Will Shiba inu become the next Dogecoin? Check it out!
Dogecoin the oroginal meme cryptocurrency which was launched in 2013 as a joke now ranks in the top 10 list with market value of 36.0 billion and its cousin brother Shiba inu dog which was launched in 2020 to make fun of dogecoin has reached the value of 30.3 billion now.
Shiba coins are not commonly used for commercial purposes and is considered a highly volatile, risky and speculative so as the crypto market.
The dogecoin and shiba inu community are very vocal and committed. They both are community-based as their success and growth are dependent on community and their desires. Now they are under tough competition nowadays as the market value of both are increasing simultaneously and may swap each other in the top 10 list. The Shiba inu coin is also referred to as “Dogecoin Killer.” The most valued cryptocurrency bitcoin has doubled its value twice this year and same for Shibu inu coin who may soon overtake dogecoin in the top 10 list.
Shiba token was started by an anonymous person or group named “Ryoshi”. The paper which describes how Shiba works is also peppered with soaring-but-vague platitudes about freedom, community, revolution and the destruction of traditional paradigms. It has caught fire and now rising with a fast pace and became part of top 10 largest digital tokens NY market capitalization. It’s website says, “a decentralized meme token that has evolved into a vibrant ecosystem”.
Mati Greenspan, founder of crypto analysis and advisory form Quantum Economics said,” People are always looking for ‘the next Bitcoin’.” It’s never bad to get rich quick but instead it is the biggest motivation for people. Now it is going to be interesting which is going to be the next Bitcoin. Shiba inu coin may overtake dogecoin and maybe become the next bitcoin, whatever happens let’s just wait and watch ourselves.