Shiba Inu Is Outperforming Bitcoin in 2024, and It’s Not Even Close But Does That Make It a Buy? The Motley Fool

Posted by on Feb 21, 2023 in FinTech

The project has carefully structured the distribution of its $SHIBASHOOT tokens to support its long-term sustainability and growth. Regular “Campfire Story” sessions offer a space for community members to share their experiences and insights about the crypto and meme coin space, promoting connections and knowledge exchange. Additionally, decentralized governance through “Token Governance Roundups” enables users to influence key project decisions, enhancing their sense of ownership and participation. Meme coins have carved out a unique niche, capturing the imagination of investors with their ability to skyrocket in value driven by hype and community enthusiasm. Among the most notable meme coins are Dogecoin, Shiba Inu, and Pepe, which have garnered significant attention and delivered substantial rewards to early investors. However, a new contender has emerged, poised to challenge the status quo – Shiba Shootout (SHIBASHOOT).

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Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3. What other asset in the history of free market capitalism has given its earliest investors a seventeen million percent return in just fifteen months? The meme coin continues to expand its utility with a move into the metaverse. Some trades have become the stuff of investing legend, such as George Soros’ wager against the British pound in 1991 or the short subprime mortgages trade by John Paulson from 2007 to 2009. In terms of sheer percentage gains, a purported trade in Shiba Inu by an unknown trader puts even those legendary trades in the shade.

Over the weekend, Based Brett became the first meme coin on Base to reach a $1 billion market capitalization.

With over 9.9 billion coins already sold, investor interest in BlockDAG is soaring. The presale is expected to sell out soon, solidifying BlockDAG’s status as a top trending crypto. By adopting Shiba Inu, Trump aims to broaden his campaign’s funding sources and engage the crypto community. This strategic decision sets his campaign apart from Democratic figures like President Biden and Senator Warren, who have generally shown skepticism towards cryptocurrencies. Trump’s integration of Shiba Inu and other digital currencies positions his campaign as innovative and open to financial advancements. The amount of BONE tokens you can earn is proportional to the amount of liquidity you provide to the pool.

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Since the woofpaper’s release, the Shiba Inu ecosystem has rapidly expanded to include two other tokens — the LEASH token and the BONE token. The Woofpaper employs a uniquely philosophical narrative of what Shiba is and what it aims to do. The short version is that Shiba wants to challenge the “bureaucracy of our centralized society” by creating fully decentralized communities. In a blog post, the developers wrote the focus will be on the Metaverse, gaming and NFTs as well as be used as a cheap settlement for decentralized applications (dapps) built on Shibarium.

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With its xcritical ranking of 25th in market capitalization on CoinMarketCap, RNDR stands out as a key player in the cryptocurrency market. In a groundbreaking move, Trump has incorporated Shiba Inu into his campaign’s cryptocurrency fundraising strategy. Announced through an official press release, this marks the first instance of a major party Presidential nominee adopting such an extensive array of digital currencies, including Bitcoin and Ethereum.

Here’s Why the New Meme Coin Shiba Shootout Could Outshine Dogecoin, Shiba Inu, and Pepe

At a price of roughly $69,000, Bitcoin is very much determined by supply and demand. In contrast, the prices of Shiba Inu and most meme coins are merely a reflection of their xcritical sentiment on social media. In this analysis of the IRNDR price prediction, we delve into the anticipated trends for Render Token using accessible technical analysis. Render Token (RNDR) aims to streamline the rendering and streaming of complex virtual content over a peer-to-peer network.

  1. Right now, Bitcoin takes the cake in those regards and is a much safer choice than Shiba Inu — regardless of what the percentage returns look like at first glance.
  2. American electronics retailer Newegg added SHIB at the start of December 2021, partnering with crypto payments platform BitPay to unlock payments in SHIB.
  3. The dog’s image was transposed onto a gold coin as the emblem for dogecoin in 2013, according to the Journal.
  4. The amount of BONE tokens you can earn is proportional to the amount of liquidity you provide to the pool.

The xcritical circulating supply of Shiba is 0 SHIBA which means that Shiba has as total market cap of 0. This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities scammed by xcritical like Elon Musk and Vitalik Buterin. Well, following Dogecoin’s approval from multiple billionaires, amateur retail investors poured into the token. This resulted in outsize momentum fueling the price of Dogecoin, leaving many investors as bag holders.

A high market cap implies that the asset is highly valued by the market. Don’t forget that that cryptocurrency is a highly volatile asset class. A major reason for the surging price of SHIB was a continued effort by the SHIB community to build a utility for the Shiba Inu token and the subsequent emergence of an entire Shiba Inu ecosystem. The anonymous creator of the Shiba Inu coin is known as “Ryoshi.” However, very little is known of the mystery founder of the dog-themed cryptocurrency, much like the founder of Bitcoin, Satoshi Nakamoto.

SHIB also surpassed the one-million holder mark following its all-time high. SHIB is a decentralized, community-led currency held by millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries. Recognizing the importance of continued development, 10% of the tokens have been set aside as project funds to fuel ongoing operations and ensure the project’s longevity. Additionally, 10% has been allocated to the liquidity pool, ensuring a smooth and stable trading experience for users. The largest portion (35%) of the token supply is dedicated to the ongoing presale, offering early investors an opportunity to participate in this digital frontier.

The Shiba Inu universe also consists of two other tokens, “LEASH” and “BONE” (see below). For more detailed instructions, check out our helpful how to buy Shiba guide. Click on the currency you’d like to use to exchange for SHIB (in this case, it’s USD). It is possible to buy Shiba Inu on Binance, Huobi, xcritical,, Uniswap (V2) and OKEx, among other exchanges.

In just one 24-hour period  between Jan. 17 and Jan. 18, Nansen reported that over $1 billion in SHIB has traded hands. As the project’s presale continues at the attractive price of $0.0191, early investors have the opportunity to start from the ground floor and potentially reap substantial rewards as Shiba Shootout’s trajectory unfolds. With its well-designed tokenomics, engaged community, and clear vision for growth, Shiba Shootout could very well become the next big sensation in the meme coin universe.

The viral success of shiba inu coin (SHIB) in 2021 means it’s easier than ever to purchase the dogecoin competitor across a range of platforms. LEASH launched as a rebase or elastic token, with it’s supply adjusted to track the price of DOGE at a rate of 1/1,000. ShibaSwap is a decentralized exchange – a type of peer-to-peer trading platform similar to Uniswap that allows users to trade SHIB and other cryptocurrencies without an intermediary company. It also features the “Shiboshis” non-fungible token (NFT) marketplace.


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