Hey Folks , So today we are going to compare two Crypto coins which are quite famous and THEY BOTH WERE made as a MEME 😂...
What is a Crypto Currency 🤔?
Crypto Currency is like digital assets which holds some value which is relative .
If you are familiar with the share market ,then it's a piece of cake for you 👍.
Intro to Meme Coins
What is
Shiba Inu Coin ?
In simple language ,it's another coin made when the Doge coin was in bullish run(rates of the coin is rapidly increasing) and those who invested in it in it's start become
Beggars to Billionaires and hence Shiba coin was made for those who can invest it in hope that it will also achieve a height as Doge Coin someday.
What is
Doge Coin ?
A coin which is written in Golden letters in the history of crypto ,highly supported by the Legend and second richest man on Earth, The Elon Mush aka Tony Stark himself.
There are many amazing things to know about Doge, we will see it in our later part of the blog...
Just imagine the number of population Elon Musk is inspiring to invest in Doge coin through twitter ,like he is a PRO in marketing and Profit making.
Market Cap of coins
(The data is taken on 19 August,2021 from
coinmarketcap.com)
What we understand from this ?
1. Doge Coin being costly than Shiba still holds more Market Cap.
2. The daily traded volume of Doge is greater than Shibu ,which means it's still popular and people are buying it📈 .
3. The Max supply of Shiba is far greater than Doge and hence it will take more time to increase it's value unless a large amount of coins are burned(Destroyed from it's existence).
History of coins📜
The famous history of Doge Coin
It was Written in C++ and built over Bitcoin blockchain created to tip creators online . Website: dogecoin.com
Dogecoin was created as a joke in 2013 by software engineers Billy Markus and Jackson Palmer, and was never meant to be a serious cryptocurrency. In 2015 Markus sold all his holdings of Doge Coins for $10,000 to buy a Honda Civic Car but didn't bought one cause he has to pay rent , If he had hold his coins ,then he would be able to buy the whole HONDA company itself
🤯.
Meme of the year in 2013 and a Trending Cryptocurrency in 2020 and continued
Birthday(date of launch): December 6,2013,Block Time:30 Sec
Favorite coin of Elon Musk who will also be literally sending it to the MOON in upcoming space mission.
The famous history of Shiba Inu Coin
Doge Killer ,a coin which is created by anonymous person going by the name Ryoshi in August 2020 when the Doge coin was in Boom/trend.
It was created for the people like me who didn't jumped in to buy Doge Coin and hence they can jump in Shiba Inu and don't regret later(Even i jumped now).
Recently,Ryoshi locked half of the tokens in a decentralized finance protocol called Uniswap and “burned” the other half, worth $1 billion, to Ethereum co-founder Vitalik Buterin for safekeeping. Buterin then donated trillions of Shiba Inu coins to India to help stem the spread of COVID-19 — it was history’s largest cryptocurrency donation — before “burning” 40% of the total supply to a “dead wallet.”
Mining process and/or rewards.
The minimum payout is 700000 SHIB(Reward) and mining fee is 1% .If you have a 1080ti(Basic Level GPU) @ 2.2ghz core / 12.2ghz memory ,you can get around 38000 SHIB(Reward) in 2 hours
You can use Unminable to mine SHIB and Doge Coin in your system, you just have to give a receiving account hash in which your Doge or SHIB will be deposited as a reward.
As you can see in the above picture, you can get a reward of 10k Doge Coin if you mine a whole block ,generally it takes 10 days to mine a block but it depends on your CPU and GPU power .
It is not required to mine a whole block to get reward, if you mine one coin then you will get a reward for that one coin also.🎁
Caution: Mining of coins consumes loooottttsssss of Electricity and it is possible that Electricity board may give you a visit if your electricity consumption is higher that snoop Dogg's weed consumption😉😎.
Let's Talk NUMBERS
Doge Coin
The prices of the coin can be clearly seen in various time spans in the above image,and it is said that Doge coin will soon reach 1$ and to the MOON🐱🏍.
Shiba Inu Coin
Shiba coin would need to climb 12,000,000% to hit $1. Since January, the coin has jumped about 2,000,000% every month. So, it could — in theory — hit $1 by the end of 2021 if it keeps up that growth, according to Market Realist.
Pros and Cons of Coins
What people says about the Coins??
Everyone have trust in both coins that they will bring them fortune and the hopes re high
Elon Musk and his supporters says Doge to the MOON and it's opposition says Shiba to the MOON and i say Both to the MOON.
Doge coin is very famous because of Elon supporting it but no famous personality is holding hands of Shiba Inu ,it's just us who believe that one day Shiba will reach 1$ and we will become Millionaires and hence it has a good community support.
If you have reached here, thanks for reading it to the full, dm me on twitter if you have any doubts
