1.8 million people have now added SHIB to their watchlist on CoinMarketCap beating Dogecoing (DOGE) by more than 200,000.
SHIB is currently trending on Twitter as SHIB news was released that developers had launched an updated version of their ecosystem website today.
The Shiba Inu community has now grown to an astonishing 3.6 million on Twitter.
The community had achieved its first million milestone in October of 2021 when SHIB reached its second all-time high.
Some of the biggest SHIB news leading to the new year included the cryptocurrency getting listed on Kraken and eventually trading on Robinhood.
Today, the SHIB community is waiting for the next major gainer during the next bull run.
Here’s what’s happening with SHIB.
SHIB Army Expansion
The SHIB army continues to expand, sharing its uniqueness with other likeminded communities.
PlaySide Studios has partnered with Shiba Inu Games in such an early phase of the cryptocurrency and gaming development.
PlaySide said it continues to collaborate with strategic partners to develop games using the latest trends that are shaping the future of the gaming industry.
“With booming global trends such as the metaverse and the growing popularity of new technologies including cryptocurrencies, nonfungible tokens (NFTs), and blockchain gaming; new opportunities in games continue to emerge.”
Gaming seems to be a big niche where blockchain technology is headed to grow the industry.
Companies such as GameStop have now begun to dive into this process through their NFT Marketplace.
SHIB Price Changes in the Last 24hrs
SHIB price chart today.
Shiba Inu coin is currently up 3.20%.
Its market cap is up 3.25%, with trading volume at 109 million.
The ‘meme token’ currently ranks at #15 on CoinMarketCap and #12 on Coinbase.
Are you holding SHIB?
If so, how many millions?
What are you most excited for the community in 2023?
Leave a comment down below.
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Shiba Inu Coin is up more than 57 million percent this year.
The cryptocurrency has become one of the most popular cryptos since its rise to 9300.
It’s made the top 10 list of most popular cryptocurrencies and continues to gain mass attention from the crypto community.
However, SHIB has been falling for two months straight since its runup.
Should you buy Shiba Inu coin now or wait for more dip?
Welcome to Franknez.com – today I want to touch topic on a beloved cryptocurrency that continues to stand out and innovate.
Let’s get started!
Shiba Inu Innovation
One of the biggest reasons you’d invest in a cryptocurrency is whether the crypto is innovating or not.
While Shiba Inu Coin might have started as a meme, it has many plans for the future that make it an attractive long-term investment for current SHIB holders.
Let’s start with some of the most recent SHIBA news.
Shiba Inu Games
Shiba Inu News – Shiba Inu Games
SHIB has announced that they are finalizing paperwork with a triple A studio (AAA Studio) to create both mobile gaming and metaverse gaming, via. Shytoshi Kusama.
And although they can’t say much, they mention that this AAA Studio has worked with the likes of Disney and Warner Bros., so you know this is going to be quality work.
In fact, the studio just launched its Twitter account this month of December.
PlaySide Studios will be the AAA Studio working on this project.
Joining the Shiba Inu team is game industry veteran, William Volk.
William Volk was the former Vice President of Tech for Activision.
“I am honored to be working with an amazing team on what will become one of the most significant games of all time”, says William.
The first game the SHIB team will be developing is called Shiboshi and will be primarily for mobile.
And with Shiba Inu Coin now trading on Kraken, it’s only a matter of time before larger trading platforms such as Robinhood begin trading the cryptocurrency.
SHIB has gone mainstream and is no longer considered to be a meme token by some.
The value this crypto is providing in projects to several communities is astonishing.
Shiboshis (Shiba Inu NFTs)
Shiba Inu NFTs – Shiboshi – should you buy Shiba Inu coin?
Shiboshis are another one of Shiba Inu Coin’s innovative projects in the NFT realm.
The NFT community is changing the way we transact value, product, and services.
Dogecoin has taken the internet by a storm. This cryptocurrency keeps increasing in value and it’s leaving old economic ways behind.
Doge is currently known to be ‘The Internet Currency’ since the takeover of memes and online trading.
Although Dogecoin started as a joke, it has now succeeded as a peer-to-peer cryptocurrency.
Doge has hit another milestone thanks to no other than Elon Musk who seems to love this cryptocurrency and its community.
Dogecoin soared 800% in just on day in late January. We saw a spike in AMC during this time as well.
Now, the fact that Elon Musk can tweet out a meme and allow a community of investors to make money from it is hilarious and amazing at the same time.
The influence man. We’ll go over that a little later. Let’s go over why Dogecoin is causing a disruption and frenzy everywhere online.
Welcome to Franknez.com – the blog where you can digest content on stocks, crypto, and market news. Today we’re getting into Dogecoin.
Lets get started!
What is Dogecoin?
Dogecoin is a digital currency that can easily be sent online from person to person with total security.
You can send Dogecoin to people internationally within seconds. Dogecoin is also now being accepted by online retailers! This means you can use it actually purchase both digital and hard goods from businesses accepting this form of payment.
Dogecoin Cryptocurrency launched at the end of 2013. It rose in popularity at a time when the creators were just beginning to explore the possibilities in regards to Bitcoin’s invention.
It is currently a hype coin due to the Reddit community teaming up to take it to the moon. Which by the way they’ve done an excellent job in, attracting multiple celebrities to the cryptocurrency and meme community via Twitter.
Pre-Dogecoin
Dogecoin currency was originally copied from an earlier cryptocurrency known as Luckycoin, which no longer exists. In 2014 Dogecoin’s mining process was integrated with Litecoin’s.
What is cryptocurrency mining?
Mining is a term used when cryptocurrency data such as transactions and data blocks are being recorded in a blockchain.
So, who created Dogecoin? The developer known to invent Doge are Billy Markus and Jackson Palmer. Their idea came about when deciding to create a form of payment that could be instant, fun, and free from traditional banking fees.
What can I purchase with Dogecoin?
You can buy gifts, groceries, services, and pretty much just about anything else the dollar can buy online.
You’ll be surprised that the Dallas Mavericks are have accepted Doge as a form of payment for both tickets and merch.
In fact, they are currently the largest Dogecoin merchant in the world. More on that below.
Companies accepting Dogecoin as payment
A few companies such as The Kessler Collection announced that it would be accepting Dogecoin for payment at its hotels through their partnership with BitPay.
The Kessler Collection owns some of the biggest hotels and resorts including the Beaver Creek Lodge, Casa Monica Resort & Spa, Elliot Park Hotel, and Grand Bohemian Hotel Asheville to name a few.
Even the adult entertainment industry has begun accepting Dogecoin payment along with Bitcoin and Ethereum.
Dogecoin is primarily used in the gaming and streaming world as a means to tip content creators. We’ve seen this on Reddit and Twitter.
However, more and more mainstream companies are accepting cryptocurrency as a form of payment. The question is how did all of this blow up?
Dogecoin is revolutionizing the way we transact and buy things. There is no middleman or bank to process your transactions or take a cut.
Every transactions is also completely anonymous.
Dogecoin has a block time of 1 minute while other cryptocurrency has a block time of approximately 10 minutes. This means transactions are a lot quicker if you’re using Doge. This is something people really love about Doge.
Because of this, Dogecoin is a better use-case as a currency than other cryptocurrency because of how convenient it is.
The power of social media
Elon Musk took to twitter his personal support for Dogecoin. SpaceX’s CEO influenced Doge to soar more than 100% from one tweet alone.
But that’s not all, Elon has now published several tweets regarding cryptocurrency in general, we’ve seen this with Bitcoin too. Elon has figured out that his influence can legitimately increase the price of an asset.
We wonder if this is all a test. Can he do this with other assets?
Well, people figure he can. Retail investors and meme investors alike tweet Elon every day pitching him ticker symbols to call out. This of course is in hopes that said stock will see a surge in price action.
Oh come on Elon, do us all a favor!
Elon Musk Tweets Doge
While some people might have thought Elon to be a little crazy for supporting cryptocurrency, the Reddit community surrounding these meme stocks and coins have praised Musk.
When you have someone as big as Elon Musk supporting your community it no longer becomes a joke. He’s even announced that you can now buy a Tesla with Bitcoin.
For those of you who thought cryptocurrency was just a trend, think again. Cryptocurrency is changing the way we transact and view the digital world.
Other celebrities that have endorsed Dogecoin include Snoop Dogg, Gene Simmons, and Kevin Jonas. Mark Cuban just recently announced he would be accepting Doge as a form of payment for tickets and merchandise.
We’ve seen Mark support what retail investors are doing in the meme world of stock investing as well. He’s mentioned on r/wallstreetbets that his 11 year-old son took a position in both AMC and Blackberry stock via. Markets Insider.
The Dogecoin community and foundation raised about $50,000 worth of Doge in 2014 for the Jamaican Bobsled Team, which had qualified for but could not otherwise afford to attend the Sochi Winter Olympics.
This act inspired a second donation by the Dogecoin community led by Eric Nakagawa. Donations were collected to build a well in the Tana river basin in Kenya with Charity: Water. They raised approximately 40 million doge valuing $30,000 at the time.
In this same year, the community also raised 67.8 million Dogecoin, approximately $55,000 at the time, in an effort to sponsor NASCAR Sprint Cup Series driver Josh Wise. Also nicknamed ‘Moonrocket’. The car featured a Dogecoin/Reddit paint scheme.
What’s the difference between Bitcoin and Dogecoin?
Dogecoin stands out as being the easiest and quickest to transact. Another advantage this cryptocurrency has over Bitcoin is that it’s cheaper to use.
This is mainly because until recent times it’s been less popular than Bitcoin.
Cryptocurrency supply
Bitcoin has a max supply of 21 million gill which means it’s a deflationary type of currency. Because there’s only an exact quantity of currency, the price action will continue to surge as the demand for Bitcoin increases. This is Bitcoins advantage.
Dogecoin on the other hand is an inflationary currency which means we continue to make more of them. Just like our USD. It’s initial supply was capped at 100 billion DOGE, but developers scrapped this idea a few months after the launch.
10,000 dogecoin is being created every minute. Unlike Bitcoin, there’s no limit to how much doge can exist. While Dogecoin can spike in the short-term, it’s highly unlikely it holds its value once more people start using it. This is primarily due to the fact that Doge is being created every minute.
What does this mean for the price of Doge?
Because Doge is not rare, all this means is that it’s going to take a lot more work for Doge to increase in price. Once the entire world is using Dogecoin, chances are 1 dogecoin will equal 1 dogecoin.
Can Dogecoin reach $1?
According to the market cap, Doge is worth approx. $0.31. In order for Doge to reach one dollar it would need a price increase of 300%. That’s quite a big jump.
The market cap would have to be approximately 125.4 billion which is an insane number. Doge will have to grow larger than the top 8 cryptocurrencies combined:
Bitcoin
Litecoin
Stellar
Chainlink
Cardano
Polkadot
Ripple
Tether
The closes cryptocurrency with that market cap is Ethereum. Doge could potentially reach $1 but it’s going to take quite some time.
The question is, will there be enough hype and people getting in on the cryptocurrency to increase the market cap up to 125 billion?
You be the judge.
What’s with Doge 4/20?
Doge 4/20, also referred as Doge Day, is the day the Dogecoin community hopes to celebrate the day Doge reaches $1.
Even if Dogecoin doesn’t go to $1 on April 20, it’s highly likely the community marks 4/20 as DogeDay.
So what exactly happened on DogeDay 4/20?
They cryptocurrency actually dipped with many investors continuing to add to their positions. DogeDay could have really used a tweet from Elon.
Recent Dogecoin news
Dogecoin crashes Robinhood: Robinhood just recently announced that they would be allowing their users to buy Doge from the platform. The results? A massive crash. Though, everyone was still able to buy Doge.
A petition for Amazon to start accepting Dogecoin has surfaced on change.org. You can view it here. If that happens then the price of Dogecoin will skyrocket.
With Dogecoin getting more popular by the day, it’s no surprise transactions crashed Robinhood.
Investors beware, Robinhood is no longer known as a quality trading platform since the halt of GameStop and AMC purchases. Don’t say you weren’t warned.
If Dogecoin is accepted as a from of payment from Amazon, this will influence more people to by the cryptocurrency, as well as increase it’s value. Whether this happens or not we’ll just have to find out. This post is continuously being updated as recent news and updates emerge.
Where can I buy Dogecoin?
Here’s a list of exchanges where you can buy Dogecoin:
Your English platforms will be Coinbase, Kraken and Binance. I personally use Coinbase. The layout is simple and easy to use.
Making my first deposit in Coinbase was easier than I thought and it didn’t take long at all for my deposit to go through.
Purchasing cryptocurrency seems quicker and easier than purchasing stocks which is something I really liked. Perhaps it’s Coinbase’s quick layout that makes it seem so easy to transact. I highly recommend it though, be sure to check it out for yourself.
How much does Dogecoin cost?
Dogecoin is currently trading around $0.26. and is ranked #8 in popularity on the watchlist via. Coinbase.
Will Dogecoin keep going up?
As long as people keep buying doge the price action will continue to go up. We’ve seen institutions and companies start to buy this cryptocurrency for quite some time now.
This reminds me of what’s going on with AMC Entertainment at the moment. More and more institutions are bulking up on the stock. We’ve seen that this of course drives price movement.
As doge continues to grow in popularity, so will its price.
Should you buy Dogecoin?
Dogecoin has the potential to be a crazy short-term investment. If you’re looking to make a quick trade then Doge could be for you. Especially with heavily influential people driving the value up with a single tweet.
Dogecoin is a token that can be easy to transact in online communities. If you’re active in communities that accept it then it can be a great currency for tipping content creators you appreciate.
Or, if you want to simply be a part of the Dogecoin movement and have some cryptocurrency in your portfolio, buy it.
How can I keep my cryptocurrency safe?
It is best not to keep your cryptocurrency in your exchange accounts. You can send your cryptocurrency to a cold storage wallet. These are basically USBs with passwords. Ledger is a company known for it’s cold storage wallets.
If you happen to hold a large amount of cryptocurrency, I suggest investing in one of these bad boys for a peace of mind.
Elon Musk just announced Tesla will be accepting Dogecoin cryptocurrency as a form of payment for its merchandise.
You can’t buy a Tesla roadster with Dogecoin yet, but you will be able to purchase the company’s apparel.
The tech titan has been extremely fond of Dogecoin and owns the cryptocurrency asset himself.
What will this mean for Dogecoin and cryptocurrency adoption moving forward?
Welcome to Franknez.com – Dogecoin just gained one of the most influential people on this planet to adopt it for transactions. Here’s a brief discussion of what’s happening right now.
Let’s get started!
Tesla’s Dogecoin news is official
Tesla announced on its website that Dogecoin is the only cryptocurrency they will be accepting.
The company cannot receive or detect any other digital asset.
According to Tesla, the tax amount will already be included in the finalized transaction and additional fees from the Dogecoin network will also apply to your purchase.
Doge transactions will also be irreversible simply due to the nature of how the network works.
You cannot cancel an order if you’re purchasing with the cryptocurrency either.
Once your payment has been successful through the Dogecoin network, Tesla will send you an email confirmation of your purchase.
You can read more about Tesla’s cryptocurrency payment policy here.
Shiba Inu crypto is rising and the Shiba army just reached 1 million on Twitter.
We’re starting to see SHIB cool down now which is quite normal after a significant runup.
Let’s dive into Shiba Inu news, community, and SHIB price predictions.
Welcome to Franknez.com – the blog that keeps you informed on rising stocks and rising crypto. Today we’re diving straight into Shiba Inu. (Video bonus at end of article)
Let’s get started!
Looking at Shiba Inu’s one year chart and you’ll find that the cryptocurrency is up more than 37,000,000%.
How in the world did anyone sleep on this?
But don’t beat yourself up because SHIB has an active and growing community both on Twitter and Reddit, and they’re going long on this crypto.
SHIB is becoming more popular, being deemed the ‘DOGE killer’.
DOGE has quite a massive community too. Is SHIB the DOGE killer? I like to see them as two very separate entities and wouldn’t necessarily pin them against each other.
SHIB’s price is still less than a penny.
Now let me ask you, if you could go back in time and buy Bitcoin or Ethereum when it was less than a penny, would you?
The trading activity in SHIBA has also upgraded from 75% buy and 25% sell to 84% buy and 16% sell.
Long term buying and holding with a combination of burning could move this crypto beyond precedented means.
Is Shiba Inu Deflationary?
Shiba Inu coin is deflationary. There are currently 394.8T SHIB circulating the market.
As more SHIB are ‘burned’, or eliminated from the market, we can expect the price of SHIB to rise.
Another cryptocurrency that is deflationary is Bitcoin.
Unlike inflationary coins, deflationary coins will tend to hold their value significantly longer.
Dogecoin is an inflationary cryptocurrency, where several coins are being made per minute!
SHIB on the other hand is limited, like Bitcoin.
Supply and demand has a massive effect on deflationary cryptocurrencies like Bitcoin and SHIB.
Another coin that’s deflationary is Ethereum, ETH.
SHIB’s All-Time High Is Making A Statement
In the last 24 hours, the Shiba Inu price has rallied 43% to 0.00004127 while trading volume has soared more than 950% to $12 billion, via FX Empire.
Crypto communities are growing and they’re here to stay.
Not being involved in one could cost you massive opportunities.
Both the Twitter and Reddit communities are filled with positive long-term holders cheering on their favorite crypto.
These communities are the strength of this cryptocurrency and future of its growth.
The SHIB Community Hits 1 Million Followers on Twitter
Thank you, #ShibArmy, for helping us reach yet another milestone in our history. Today, we reached 1,000,000 Followers on Twitter.
We can see from its price history that it has been setting both higher highs and higher lows.
SHIB has already been eating zeros and I believe it will continue to do so until it reaches $0.01, $0.05, $0.10, until eventually reaching it’s way up to a dollar.
How soon? I believe we will see SHIB hit $1 this decade as the community continues to grow.
The Demand For Shiba Inu Is Increasing Rapidly
Platforms such as Robinhood don’t trade SHIB yet.
There’s been talks about SHIB joining Robinhood but as of right now it doesn’t seem like CEO Vlad Tenev has any plans to include this crypto.
Retail investors have even taken it to create a petition on change.org for Robinhood to include SHIB.
People are rushing to buy this cryptocurrency by opening accounts with other firms.
Where Can I Buy SHIB?
These are the platforms where you can buy Shiba Inu coin:
I expect that as more retail investors demand it from their exchanges and brokers, SHIB will be offered by more platforms.
This demand will cause the cryptocurrency to skyrocket again in the short term.
However, SHIB should not be traded for short term gains. The possibilities are too high to make a quick buck from this crypto.
Delayed gratification is what has made early Bitcoin and Ethereum holders extremely successful and profitable.
The best way to invest in this cryptocurrency is by setting a budge aside every month for it.
In a world where inflation continues to go up and banks don’t pay interest, vehicles such stocks and crypto are becoming more popular than ever before.
Is Shiba Inu Coin A Buy?
I’m giving Shiba Inu coin a strong buy.
The community has a strong conviction and is very united. The crypto is so affordable that $100 will earn you more than 2 million SHIB.
When this cryptocurrency reaches $0.01 those $100 will be worth about $26.6k.
Investing $1,000 today will earn you approximately $266.3k when it reaches $0.01.
I look at what deflationary coins such as Bitcoin and Ethereum have managed to accomplish and I don’t see why SHIB doesn’t have those same possibilities.
Granted, massive runups took time. Lots of it.
Delayed gratification has made successful investors multi-millionaires.
Go back in time today, and secure your future.
Are You Holding SHIB?
Leave a comment below. Are you holding SHIB? What are you price predictions? At what price will you be a SHIB millionaire?
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