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Cryptocurrency represents a new chance for investment. The blockchain is a public ledger that records and makes accessible every transaction that has ever taken place.
Cryptocurrencies are sometimes referred to as “decentralized” because they make use of blockchain technology. Consequently, there is no centralized authority responsible for supervising or controlling these digital currencies. The distributed ledger technology of the blockchain enables cryptocurrency exchange and record-keeping of every transaction.
Blockchain technology is essential to the functioning of the cryptocurrency market. Its open-source feature makes its source code available for any developer to use and modify.
Due to this, an innumerable selection of crypto-backed financial instruments is now at your disposal. This article details why Dogeliens (DOGET), Decentraland (MANA), and Shiba Inu (SHIB) are the three cryptocurrency assets any profit-driven investor should have in their portfolio by 2023.Decentraland (MANA): A Gaming Coin That’s Serious
One of the crypto market’s biggest and most well-liked gaming ecosystems is powered by Decentraland (MANA), a remarkable cryptocurrency. Decentraland (MANA), a program developed on Ethereum, aims to facilitate the administration of a unified digital ecosystem by a worldwide user community.
With Decentraland (MANA), an Ethereum-based 3D VR platform, individuals may build and monetize their own virtual casinos, museums, and other attractions.
Token holders have access to a wide variety of features in the Decentraland (MANA) Metaverse, including the ability to participate in VR games, purchase LAND, construct on their LAND, and host NFT events.Shiba Inu (SHIB): A Giant of Meme Tokens
After Dogecoin, this is the most sought-after meme token in the cryptocurrency industry. Shiba Inu Coin is the second meme coin after DOGE among the top 15 cryptocurrencies.
Marketed as a replacement for Dogecoin, it has succeeded in that role. No one has been able to identify who created this alternative currency. The coin was introduced to the cryptocurrency market in August 2023.
SHIB, a token built on the Ethereum blockchain using the ERC-20 standard, is an alternative to DOGE that aspires to outperform it. Meme coins like both of these were released more as a satire or joke than as a serious attempt to develop a useful digital currency.Dogeliens (DOGET): The New Dog on the Block
Dogeliens’ mission is to bring together a strong group of people who share a commitment to doing good in the world. To allow DOGET holders a voice in determining which non-profit organization receives weekly platform upgrades and donations, Dogeliens wants to implement a charity wallet and a voting system.
The Dogeliens’ team have spent years establishing widely held beliefs in preparation for their eventual takeover of the Metaverse. The goal is to create a token that people feel comfortable putting their faith in and using frequently by creating a light-hearted cryptocurrency that draws inspiration from popular tokens like Dogecoin (DOGE) and Shiba Inu (SHIB), but also includes new and useful features.
Dogeliens are taking over the Metaverse in an effort to spread their knowledge of cryptocurrency to the people of Earth in the form of charity-sharing initiatives and instructional content.Here are some websites that will help you learn more about Dogeliens (DOGET):
You're reading Dogeliens, Decentraland, And Shiba Inu Are The Three Crypto Tokens That Investors Should Own
A good number of Shiba Inu long-term holders still held on to the token even though only 18% were in profit
The increased involvement of investors with SHIB could play a vital role in how it performs in the next bull market
If you were a fervent follower of the market in 2023, then you would absolutely agree that the incredible rise of Shiba Inu [SHIB] was one of the most unforgettable highlights.
The memecoin, which hardly got any attention before then, made an impressive sprint that almost ran into a 5,000,000% value increase. However, the antics shown by the same token in 2023 were barely any close to the year discussed before. In fact, it was the complete opposite.
Read Shiba Inu’s [SHIB] Price Prediction 2023-2024
This fraction was surprisingly spectacular, with only a few top cryptos like Bitcoin [BTC] and Ethereum [ETH] beating it. Additionally, only 18% of the total holders were still in profit.
So, what has propelled long-term holders to remain at such an apex?Accept the token, ignite the metaverse
One aspect that Shiba Inu has thrived in is its use case for payments. For a while, several businesses have adopted the meme coin as a means of settlement and remittance. Just in October, Google Cloud opened its doors to the meme for the same reason. In turn, you would expect that there should be an increase in Shiba Inu users.
In other quarters, ETH whales have ensured that SHIB remained at the top of their holdings. Even though these whales had sold off some holdings, they still held a massive amount. At press time, WhaleStats reported that SHIB holdings by these investors were up to $68 million.
This activity implied that Ethereum whales seemed to be bullish on the cryptocurrency in the long term. Besides this interest, Shiba Inu expanded its wings by “creating lands” in the metaverse.
At the time of this writing, Shib The Metaverse had created more than three separate concepts for the project. This same involvement in virtual reality earned it an invite to the World Economic Forum (WEF).
Despite a meager 0.97 correlation with BTC, SHIB employed its token burn as a strategy to keep the ecosystem alive. This plan of action enabled holders of the token to exclude some tokens from circulation while earning passive income.
At press time, Shibburn showed that the burn rate had increased by 4497% in the last 24 hours. This implied that the SHIB community held the burn activity in high regard.When the bulls return, SHIB will…
Although the burn rate was a bid to reduce supply and increase its value, the latter had rarely happened as SHIB exchanged hands at $0.000009 according to Santiment.
This value represented a 1.36% decrease in the last 24 hours. However, the volume surged 83.96% to $236.51 million. This increase implied that many transactions had passed through the Shiba Inu network within the said period regardless of the profit or loss incurred.
On the downside, SHIB’s network growth had fallen to 1999 at the time of writing. As of 13 November, the network growth was as high as 9409. This current state inferred that there were fewer new addresses joining the Shiba Inu ship. With all of this happening, SHIB might not remain deeply affected by the bear market.
However, ruling the token out of active participation in the next bull season might be a costly mistake, considering the increased involvement with the ecosystem. Nevertheless, there was no guarantee of a 2023 repetition.
Metaverse tokens suffer massive losses as volatility and uncertainty in the crypto market rise
The online universe has grown crazy over the metaverse! The blockchain and crypto industry is now mostly driven by the popularity of the metaverse and adjoining technologies. In this virtual realm, users can deploy metaverse tokens to buy, sell, and trade in the platform. Besides these, they can also explore online casinos offering slots, poker, roulette, blackjack, and more and enter nightclubs and attend concerts that are organized in the metaverse. The rise of the metaverse tokens in 2023 clearly defined that the crypto community was intrigued by the possibility of a new domain that resembled just our universe, only in the digital form. Some of these top metaverse cryptocurrencies even outperformed popular digital assets in the crypto market, which are supposed to be more trustworthy. However, the condition of the crypto market in 2023 has been quite unflattering, leading to the fall of several digital assets, including metaverse tokens. Here, we have listed the top metaverse tokens that are disappearing among crypto investors due to soaring market uncertainties and lowering appetite to invest in riskier assets.Radio Caca
The Radio Caca token is suffering major losses in terms of value. The RACA token is the native cryptocurrency of the ‘USM metaverse’, an in-development digital environment pitched as a contender to The Sandbox and Decentraland. RACA is also the in-game currency of the blockchain-based NFT game Metamon, in which users buy and trade cutesy characters and items.Ultra
Ultra is a publishing platform and ecosystem for video games and video game content. Ultra’s mission is to do away with the current monopoly held by publishing platforms like Steam and provide new opportunities to game developers, players, and influencers. Ultra-promises a solution that is more equitable to players and developers alike. However, the declining value of this crypto is a matter of concern for its investors.Decentraland
Decentraland defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications. In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize. MANA is one of the most popular metaverse cryptocurrencies, however, the token is facing massive losses due to current turmoils in the market.The Sandbox
The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations and non-fungible tokens, the Sandbox creates a decentralized platform for a thriving gaming community.Axie Infinity
Axie Infinity is down by almost 17% since the crypto market began to plummet again. Like other metaverse tokens, Axie Infinity is also facing the heavy blows of losses. Investors are dumping off riskier assets, causing heavy consequences for metaverse tokens like Axie Infinity. Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players.Theta Network
Theta (THETA) is a blockchain-powered network, purpose-built for video streaming. Launched in March 2023, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.Stacks
Stacks enables DeFi, NFTs, apps, and smart contracts for Bitcoin. It is a layer-1 blockchain solution that is designed to bring smart contracts and decentralized applications to Bitcoin. These smart contracts are brought to Bitcoin without changing any of the features that make it so powerful — including its security and stability.Enjin Coin
Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin’s flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores. The token has gained massive popularity in the metaverse community, however, the crypto’s diminishing value is a matter of concern for its investors.Sushiswap
SushiSwap is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges that use smart contracts to create markets for any given pair of tokens.Ontology
Shiba Inu reached a recent high of US$0.0000296 on March 28, instigating a long bull-run
The very idea of2024: A Historic Year for Shiba Inu
Since the ‘blockchain’ and ‘decentralized finance’ concepts hit mainstream adoption, the number of cryptocurrencies in the market surged drastically. Today, there are over 13,000 digital tokens in circulation, and every day, at least 50-100 new cryptocurrencies are entering the market. Amidst this increasing competition, Shiba managed to stand out in 2023. The Dogecoin competitor recorded a whopping 49,000,000 price rally in the last year. SHIB started 2023 at US$0.000000000073 and ended at US$0.000036. To put this in simple terms, even a US$1 Shiba Inu investment could make anybody a millionaire. The Dogecoin killer hoped for a massive bull run when a petition to include it on Robinhood gained more than 4,000,000 signatures. Eventually, it led to FOMO and more investors started pumping in massive amounts.Shiba Inu Price Analysis: Fighting the Resistance Level
Despite breaking the ice and recording an interim high, Shiba Inu is still facing a major resistance level at US$0.000028. Besides the one-time outperformance, SHIB couldn’t hold up above the resistance mark in the last few days. However, experts say that the one-time breach is a good sign and investors can expect a further price rally in the coming days. Remarkably, this Shiba rally in 2023 came as a big surprise to many crypto enthusiasts. Although SHIB didn’t disappoint the investors despite the bear takeover, the market was not expecting the beginning of the bull run in March. Shiba Inu has now managed to pair up some of the losses made this year and is already above its 20 and 50-day exponential moving averages. Still, it has to keep up the pace to break its temporary resistance level. But according to predictions, SHIB could record a 20% spike in the coming days.Other Factors Contributing to Growth
Shiba Inu has introduced ‘SHIB’, its metaverse initiative. In an effort to compete with Decentraland, the community has unleashed SHIB to form a perceived virtual reality environment. It is aimed to create ‘one of the strongest communities ever gathered in all of crypto’s history’.
The very idea of Shiba Inu evoking images of a cute Japanese breed puppy is long forgotten. In the fast-evolving financial ecosystem, SHIB literally means a rapidly-growing cryptocurrency that could make investors rich in the short span. At the time of writing, the Dogecoin competitor is being traded for US$0.00002777 with a market capitalization of US$15.23. Shiba Inu reached a recent high of US$0.0000296 on March 28, instigating a long bull-run in the coming days. While things seem positive for Shiba Inu in 2023 , experts add more glory to the cryptocurrency by saying that it could experience a 2023-like rally this year. 2023 was an eventful year for many cryptocurrencies including Bitcoin, Ethereum, Dogecoin, Shiba Inu , etc. However, among the front-running tokens, SHIB scored big in the past year. Besides the long-term gains, the Dogecoin killer also recorded some whopping short-term profits that made investors go berserk. However, things have been dark for Shiba Inu in 2023. The cryptocurrency was fighting against the bearish trend that surmounted the whole market. Fortunately, Shiba Inu managed to break through the odds and recorded impressive growth in March. In the past week, it registered a 20% spike, according to CoinMarketCap data. On the other hand, ShibArmy is also trying its best to bring back SHIB into the spotlight. Constant burnings and newly-added features in the Shiba Inu ecosystem are expected to pump in more value this year. Therefore, investors are already staking up the Shiba Inu token before it could go on a 2023-like rally.Since the ‘blockchain’ and ‘decentralized finance’ concepts hit mainstream adoption, the number of cryptocurrencies in the market surged drastically. Today, there are over 13,000 digital tokens in circulation, and every day, at least 50-100 new cryptocurrencies are entering the market. Amidst this increasing competition, Shiba managed to stand out in 2023. The Dogecoin competitor recorded a whopping 49,000,000 price rally in the last year. SHIB started 2023 at US$0.000000000073 and ended at US$0.000036. To put this in simple terms, even a US$1 Shiba Inu investment could make anybody a millionaire. The Dogecoin killer hoped for a massive bull run when a petition to include it on Robinhood gained more than 4,000,000 signatures. Eventually, it led to FOMO and more investors started pumping in massive amounts.Despite breaking the ice and recording an interim high, Shiba Inu is still facing a major resistance level at US$0.000028. Besides the one-time outperformance, SHIB couldn’t hold up above the resistance mark in the last few days. However, experts say that the one-time breach is a good sign and investors can expect a further price rally in the coming days. Remarkably, this Shiba rally in 2023 came as a big surprise to many crypto enthusiasts. Although SHIB didn’t disappoint the investors despite the bear takeover, the market was not expecting the beginning of the bull run in March. Shiba Inu has now managed to pair up some of the losses made this year and is already above its 20 and 50-day exponential moving averages. Still, it has to keep up the pace to break its temporary resistance level. But according to predictions, SHIB could record a 20% spike in the coming days.Shiba Inu has introduced ‘SHIB’, its metaverse initiative. In an effort to compete with Decentraland, the community has unleashed SHIB to form a perceived virtual reality environment. It is aimed to create ‘one of the strongest communities ever gathered in all of crypto’s history’. Recently, Shiba Inu has made its debut in Netcoins, an online cryptocurrency brokerage that makes it easy to buy, sell, and hold cryptocurrencies in Canada. Besides, fashion brands including John Richmond have announced SHIB and LEASH burns to pump the value of the tokens. Anonymous whales are also purchasing Shiba Inu tokens in large numbers. On 30th March alone, over 621 billion SHIB have been secured by the top ETH whales.
Many thought that Dogecoin was a one-off – until meme-coin Shiba Inu exploded in price last year.
Ethereum co-founder set the course of Shiba Inu when he burned 41.02% of supply in May 2023. The Shiba Inu price went from $0.0000008 to $0.000035 in the space of a month. That’s a 4,275% return in the space of a month.
If you owned just $100 of Shiba Inu (SHIB) in April 2023, by mid-may your portfolio would be worth $4,375. By the all-time high of $0.00008 your $100 SHIB investment would have sold for $10,000.
It’s no surprise Shiba Inu gave the best ROI last year. In fact, if you’d bought $100 right at the beginning of 2023, you’d have become a millionaire by the end of the year.
But is Shiba Inu still a good buy in July 2023?
TL;DR – Shiba Inu accumulation is gathering huge momentum, but you need to be aware of the risks.The Rise of Shiba Inu
Shiba Inu launched in August 2023 by an anonymous founder known only as ‘Ryoshi’.
The links with Dogecoin – currently the most popular meme-coin on the market – are strong. Both Dogecoin and Shiba Inu are based on popular memes of the Japanese hunting dog the Shiba Inu.
Unlike Dogecoin, Shiba Inu is an ERC-20 token built on the Ethereum network. The project described itself as an experiment in rapid decentralised community building – without any clear direction or core development team, Shiba Inu has gone above and beyond Ryoshi’s initial vision.
Today, Shiba Inu is the 14th biggest cryptocurrency by market cap ($5.6 billion).
Shiba Inu shot into the spotlight when Vitalik Buterin – the Ethereum co-founder – received a large proportion of SHIB. He burned 42.02% of supply and sent a large amount to a COVID-19 relief fund in India. According to Buterin, he didn’t want the control that owning nearly half the SHIB supply came with.
Burning Shiba Inu has since been picked up by individual investors and projects across the world. There is the Shiba Inu Coffee Company, which burns SHIB from a % of profits, as well a partnership with Wendy’s fast food outlet, a Shiba Inu styled restaurant in Dubai, boxers in Argentina, and many more.
Coinbase listed Shiba Inu in September last year, and helped to take Shiba Inu onto an all-time high where its market cap ballooned to $41 billion – that’s more than the market cap of BNB, XRP, Cardano or Solana currently.Will Shiba Inu Explode Again in 2023?
The Shiba Inu success story led to more Google Searches for ‘Shiba Inu’ than even Bitcoin since the all-time high last November.
However, such dramatic gains are hard to come by once a cryptocurrency reaches top 20 status. From the Shiba Inu pump in May to the all-time high in November, for example, the Shiba Inu price rose 130% – impressive, but not quadruple figures.
Many more crypto newcomers are more likely to grow 1000% and more in 2023.
One project analysts are identifying is EverGrow Coin.
The token took the success of coin burning in the Shiba Inu community and built it into the very fundamentals of EverGrow Coin. From a 14% transaction, 2% is set aside for strategic buyback and burn.
Now 53% of the initial EverGrow Coin supply has been removed from circulation. Meanwhile, after Buterin burned 42.02% of the SHIB supply last May, in July 2023 the Shiba Inu burn has only moved marginally to 42.03%.
EverGrow Coin is about to launch a suite of applications, including an NFT marketplace, a content subscription platform (Crator) and a metaverse experience. The profits of each of these will be pumped 100% into buyback and burn – with monthly burns expected to be more than 0.5% of initial supply.3 Reasons to Buy Shiba Inu Crypto in July 2023 1. Shiba Inu becomes Ethereum Whales’ Largest Holding
Crypto analysts have discovered a fascinating fact about Shiba Inu in July 2023 – SHIB is the second-largest holding among Ethereum whales.
The top 100 Ethereum wallets are holding $400 million worth of Shiba Inu. The only token they’re holding more of is the stablecoin UDSC. As a percentage, it means that 18% of Ethereum whales’ holdings are in USDC, with 13.9% in SHIB and 12.4% in Tether (USDT).
Whales are a top bullish indicator for a cryptocurrency like Shiba Inu, as there is large incentive to hold on until a bull market returns.2. Shiba Inu Has 4 Key Developments Coming Soon
In a July 2023 blogpost the lead developer of Shiba Inu (Shytoshi Kusama) announced four new developments to roll-out this year.
They include the Shibarium layer-2 blockchain, allowing developers to build dApps and projects on top of Shiba Inu infrastructure. The new BONE token will pay for gas fees.
The Shi stablecoin is also due for release in 2023, to bring a US Dollar-pegged token into the Shiba Inu ecosystem. The TREAT token will also go live as a rewards token to the fourth development coming soon: the Shiba Collectible Card Game. Shytoshi called this last development the ‘best collectible card game on the planet’.3. Shiba Inu is decentralised
After Ryoshi stepped back, Shiba Inu’s huge success has been driven purely by a decentralised community.
Thousands of investors across the world have found inventive ways to boost SHIB’s profile, burn SHIB from supply or give SHIB extra use cases. These include a suite of businesses burning Shiba Inu from a % of their profits as well as the ShibaSwap portal, which rewards a shifting APY to any users who destroy SHIB on the platform.
The decentralisation means Shiba Inu is safe from centralised developers playing pump and dump schemes or otherwise putting investors’ funds at risk. It also makes the Shiba Inu community a very welcoming place and rewarding for anyone getting involved – both socially and economically.How Other Cryptocurrencies Are Capitalising on Shiba Inu’s Failings
The biggest problem facing Shiba Inu is this: the legendary returns are now a thing of the past.
Shiba Inu has no core utility. Nor does it have any built-in buyback and burn mechanism to keep its prices rising long-term. It means that investors are all in the same boat – and they all must find ways to either burn tokens at their own cost or build utilities at their own risk.
EverGrow Coin is identified as a Shiba Inu lookalike because of the way developers are instantly rewarded for their efforts. EverGrow Coin is unique in crypto because the core development team only earn any income from exactly the same mechanism as every other investor: BUSD reflections.
From the 14% transaction tax, 8% is redistributed instantly as BUSD to all wallets depending on their position size. All the main team members have published their EverGrow Coin wallets online – this both provides accountability that no pump-and-dump is going on, but also shows how investors can also enjoy BUSD passive income.
The transaction tax applies to both buy and sell orders. This helps to discourage large sell-offs – and also means that all investors HODLing through a bear market continue to earn from any sell orders.Is Shiba Inu a Good Investment in July 2023?
The huge accumulation among whales is a positive sign for Shiba Inu.
However, it’s worth being aware that Shiba Inu has also fallen 71% in price since the beginning of the year. No large-cap cryptocurrencies have escaped the 2023 bear market, and low prices are likely to stay low for the next weeks or even months and into next year.
It means that while, yes, Shiba Inu is a good investment, you might not see any significant ROI for the next six months or more.
If it’s the rapid gains you’re looking for, or being ahead of the next trend in crypto, then there are other small-cap tokens you should be looking at.
EverGrow Coin’s trading volume and market cap currently are where Shiba Inu was before the monumental breakout last year. With an exciting roadmap and never-before-seen fundamentals to revolutionise the crypto space, this could be a better buy in July 2023 for rapid gains.
The crypto market is in a frenzy as a result of the price fall of FTX (FTT), and as Bitcoin (BTC) plunges to a two-year low, altcoins are starting to follow and aren’t faring much better. The largest cryptocurrency, Bitcoin, has been a popular investment option on the market. The coin reached an all-time high of $68k in November 2023. The market was in a good place at the moment, and blockchain and cryptocurrencies attracted a lot of interest. Most alternative currencies are known to follow Bitcoin’s price. As a result, several cryptocurrencies at the time had solid performances.
The majority of cryptocurrencies are, however, at their lowest points, and the bear market is at its height right now. Despite the market collapse, the new cryptocurrency Dogeliens (DOGET), a meme coin, is looking good.
Investors have the chance to purchase during the presale below market value, allowing them to benefit even if they sell soon after the launch. Despite the state of the market, the presale is continuing, and investors think it may be the next big thing in the industry.Bitcoin: The First Decentralized Blockchain System In The World
The first cryptocurrency is Bitcoin (BTC). It is a PoW consensus coin and the first decentralized blockchain system in the world. Miners verify transactions for rewards. The Bitcoin system established a standard for other cryptocurrencies to follow after its 2009 introduction. Due to its location, the market may be a better place to incorporate blockchain technology and cryptocurrencies.
Without the need to switch to PoS, Bitcoin has long been used as a PoW consensus method. It made it possible for other blockchain networks to form and enhance the services provided by the original network. Because of this, blockchains now include dApps, DEXs, smart contracts, NFTs, and many other features. With more than 12,000 validator nodes, Bitcoin is the blockchain system that is the most decentralized.
Bitcoin and several other cryptocurrencies have been impacted by the FTX tragedy, and things swiftly got out of hand when Binance opted against buying the cryptocurrency exchange. The token’s value has dropped significantly over the last few days, and some analysts are even predicting a drop below $13,000.Dogeliens: A Web3 Invasion Is Happening
Users have an equal opportunity of purchasing Dogeliens (DOGET), a new cryptocurrency, at the lowest price. Because the meme currency is in presale, users have the chance to purchase it at a discount and sell it at a better price when it becomes live. Despite market anomalies, Dogeliens wants to provide people the chance to profit from their investments.
The next-generation meme coin and a dog-themed coin with DeFi solutions are called Dogeliens. Users of Dogeliens have access to an NFT environment, metaverse inventions, and more. The network aims to provide users with the most amusement, fun, and prospects for financial gain throughout their usage of the blockchain system. Additionally, Dogeliens promotes interactions in its metaverse and gives users access to a welcoming community.
Moreover, Dogeliens provides users with access to a blockchain education platform, where they can learn about current concerns and cutting-edge developments in the field. Despite the market collapse, the Dogeliens presale is proceeding well, and because it is, supporters believe the meme currency will do well when it launches. Get your DOGET token here during the presale.For more information about Dogeliens, check out the links below:
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