An Account On The Two Cryptocurrencies That Are Threatening The Biggest Memecoin
In the crypto-currency and DeFi investment industry, there are new tokens and fresh fortunes to be made every day. It is estimated that the cryptocurrency market would be worth $3 billion by the year 2025, with a current total of 17,000 cryptocurrencies in circulation.
It’s also a positive thing that blockchain and cryptocurrency technology are constantly evolving and allowing investors to gain passive incomes through diverse streams of investments.
The memecoin world, with Shiba Inu (SHIB) and Dogecoin (DOGE), which started as a “joke” reaction to the famous Bitcoin (BTC), has been creating millions and millionaires all across the globe. Same for altcoins like Seesaw Protocol (SSW), especially in presale stages, which have been historically able to turn even small investments into gold mines.
Shiba Inu (SHIB)
Shiba Inu (SHIB), the famous memecoin, has been added to the Bitcoin of America (BoA) ATM network, which includes over 1,800 machines distributed over more than 31 different states in the United States. It’s also worth mentioning that the corporation announced support for yet another renowned memecoin – Dogecoin (DOGE) – back in March.
Currently, SHIB is up +1.81% in 24h of trading.
Experts are predicting the coin will increase in value in 2022, reaching a price of $0.000035 from the current $0.000026. Can Shiba Inu reach a keep the numbers up like Seesaw Protocol?
Dogecoin (DOGE-USD) experienced a resurgence in interest this morning as a result of Musk’s investment. It seems reasonable that crypto-traders would be looking into Shiba Inu alongside DOGE today. The two pooch-coins are battling again for the golden meme-medal.
DOGE’s rise isn’t the only reason why cryptocurrency investors are interested in SHIB right now. The cryptocurrency is also forging forward with its aspirations for the metaverse. This might result in increased utility, which may in turn result in a rise in the price of cryptocurrency and more gains for holders.
Customers can acquire virtual plots of land in the Shiba Inu metaverse, which incorporates virtual plots of land for sale. There will be a maximum of 100,595 plots of land available in its metaverse, although not all of them will be available for purchase. Some will stay unpurchaseable in order to serve as public places, while others will be locked behind tiers.
With all of that in mind, investing in SHIB today could be very beneficial for wallets.
Seesaw Protocol (SSW)
Seesaw Protocol (SSW) is about to go live on trading markets, much to everyone’s excitement. The surge has been fantastic since January, reaching a 3800% increase in the value of the new cryptocurrency during its presale stage, still live. 3800% increase in the value of the new cryptocurrency during its presale stage, still live. A surge in price from $0.005 to $0.20 meant that early buyers were in an excellent position to benefit. There will be $1 million in liquidity for the Seesaw Protocol (SSW) when it launches on April 8th, according to its website.
Liquidity: What Is It, and Why Is It So Crucial?
The term liquidity describes how quickly and easily an item can be exchanged for cash or used to make a new transaction. Because of this, financial assets’ liquidity is critical.
Investing in a market with a high level of liquidity ensures that investors can transact swiftly, conveniently, and at fair prices. Seesaw Protocol has currently, with plans to increase, a whopping 1 Million USD flowing in its network, keeping it functioning.
Presale access to the Seesaw Protocol (SSW) is now available and it is not too late to get in and benefit from the huge increase the protocol, and its holders, have witnessed – a surge worth millions of dollars and a +67% in one month. With SSW, the numbers speak for themselves.
In the wake of the news that Tesla CEO Elon Musk acquired nearly 10% interest effectively becoming the biggest shareholder of Twitter (TWTR), the value of Dogecoin’s DOGE tokens jumped 10% on Monday.
At 10:30 UTC, news of Musk’s position in DOGE sent the stock price surging from $0.143 to above $0.156, according to data on Coinmarketcap.com.
Prices dropped and at the time of writing, a DOGE coin is worth $0.150
Some other memecoins were affected positively as a result of the “Elon Boost”.
Along with the rise in DOGE, Shiba Inu’s SHIB, rose 5%.
At the current share price, Musk’s, one of the most well-known cryptocurrency supporters, Twitter holdings are worth an incredible $2.8 billion.
Tesla, Elon’s electric vehicle firm, was said to have over $2 billion in bitcoin at the end of 2021. However, Tesla also began taking Bitcoin (BTC) as payment for its cars in 2021, but the idea was eventually cancelled in response to climate-change concerns.
Tesla’s online store also takes DOGE payments.
DOGE’s stock price had already risen by 11% as a result of this announcement in January.
Press Release Distributed by ABNewswire.com
To view the original version on ABNewswire visit: Are Shiba Inu (SHIB) and Seesaw Protocol (SSW) the Dogecoin (DOGE) beaters?