Shiba Inu and Dogecoin Jumps Over The Weekend: Will Altcoins Like PrivaCrip Follow The Memecoin Spike?
Following a large market decline in 2022, curiosity in meme coin Shiba Inu (SHIB) is increasing, with greater capital inflows. SHIB’s comeback has coincided with broader crypto market increases led by large-cap assets such as Bitcoin (BTC) and Ethereum (ETH).
Notably, following a shaky first half of 2022, SHIB began to show signs of recovery in July, with the gains corresponding with the wider market, which has been trading in the upward trend over the last few weeks.
The surge occurred when ether (ETH) went beyond the $2,000 barrier on Sunday night, ahead of the network’s Merge event, which is scheduled for September. Bitcoin (BTC) has surpassed the $25,000 mark for the very first time since June.
SHIB soared up to 30%, while DOGE gained 15%, before reversing in the European morning hours as investors grabbed gains. DOGE surpassed Polkadot’s DOT tokens to join the top ten cryptos by market capitalization, with a total worth of a little over $10 billion.
Memecoins Aiming To Evolve The Utility
The main criticism of Dogecoin and Shiba Inu has been their lack of use cases and utility. Meme coins are exclusively identified with pranks and jokes and are not supported by real-world assets or actual digital enterprises. Their value and stability are determined by virtual conditions, particularly speculation. As a result, if the hype surrounding them fades, their value is very likely to plummet in the lack of any real-world underpinning.
However, understanding the issues behind the lack of real-world applications, Dogecoin and Shiba Inu are evolving to include further use cases and increase the adoption of these cryptocurrencies.
Shiba Inu has officially turned to shed its meme coin title to include further utility for the project. Shiba Inu’s developers have created amazing projects like a decentralised exchange, a metaverse initiative, an official burn page, and so on. Shiba Inu’s team is still working on additional projects, such as a play-to-earn (P2E) gaming platform and a Layer-2 blockchain called Shibarium.
SHIB is currently accepted as a payment mechanism by hundreds of shops, has secured various partnerships, and is accessible for trade on over 100 exchanges, such as Coinbase, Robinhood, and Binance. The Shiba Inu team built a burning portal, which assisted the community in burning 60B coins in a matter of months.
The Dogecoin Foundation has recently gone through tremendous efforts to convert DOGE into a payment token. Third-party payment connections with Coinbase, partnerships with many prepaid card providers, and the development of a “JSON-RPC interface” allowing stores to link with the blockchain illustrate this directly.
Will PrivaCrip Become The Next Big Altcoin?
PrivaCrip (PRCR), a new cryptocurrency initiative, provides one-of-a-kind solutions to the most challenging problems in the decentralised finance (DeFi) space. The new coin is built on a Layer-1 Cosmos platform. PrivaCrip intends to address the security and privacy concerns that have plagued DeFi since its emergence in the cryptocurrency market.
It is generally acknowledged that coins must trade anonymity or security in order to establish a fast blockchain network. As explained in the Bitcoinist article, the PrivaCrip developer team, on the other hand, thinks they may be able to discover a solution by increasing platform security through the combined use of a proof-of-stake (PoS) with Tendermint’s Byzantine fault-tolerant consensus methods.
To learn more about the new PrivaCrip project, check out this article.
PrivaCrip (PRCR)
Presale: http://join.privacrip.io/
Website: http://privacrip.io/
Telegram: https://t.me/PrivaCripOfficial
The post Shiba Inu and Dogecoin Jumps Over The Weekend: Will Altcoins Like PrivaCrip Follow The Memecoin Spike? appeared first on .
Following a large market decline in 2022, curiosity in meme coin Shiba Inu (SHIB) is increasing, with greater capital inflows. SHIB’s comeback has coincided with broader crypto market increases led by large-cap assets such as Bitcoin (BTC) and Ethereum (ETH).
Notably, following a shaky first half of 2022, SHIB began to show signs of recovery in July, with the gains corresponding with the wider market, which has been trading in the upward trend over the last few weeks.
The surge occurred when ether (ETH) went beyond the $2,000 barrier on Sunday night, ahead of the network’s Merge event, which is scheduled for September. Bitcoin (BTC) has surpassed the $25,000 mark for the very first time since June.
SHIB soared up to 30%, while DOGE gained 15%, before reversing in the European morning hours as investors grabbed gains. DOGE surpassed Polkadot’s DOT tokens to join the top ten cryptos by market capitalization, with a total worth of a little over $10 billion.
Memecoins Aiming To Evolve The Utility
The main criticism of Dogecoin and Shiba Inu has been their lack of use cases and utility. Meme coins are exclusively identified with pranks and jokes and are not supported by real-world assets or actual digital enterprises. Their value and stability are determined by virtual conditions, particularly speculation. As a result, if the hype surrounding them fades, their value is very likely to plummet in the lack of any real-world underpinning.
However, understanding the issues behind the lack of real-world applications, Dogecoin and Shiba Inu are evolving to include further use cases and increase the adoption of these cryptocurrencies.
Shiba Inu has officially turned to shed its meme coin title to include further utility for the project. Shiba Inu’s developers have created amazing projects like a decentralised exchange, a metaverse initiative, an official burn page, and so on. Shiba Inu’s team is still working on additional projects, such as a play-to-earn (P2E) gaming platform and a Layer-2 blockchain called Shibarium.
SHIB is currently accepted as a payment mechanism by hundreds of shops, has secured various partnerships, and is accessible for trade on over 100 exchanges, such as Coinbase, Robinhood, and Binance. The Shiba Inu team built a burning portal, which assisted the community in burning 60B coins in a matter of months.
The Dogecoin Foundation has recently gone through tremendous efforts to convert DOGE into a payment token. Third-party payment connections with Coinbase, partnerships with many prepaid card providers, and the development of a “JSON-RPC interface” allowing stores to link with the blockchain illustrate this directly.
Will PrivaCrip Become The Next Big Altcoin?
PrivaCrip (PRCR), a new cryptocurrency initiative, provides one-of-a-kind solutions to the most challenging problems in the decentralised finance (DeFi) space. The new coin is built on a Layer-1 Cosmos platform. PrivaCrip intends to address the security and privacy concerns that have plagued DeFi since its emergence in the cryptocurrency market.
It is generally acknowledged that coins must trade anonymity or security in order to establish a fast blockchain network. As explained in the Bitcoinist article, the PrivaCrip developer team, on the other hand, thinks they may be able to discover a solution by increasing platform security through the combined use of a proof-of-stake (PoS) with Tendermint’s Byzantine fault-tolerant consensus methods.
To learn more about the new PrivaCrip project, check out this article.
PrivaCrip (PRCR)
Presale: http://join.privacrip.io/
Website: http://privacrip.io/
Telegram: https://t.me/PrivaCripOfficial
The post Shiba Inu and Dogecoin Jumps Over The Weekend: Will Altcoins Like PrivaCrip Follow The Memecoin Spike? appeared first on .
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