During the last bull season Dogecoin (DOGE) and Shiba Inu (SHIB) were two of the leading cryptos driving the price. But even as interest in the crypto space has picked up this year, the two dog coins don’t seem to be getting the same interest.
The biggest gains in bull seasons are dominated by newer cryptos, and TMS Network (TMSN) is one whose presale has exceeded all expectations. Will this continue, and will Dogecoin (DOGE) and Shiba Inu (SHIB) ever gain their popularity back?
Dogecoin (DOGE) is a decentralized digital currency that was created in 2013 as a parody of Bitcoin. It uses a proof-of-work consensus algorithm and has a similar blockchain structure to Bitcoin. However, Dogecoin (DOGE) has a higher supply cap and faster block times.
Dogecoin (DOGE) gained a cult following due to its playful and friendly community, and has been used for charitable causes and tipping on social media platforms. In 2021, Dogecoin (DOGE) experienced a surge in popularity and value after Elon Musk shilled it on Twitter.
But is interest in Dogecoin (DOGE) slowing down? Market sentiment would suggest, as the price is struggling even as other cryptos surge.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a cryptocurrency that was created in August 2020 as an ERC-20 token on the Ethereum blockchain. It was inspired by and supposed to be the Dogecoin (DOGE) killer. Shiba Inu (SHIB) has a community-driven approach, and it aims to create a decentralized ecosystem for the exchange of value and the creation of dApps.
The Shiba Inu token $SHIB gained popularity in the cryptocurrency space due to its meme-inspired branding and its low price. The Shiba Inu (SHIB) token has recently been added to new exchanges, but the price hasn’t seen a positive reaction.
It attracted many retail investors in the previous bull season, but again there seems to be a lack of interest in Shiba Inu (SHIB) as investors start looking for real world disruptors instead of memecoins.
TMS Network (TMSN)
TMS Network (TMSN) has successfully completed Stage 1 of its presale, raising over $500k due to high levels of interest from investors and traders. This blockchain-based project is set to revolutionize access to features such as stocks, FX, CFDs, and over 500 cryptocurrencies, and has been capturing the attention of many in the industry.
By utilizing cryptocurrency payments and connecting users’ wallets, TMS Network (TMSN) enables direct trading of all derivatives without relying on third parties, creating an account, or giving up assets. This Ethereum-based trading platform has the potential to disrupt traditional trading practices.
TMS Network’s native token, $TMSN, allows holders and users to earn commissions from trading volume across the platform. Holders can also generate an income by using the token to inject liquidity or stake the token to help secure the network, making the token a valuable asset.
The project’s value proposition and growth potential have generated significant interest among traders and investors. The presale is currently in Stage 2, with the token priced at around $0.03, and with conservative predictions of over $1 value by the bull season peak, TMS Network (TMSN) could gain from the lack of interest in Dogecoin (DOGE) and Shiba Inu (SHIB).