Shiba Inu or Tamadoge? Or both? The world of cryptocurrencies offers various investment opportunities to users. So let’s take a look at the latest cryptocurrency investment ideas.
In recent months, we have been able to see a rapid increase in the launch of crypto projects born out of the meme culture. Memecoins usually start as a joke. But some of them caught the imagination of millions of people. Some have even retooled ways to use them productively, whether that’s for paying for things, like with Dogecoin, or for use in a connected Metaverse, like with Shiba Inu.
While you probably can’t retire with memecoin investments just yet, it can be an interesting long-term hedge against inflation.
Before we start investing in a new project, it is important to understand what type of cryptocurrency we are buying and what utility it can provide to the user.
In this article, we will analyze which is the best option for the investor between the well-known cryptocurrencies Shiba Inu (SHIB) and Tamadoge (TAMA).
Shiba Inu is considered one of the most famous memecoins in the cryptocurrency market. It was started in August 2020 by an individual whose identity is unknown – but they use the pseudonym Ryoshi.
The community behind Shiba is one of the strongest communities within the crypto ecosystem.
With 3.4 million followers Twitter, the community is experiencing rapid growth. They are so loyal to their ecosystem that they are called the SHIB army.
At the time of writing, the cryptocurrency was trading at $0.00001308. The market capitalization of the cryptocurrency is $7,177,289,174.71 with a market dominance of 0.70 percent.
For the remainder of 2022, the SHIB price is expected to reach a high of $0.00001530 and a low of $0.00001393. The average exchange price is expected to be $0.00001441.
By 2023, the SHIB price is expected to reach a high of $0.00002444 and a low of $0.00002063. The average exchange price is expected to be $0.00002135.
If the price of the cryptocurrency rises as predicted, it will be a result of the success of its latest project, the Shiba metaverse.
Tamadoge is one of the newest memecoins in the cryptocurrency market. The preliminary launch of the cryptocurrency was done a little over a month ago. Aiming to raise an amount close to two million dollars in its initial presale, memecoin has generated high expectations in the crypto market.
The Tamadoge community has proven to be one of the fastest growing communities, reaching nearly 50,000 users in less than a month since its pre-launch.
Tamadoge has the backing of a serious project behind it called TamaVerse. In this Metaverse, users are expected to be able to create, play and interact with various pets in it in a play-to-win format.
Shiba Inu vs. Tamadoge: The Experts Weigh In
Marcos Bravo Catalan is Director of the Audit and Consulting Department of Beps Global Consultores. “Shiba and Tamadoge have proven to be important cryptocurrencies. Before investing in memecoin, it is important to make sure that we are not investing in a cryptocurrency that could cause us to lose money. Remember that memecoins usually do not add any real value to society, unlike other serious cryptocurrencies.”
Nicolas Tang is Director of External Communications at crypto trading and investment platform Phemex. “The Shiba Token is described as a decentralized meme token that has evolved into a vibrant ecosystem. It’s hard to deny the impact the project has had. From its colorful history involving Vitalik Buterin’s token burn and donation to the launch of its DEX, SHIB sure knows how to grab attention. I’ve mentioned my distaste for meme tokens in the past, but I have to admit, it’s hard not to be charmed by this cute dog-inspired movement. Ultimately, this helped increase the general adoption of crypto, and I believe that is a net benefit to all of us. “
SHIB vs TAMA: Which is the better investment?
Shiba and Tamadoge share certain characteristics. Both are memecoins and both cryptocurrencies have Metaverse projects behind them.
Tamadoge is one of the newest in the memecoin world. Shiba has been on the market for some time.
Shiba only recently announced the launch of its metaverse. And Tamadoge raised almost $2 million in less than a month.
For less risky and more traditional investors, Shiba is positioned as the right choice. But for those with a taste for risk, Tamadoge is a good choice.
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