Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dash, and Monero have been making headlines among the crypto community and collecting a lot of attention. You may have seen the buzz about these four digital currencies, or you might not have. But the fact remains that they’re all worth knowing about and, in some cases, investing in.
It’s no secret that crypto-currency has been in a downward spiral over the last few weeks, and it’s not just a matter of price. Something has been going in the crypto-community, and the community has a right to be upset.
Then there’s Dogecoin, whose Twitter popularity has risen to over 60,000 likes and counting. With such a spike in interest, some might be surprised to know that Dogecoin was previously called Doge. And, in fact, if you type “Dogecoin” into Google, you’ll see that the search engine remembers that Dogecoin is the name of a currency—although it still says “Doge” at the top of the page. That’s a shame, because it’s a pretty punny name.In recent months, two different dog crypto-currencies, Shiba Inu and Dogecoin, have been making waves in the crypto-currency industry. While dogecoin has been around since 2013 and has experienced strong growth over the past year, the relatively new ERC20 crypto currency shiba inu has also experienced significant value growth.
Dogecoin and Shiba Inu have overshadowed the performance of the Bitcoinmarket
The crypto-currencies dogecoin (DOGE) and shiba inu (SHIB) posted huge gains in 2021. In fact, these two digital assets have eclipsed many cryptocurrencies in terms of percentage growth against the US dollar. For example, an investor who invested in bitcoin (BTC) a year ago is said to have made a nice 290% return against the US dollar. On the other hand, at $0.37 per unit, Dogecoin would have given an investor a return of 14.787%, according to today’s 12-month data. Shiba inu tokens were released in August 2020 and are only 10 months old, they are recent compared to the original dogecoin 2013. Price data through January 1, 2021 are not available. According to Coingecko, SHIB was trading at $0.00000001. The price stayed in that range for a few weeks, but since then the token has increased by 90.100% to its current price of $0.00000862. The 30-day statistics show that DOGE is down 33% and SHIB is up 425.6% for the month. Weekly statistics show that SHIB is up 13.8%, but DOGE outperformed the token by 27.10% last week. Dogecoin investors should thank Elon Musk this year, and on the other hand, Shiba Inu token investors can thank Dogecoin in turn. If dogecoin was created by software engineers Billy Marcus and Jackson Palmer as a joke and for fun, SHIB was created for the same reasons. However, no one knows the identity of SHIB’s programmer, as the ERC20 token was launched by its anonymous founder, known as Ryoshi.
No dog Cryptocurrencies Not much
Both pieces have logos featuring a Shiba Inu dog, and both digital assets have vibrant communities. Although there is a large DOGE army, there are some fans who call themselves the SHIB army. In terms of market capitalization, Shiba Inu (SHIB) ranks 30th with a market valuation of $4.5 billion. The market capitalization of dogecoin (DOGE) is significantly higher today, at $49 billion. The commission for sending SHIB is higher, as the cost per transfer is 0.0019 ETH ($5.32) versus 2.48 DOGE ($0.933) for sending dogecoin. Dogecoin is available on many more exchanges than Shiba Inu and was recently added to Coinbase. SHIB can be found on exchanges like Okex, Huobi, ShibaSwap, Kucoin, Coinbene, Probit Global, Binance, Crypto.com, Coindcx and Wazirx. There are also many more SHIB chips in circulation than DOGE chips. According to the data, there are currently 497 trillion SHIB tokens, while there are only 129 billion DOGEs in circulation. SHIB’s total trading volume over the past 24 hours was $800 million. Dogecoin’s volume has far exceeded this figure, with global DOGE trading of $6.2 billion. Although the two coins are similar in that they represent a Shiba Inu dog, they also have distinct differences. How about dogecoin and shiba inu? Let us know what you think in the comments below.
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Altcoins, Billy Marcus, cryptoassets, cryptocurrency, Doge, Doge, fees, Jackson Palmer, markets and prices, onchain statistics, percentage gains, prices, Rioshi, Shib, Shiba Inu token, statistics, transactions Photo credit: Shutterstock, Pixabay, Wiki Commons Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any goods, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.At the moment, the crypto market is in the middle of a bear market. BTC is down around 50% since its all-time high in December 2017. Many exchanges have already closed down, while the ones that remain are under intense pressure. Those who bought into the hype and bought into the market at the top may be left with a lot of losses.. Read more about shiba inu coin and let us know what you think.
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