “doge”. Today there are over 100 million units already out of circulation.

Which one is a better buy?

Meme coins gave investors crazy returns in 2021. Anyone who had just $100 or more worth of SHIB or DOGE is now wealthy.

As bulls return to the market, these two could still go on to make massive gains, reminiscent of 2020/21. That’s because they now have much bigger communities, and adoption is growing. However, going forward SHIB is likely to pale Dogecoin in gains. That’s because Shiba Inu is deflationary and close to 50% of the total amount in circulation is already burned. Shiba Inu ecosystem is growing, and now includes a DEX (Shibaswap).

On its part, Dogecoin is heavily reliant on Elon Musk, and the Musk effect on it seems to be waning. This gives SHIB a better shot if bulls regain the market.

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