Memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) have greatly relied on billionaire Elon Musk to pump their tokens. However, their value has dropped drastically ever since Musk got busy with managing Twitter. In this article, we will take a closer look at Dogecoin (DOGE) and Shiba Inu (SHIB) and explain why investors of these tokens are heavily invested in . Let’s dive right in!
Will Dogecoin Ever Get To a Dollar?
Dogecoin’s (DOGE) all time high is $0.74 and it has failed continually to test the $1 resistance. Many of Dogecoin’s investors have hoped that with Elon Musk’s influence, the coin could break the resistance this year. However, that has not been the case and the fact most of Dogecoin’s pumps have come from Musk’s promotion further highlights the weaknesses of the token. Whether or not Dogecoin (DOGE) holders admit it, Dogecoin (DOGE)remains a memecoin which provides little or no utility to the crypto community as a whole. Furthermore, to be successful in the crypto space, tokens like Dogecoin (DOGE) need to solve major issues or provide real value rather than moving with just “vibe” and living on hopium from the world’s richest man.
There were also talks that Dogecoin (DOGE) could become an integral part of the Twitter ecosystem once Elon Musk took over Twitter. But that hasn’t been the case as Musk has been tight-lipped about whether or not he plans to introduce Dogecoin (DOGE) as a payment method on Twitter. With all that has happened, it has become quite obvious to Dogecoin (DOGE) investors that the token provides no long-term value for them and that explains why they are moving to more profitable ventures like investing in the token.
Shiba Inu Has Failed To Live Up To Expectations
For a coin dubbed the “Dogecoin Killer,” Shiba Inu (SHIB) has failed to live up to expectations. Many Dogecoin investors and holders divested some of their funds in Shiba Inu (SHIB) in hopes that SHIB was going to enjoy more success than Dogecoin. However, that hasn’t been the case with SHIB having a lesser Market Cap than Dogecoin. As such, SHIB’s holders have had to deal with the fact that the token isn’t the leader of the pack in an already saturated memecoin market.
Shiba Inu (SHIB) has undoubtedly enjoyed enough hype and backing from prominent players like Ethereum’s founder Vitalik Buterin and Elon Musk. However, that hasn’t translated to much success for SHIB’s price. SHIB is currently priced at $0.00000816, 74.77% below the all time high of $0.000032. This all time high came at a high when memecoins were at the top of their game and seen as the “Alpha” in the crypto community. SHIB’s developers have also mentioned plans to rebrand the token in hopes that it could lose its memecoin status and provide long-term value to investors. However, there is no assurance that such plans could take SHIB to new highs. SHIB may have seen its peak during the memcoin run and investors know this. That is why they are selling their SHIB bags and looking for other options to make enormous gains from. Let’s take a look at why they have their eyes set on the Snowfall Protocol.
Snowfall Protocol Is The Next “Alpha” In the Crypto Space
The is building something special with its cross-chain bridge. The platform allows users to move their fungible and non-fungible assets across various blockchains without any hassle. also offers its users staking and yielding opportunities. Many experts have attributed the success has enjoyed so far to the value and utility it provides to its investors and users.
successfully completed the first and second stage of its SNW token presale, selling over 190 million SNW tokens in the process. There has been an increasing demand for the tokens as many believe that it could give them massive gains once it launches. SNW’s price has climbed up by over 400% since the beginning of the presale stage. Thankfully, you are still early as the third phase of the presale stage is currently ongoing. With the price having the potential to climb as high as 5000%, it is definitely a good investment! Sign up to purchase some SNW tokens today!
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