Shiba inu coin leading the transaction volume and surpassing dogecoin - The Comprehensive Minds

Shiba inu coin leading the transaction volume and surpassing dogecoin

Shiba Inu coin leading the transaction volume and surpassing dogecoin!! Token price prediction 2021


Shiba Inu coin


The Shiba Inu coin is the most talked-about cryptocurrency in 2021. The dogecoin-inspired meme token was launched in August 2020 but is right now surpassing the dogecoin that was launched in 2013. A major number of investors believe that the shib token can hit $0.10 in the next few years, but there is something that will need to be done before it happens. 


Is very comfortable to see your assets increase day after day, and shib investors are optimistic that they will make a good profit when the coin hits $0.10. There are things that will surprise you, the Shiba token is breaking records day after day and investors believe that this is no more a meme coin. So, in this article, I will explain to you how Shiba Inu is surpassing dogecoin


Why do you need to enter the Shiba world before it happens? Also, I will explain the recent news related to the Robinhood wallet and the Shiba Inu token.  


Shiba Inu coin vs dogecoin in terms of functionality. Is there any dogecoin with solid foundations?


Investors who purchase bitcoin and other cryptocurrencies hoping to alter the current financial system frequently ask this question. Each block of Doge generates 10,000 new coins, and it takes about a minute to fill one block. Due to this increase in total supply, the previous repetitive pumping is no longer feasible. 


On the other hand, Shiba Inu does not use a Proof-of-Work protocol. It's an ERC-20 token that focuses on Proof-of-Stake and doesn't create any new coins. After Vitalik Buterin sold off half of the total supply of SHIB tokens, there are now approximately 394 trillion tokens available on the market. 


However, tokenomics suggest that SHIB may have better profitability chances for new investors, as no new coins are introduced into circulation. Community support for dogecoin and Shiba Inu. People are drawn to Shiba Inu due to influencer hype, passive income from staking and worry about being left behind in Dogecoin's gold rush. For the longest time, Dogecoin was seen as a joke and treated as such. 


This coin's community is primarily concerned with two things: the coin's ability to remain relevant for an extended period of time, and the fact that it is the 10th-cheapest coin in the top 10. As a result, it's very speculative and focused on retail. That being said, the community has grown significantly in the last year as a result of celebrity promotion, which we will examine in greater detail in the following chapter. 


celebrity promotion


Shiba Inu was virtually unknown a year ago, and it only gained traction as a second-chance investment opportunity after Dogecoin's meteoric rise. Compared to dogecoin, the shib token has grown more than 12000000%, and the Shiba Inu coin has reached its All-Time High on May 10, 2021, by hitting $0.0000388. 


The shib token plan to keep rising and reach again its all-time high price. Despite its supply, the shib token has some difficulty reaching its desired price of $0.10. But plans to burn trillion tokens are on the way and we believe that will happen soon. Shiba Inu coin surpassing dogecoin.

 

Now let's talk about this big achievement that Shiba Inu coins have reached. 


According to the Shiba Inu developer, Shibplans to surpassing the value of dogecoin without hitting $0.10. The shib token is so popular that it is the most talked-about cryptocurrency in 2021. In January and February of 2021, dogecoin saw its value rising to $0.79, and lots of people who invested in the coin in 2013, made lots of millions. 


But took 7 years to see its rising in popularity, and in trusted assets among investors. Dogecoin and Shiba are community-driven projects, so it means that they need support from the community to keep surviving. 


If you check the dogecoin social media accounts, you will see that on Twitter, the coin has 2000100 followers and the Shiba Inu has attracted so far 936000 followers, in less than a year the shib community is ready to cross 1 million. To reach this number, dogecoin took 7 years and Shiba Inu will reach in less than 2 years. 


If you check on the coin market cap, shib tokens have 1,147,520 watchlists and dogecoin has 1,149,951 watchlists. This is a huge increase for Shiba Inu and shows that a lot of people are watching these tokens. 


A lot of Shiba Inu investors are people who never invested before in cryptocurrencies and they started with the Shiba Inu coin. The token drove millions of investors to the cryptocurrency world. In just four months, the global crypto popularity grew from 100 million to 200 million thanks to the adoption of altcoins in January and February, and May. 


Compared to dogecoin, in less than a year, Shiba Inu tokens have their own exchange platform named Shibaswap. As of July 2021, the much-anticipated ShibaSwap platform is live and offers a wide range of features. 


By using the Dig feature, users can exchange BONES for liquidity on the DEX. Over the long term, investing in any of these pools can earn a significant return, but 66% of that return is locked in for a period of six months. 


Due to these restrictions, stakers will be less likely to immediately sell off large portions of their newly acquired tokens, which should help keep the price of the asset higher. 



Shiba Inu phase 2


Now the coin is planning to create its own blockchain, according to the recent developer announcement of Shiba Inu phase 2. no one expected that the coin could be listed on coinbase pro, and right now the coin is ready to be listed on the Robinhood platform. 


Compared to other petitions, related to cryptocurrency and Robinhood, Shiba Inu has so far more than 193000 signatures asking Robinhoodto list Shiba inu tokens on their exchange platform. The coin is now available on major exchange platforms. 


Why do you need to invest in Shiba Inu before November 2021? 


The Shiba Inu coin, as you know, has big plans to burn a lot of tokens, and we believe that this will happen soon. Big plans are coming to take the coin to the moon. No one expected that the coin could be listed on coinbase pro. 


And right now, the coin is being traded on one of the most known crypto exchange platforms. More coin burns are likely in the near future, so traders should be on the lookout. Less is definitely more in the dynamic between supply and value. Shiba Inu tokens have the potential to go to the moon. 


However, if you're not interested in making quick money, you might want to think about holding SHIB as an inflation-hedging investment. With the developers' support, you'll be able to keep the supply under control. So with the coin burn, we can reach big numbers and all investors can see good profit in the near future. 


Also Read: Whether the Shiba Inu coin is a good buy or a bad buy?- Explained


What we expect right now, is to see Shibainu grow 20% every month and in 2025 we will see the price of the token hit $0.10. shib is very cheap right now and with little investment, you can own millions of tokens, with less than $100 you can add to your crypto portfolio more than 10000000 tokens. 


With the upcoming launch of the Shiba Inu blockchain, the developers will have more control of the supply, and possibly it will help on the token rise. So, this is the right time to invest in Shibainu tokens. The number of people downloading the Robinhood app has fallen by 78% since it was first released. At the beginning of the year, a lot of people were using the Robinhood app. 


However, according to JP Morgan, the app downloads have all but stopped working. According to analysts, this could result in a decline in the company's stock price. According to the analyzes, dogecoin has influenced its massive downloads. 


Del Crxpto claims that Shiba Inu can double it as soon as they list the coin on the upcoming wallet. The massive meme coin adoption is taking the crypto market cap to reach massive investors. We know that it is very expensive to invest in bitcoin, but you can invest in meme coins like dogecoin or Shiba Inu and hope to see a good return of investment in a few years. 


So, people who do not have millions to build a good portfolio of crypto assets, have the opportunity to invest in Shiba Inu coins. what do you think about the future of Shibainu? Will the coin keep rising? Right now, the coin is being traded at $0.0000128,with a trading volume of $6,418,882,655, with a market cap of $5,150,246,398. 


After a 48 percent rise in the previous day, the cryptocurrency market was taken by surprise once more. The token's price was $0.00001364 on Tuesday, with a market cap of $5,150,246,398; this represents a rise of 49% since Monday. 


All major cryptocurrency market prices remained in the red on Monday, with only a slight increase in the prices of the other coins in the mix. What is causing the price of Shiba Inu to rise? The cryptocurrency market is highly volatile and unpredictable, and cryptocurrencies that don't deserve to be at the top of the heap frequently find themselves there for no apparent reason. 



'Floki, on Twitter


However, a tweet from Tesla CEO and Dogecoin investor Elon Musk sparked a new surge in the value of the coin. Earlier, the price of Shiba Inu soared after Elon Musk posted a picture of his new pet dog, dubbed 'Floki,' on Twitter. To celebrate the new image of the Floki Frunk puppy that Musk shared on Twitter on Monday, the price of the token shot up by more than 20 percent. 


This is a massive gain for Shiba Inu during the last 24 hours, we hope it keeps rising. With Bitcoin attempting to break through a psychological level of $50,000 on Tuesday morning, the cryptocurrency market is positive. 


On Monday, the coin gained strength, rising by over 15% in the previous week. The price of altcoins, as they're known, was mixed today. The Ethereum blockchain's native coin, Ether, has seen a more than one percent increase in value. 


It has also increased by more than 17% in the last week. Binance Coin, the third-largest cryptocurrency by market capitalization, is up by over 2.6%. After falling to the fourth spot on the list a week ago, Cardano was trading just below the flat line. 


To get to the sixth spot, Solana has risen over 2% in Tuesday's trading. Dogecoin, on the other hand, has outperformed even Bitcoin, rising over 10% in value in just the past 24 hours.  

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