WHAT DOES MEME COIN MEAN?
A meme coin is a cryptocurrency that is based on a meme or that was created as a joke in much the same way as a meme. The term meme coin can also refer to a unit of such a cryptocurrency.
Perhaps the most prominent cryptocurrency commonly referred to as a meme coin is doge, a cryptocurrency based on the doge meme. But there are many, many others.
Sometimes, the term meme coin is applied in a dismissive way to more mainstream cryptocurrencies, often to imply the belief the cryptocurrency will be short-lived or is likely to lose value after initial activity.
Meme coins are often collected or traded by people who simply want to be part of the joke, but, like other cryptocurrencies, they are sometimes treated as investments whose value can increase sharply along with popularity. In general, cryptocurrencies are generally considered highly volatile, and meme coins are seen as particularly prone to such volatility.
How much a meme coin called shiba inu returned to buyers?
Shiba Inu’s short-term gains are jaw-dropping
To give you some idea of just how jaw-dropping Shiba Inu’s return has been in such a short time frame, I thought it’d be fun to compare it to the S&P 500 over a long stretch. Between the beginning of 1965 and the end of 2020, the S&P 500, inclusive of dividends paid, returned more than 26,000%. Meanwhile, in the less than 15 months since Shiba Inu made its debut on Aug. 1, 2020, SHIB tokens are up by 7,047,058%. That’s over 7 million percent!
How does a cryptocurrency gain over 7 million percent in such a short time span? To begin with, it’s getting a lot of help from cryptocurrency exchanges. A number of key crypto exchanges have welcomed SHIB for listing, which has the potential to increase ownership and possibly boost real-world use/adoption.
To build on this point, most digital currencies don’t have easily available derivatives that short-sellers can use to bet on future downside. In other words, whereas it’s relatively easy for pessimists to place a bearish bet in the stock market, it’s extremely difficult, if not impossible, to do so with most cryptocurrencies, including SHIB. This creates a buy bias that tends to pump up digital currency valuations, leading to the “fear of missing out,” or FOMO, that drives valuations to the moon.
Credit for these gains may also be partially due to the launch of ShibaSwap in July 2021. ShibaSwap is a decentralized exchange that allows SHIB holders to stake their coins to earn interest. More importantly, it’ll encourage investors to hang on to their tokens for a longer period, which could minimize the likelihood of wild vacillations in the price of SHIB.
Why xrdoge is much better than shiba inu?
shiba inu is based ethereum while xrdoge is based xrpl
ethereum needs alot of confirmations for a single transaction and usually takes over 30 minutes to confirm a transaction , while xrp transactions are done in a sec!
So its the first reason for superiority
sending a transaction by xrdoge takes less than $0.0001 while for sending $1000 shiba inu you need over than $80
So its the second reason for superiority
Most buyers of shiba inu are in absolute profit and very high
While xrdoge is still at the beginning of the road
So it’s the third reason for superiority and may be the most important one!
Whats the mission of xrdoge?
The XRP army has hodl’d longer than anyone in the crypto space. We have waded through the blood and bones of FUD, price suppression and conspiracy.
Every day a new meme coin hits the market, and the XRP army are led away to the Boomer tech of the mining world or the shitcoin ripoff ERC-20.
Not anymore, get in on the meme bags, on the lightning fast XRP ledger. We know how crypto should be, fast cheap and achingly cool. So, let’s turn the heads of the Shiba Inu hodlers, and the Doge hodlers, and show them How a crypto meme coin is supposed to work.
Xrdoge is here to unleash the power of xrpl and defeat all other tokens easily!
Learn more: xrdoge.com
Persian twitter: https://twitter.com/XRdoge_persian
official telegram group: https://t.me/xrdoge