SHIB vs. DOGE: Which Is Better?
Shiba Inu (SHIB), a popular token that most people dismiss as just another shitcoin, has been making headlines for some time. It’s been setting fresh all-time highs and dominating the trending cryptocurrency charts on all major exchanges.
Shiba Inu’s current all-time high (a growth of 777 percent in 30 days) is $0.00008845, and given the present situation, it’s quite likely to shatter it and devour another zero.
Coming back to the matter at hand, Elon Musk, the owner and admirer of Shiba Inu dogs, has recently been on the bad side of the SHIB token.
Elon Musk said he didn’t own any Shiba Inu coins in a response to a Shiba Inu fan’s Twitter thread, causing the meme-price tokens to plummet by 20%.
However, this reduction in price was only temporary, and many crypto investors were surprised to learn that Shiba Inu not only recovered within hours but also continued to set new all-time highs and beat all major cryptocurrency records. Shiba Inu’s greatest feat is that it eclipsed Dogecoin (DOGE) in terms of the market cap not long after the ‘Doge Father’ came to Dogecoin’s rescue and raised the price of Dogecoin by 22 percent in a single day with a single tweet, retaking Shiba Inu.
Elon Musk has no effect on Shiba Inus
Unless your name is SHIB, going down 20%, recovering in a day, and continuing to make all-time highs is hardly child’s play. Every SHIB bearer should be proud of this accomplishment. Elon Musk’s influence on Shiba Inu is waning, not only because the price of the Shiba token has surpassed all-time highs, but also because of the ‘great manipulator’ of cryptocurrencies. After Elon Musk tweeted against the usage of BTC mining equipment due to ‘environmental’ concerns, even the king of cryptocurrencies couldn’t recover much. SHIB, on the other hand, has defied this assumption, and with the support of its investors, the token has continued to rise even while the crypto market was experiencing a little downturn.
Is SHIB a better alternative than DOGE?
Shiba Inu did not follow the same destructive path as Dogecoin, which plunged after Elon Musk’s appearance on Saturday Night Live and never recovered.
Shiba Inu also features a well-developed ecosystem, including Shibaswap, BONE and LEASH tokens, a staking system for all tokens on their site, an NFT marketplace, and much more. Dogecoin, on the other hand, was never part of the “meme” umbrella and is founded on the pump-and-dump theory, with its major promoter, Elon Musk, as its lone supporter.
Shiba Inu to Mars or to the Moon… Literally!
‘To the Moon’ and ‘to Mars’ are two expressions commonly used in the crypto world to represent a token’s price reaching all-time highs and beyond. In the case of SHIB, though, it’s truly travelling to Mars.
The Shiba Inu Twitter account revealed its cooperation with Nexus Aurora, an aerospace company working on a rover to explore Mars, in an official tweet.
The collaboration aimed to improve knowledge of how cryptocurrencies may have an impact on the globe. The aerospace business has partnered with Shiba Inu to assist crypto in contributing to the progress of humanities in space.
According to sources, Shytoshi Kusama has given 0.4 billion SHIB. It is, in fact, 414,898,000 SHIB. The financing will allow the corporation to make significantly greater contributions to its space programme.
A total of 20,000,000 SHIB is specified in the agreement. The emblem would also appear prominently on the SSAM rover prototype, which will be utilised at the Mars Society’s Utah test facility.
Nexus Aurora also promises to be able to store 1,000,000 SHIB in its wallet, ready to be transferred to Mars as the world’s first global planetary currency.
The company is looking for 350,000,000 SHIB for branding on the upcoming swarm of rovers that will be included in the sponsorship. With the likelihood of two open-source collaborative groups entering the area, the yearly cost of combined operations is expected to be more than $350 million.
The aerospace business explains why it wants SHIB INU to be more than just a sponsor. Nexus Aurora will also have SHIB and will use it to help with project prototyping and development. It will also investigate the use of this token as a money for interplanetary colonisation.