Trading crypto assets at Exness broker has always been financially beneficial. If you’ve been seeking for the safe investment into the Forex market, do always feel free to get your account at this broker.
In this review, we’d like to cast a glance at Shiba Inu payment coins and shed light on three more alternatives for you to pick up to trade. Exnesscom and its managers will always be glad to assist you in your choice of the crypto to trade.
Success of Shiba Inu
Shib Coin is an ERC-20 token on the Ethereum blockchain, named after the Shiba Inu dogs. The project was launched in August 2020 following an example by Elon Musk.
The tokens themselves are called “Meme Coins” on the official website of the project.
The founder of Shiba—hiding under the nickname Ryoshi—opted for the Ethereum blockchain for a reason. They believe that unlike most other networks, Ethereum is truly decentralized, secure, and well established.
According to the founder of Shiba, it is Ethereum that allows the creation of free decentralized communities.
The circulating supply at the moment is about 394,000,000,000,000 tokens.
To date, there are 549,151,277,208,947 SHIB tokens in circulation.
And if you calculate the market capitalization of this coin at its price of 1 cent, it should be $ 5,491,512,772,089. This cosmic amount is unrealistic because it is 2.5 thousand times more than the capitalization of the entire cryptocurrency market.
It is very critical of the forecasts for the price of cryptocurrencies, because in addition to the projects themselves, the price strongly depends on market sentiment.
Shiba inu could grow to $ 0.000068 by mid-2022.
Back in the middle of 2021, the price of Shiba Inu was scanty—$ 0.000001478 per coin. Among other things, it attracts novice investors with its ease of entry—you can buy a lot of coins for a dollar.
The future course as a whole is rather vague, but impressive ups are guaranteed, and more than once—by tens of percent, this coin can rise in price literally in a day.
Other 3 Cryptocurrencies to Watch
Consider 3 other cryptos to invest in apart from Shibu Inu.
Whichever cryptocurrency you choose, the main thing is to remember one thing: in any case, this is a relatively volatile product, and it is only suitable for investors with a certain risk appetite.
So do not forget to be careful: keep an eye on the news about your chosen cryptocurrency and never buy cryptocurrency with your last funds.
Stick to your Exness managers’ pieces of advice and you will never fail!
The history of the Cardano blockchain platform began with an offer from Japanese investors who were interested in the idea of using blockchain technologies for smart contracts and brought in Charles Hoskins, ex-co-founder of BitShares and Ethereum, for this.
Like the Ethereum platform, Cardano supports smart contracts. Many Cardano fans are confident that it will ultimately supplant Ethereum due to the ability to make transactions without commission.
In addition, the platform has a very fast transfer speed. This allows you to avoid the growth of fees in case you need to speed up transactions.
The ADA coin is currently ranked among the top ten cryptocurrencies by market capitalization.
The most actively invested in Cardano (ADA) are from
- Southeast Asia, as well as
- South Korea, and
ADA tokens have a limited emission: about 30 billion cryptocurrencies have already been generated, and they plan to release 45 billion in total.
The emission is entirely dependent on new blocks. Today, after the signing of each, 2000 coins are issued. Further, this indicator will gradually decrease. Completion of the issue is scheduled for 2023.
While the Cardano blockchain is still essentially under development, and not all exchangers have tokens, Cardano (ADA) is one of the fastest growing assets on the market.
Since the beginning of 2021, this cryptocurrency has twice hit the top three in terms of capitalization (of course, after Ethereum and Bitcoin itself).
The rate of this cryptocurrency is quite resistant to inflation, so that the vast majority of analysts look to the future of this cryptocurrency with confidence.
Binance Coin is a Binance crypto exchange token that is used to pay trading fees and conduct exchange offerings (IEOs) on the Binance Launchpad.
Over the years, the Binance Smart Chain (BSC) network is gradually gaining more and more recognition in the world as an alternative to Ethereum (it has already overtaken it in the number of daily transactions).
Binance Coin has perhaps the most stable growth history under its belt—albeit less dizzying than Bitcoin, but without the same dizzying falls.
And, in the end, not every cryptocurrency can boast, in fact, its own crypto-exchange under its belt—that is why new investors who do not want to invest in Bitcoin and Ethereum alone often begin to expand their crypto portfolio with Binance Coin.
Since the beginning of 2021, this cryptocurrency has strengthened 17 times, reaching an all-time high of $600 in April.
At the same time, it became the third in terms of total capitalization after Bitcoin and Ethereum.
In the future, according to analysts, pullbacks by tens of percent are possible, but this is nothing more than a good moment to enter the asset at a discount.
MonaCoin cryptocurrency has the status of the first Japanese digital money, becoming a kind of symbol of the country in this area.
At the peak of popularity it was in the top 10 in terms of capitalization, but it quickly lost its position in the rating, although it continues to function successfully in Japan.
Against the background of general principles, the MonaCoin cryptocurrency has the following parameters:
- Block formation time—one and a half minutes, which ensures fast confirmation of transactions in the network
- Standard mining based on the Proof of Work protocol and a reward for supporting the network in the form of decentralized emission and commissions
- The commission for the transfer is set by the user himself, taking into account the functionality, the higher the commission, the more interest of the miner to support the transaction, which means that such a transfer is faster
- The initial charges per block were 50 coins, but the system provides for a halving of the current indicator every 051 million blocks—approximately once every three years
- Thanks to the Dark Gravity Wave v3 protocol, the encryption complexity is recalculated after each block
- The maximum number of coins is 12 million.
The developers managed to achieve certain results, ensuring the reliability of the network, the privacy of its users and decentralized support for transactions.
Analysts point to the possibility of a gradual exit of MonaCoin outside Japan, along with those companies that already accept it for payment.
In this situation, a significant increase in value is expected, which is of interest for short-term and long-term investment.