Shiba Inu (SHIB) is often referred to as the “Dogecoin killer”. The aim of the project is to be the leading meme coins like CashFi in the cryptocurrency market with added utility. It is a completely community-based project that was founded in 2019 in Japan. The project sets itself apart from other meme tokens, Shiba currently has working products such as ShibaSwap, which is a decentralised exchange on the Ethereum network. The project is also working on a Layer 2 solution to help scale Ethereum. Shiba first began as an experiment to foresee a scenario of what would happen if a token was 100% run by its community.
SHIB is the second-largest meme coin in terms of market cap after Dogecoin. Outside of being used as a method for payment, Dogecoin has little utility. SHIB is working on a variety of projects for Ethereum’s DeFi ecosystem.
There are currently three tokens that operate in the Shiba Inu ecosystem: SHIB, BONE, and LEASH. Users can stake SHIB tokens to earn BONE, and gain a portion of trading fees from ShibaSwap.
The circulating supply was developed specifically to attract investors who ignore the way in which the price of a token is calculated. Because of this, SHIB is appreciated by new investors rather than experienced crypto investors.
Samoyedcoin (SAMO), the Underrated Meme Token!
Samoyedcoin (SAMO) is another dog-themed token that describes itself as “Solana’s Cutest Ambassador.” The project’s website states that at its core, SAMO is an emerging digital asset backing a community focused on increasing Solana users.
The project’s main focus is developing scarcity with three burns behind them. The token has also developed its very own DAO (decentralised autonomous organisation) to promote power to the community. They are also producing projects including an NFT market and also having a platform supporting the metaverse.
Samoyedcoin (SAMO) reveals how meme tokens use a central meme concept in order to create alternatives to the humour narrative within the crypto market. The shareability feature allows meme coins to get noticed in the market, and go on to develop into cryptocurrencies that provide for the needs of the investors.
A New Experience With CashFi (CFI)
CashFi (CFI) is a platform with the intention of adopting a qualitative methodology supporting off-chain cooperation, whilst allowing on-chain interoperability by using an ecosystem of multi-chain web 3.0 products that are designed to stimulate global liquidity and also enable a seamless method of exchanging value.
The team wants to give users a new experience with blockchain technology, investment, NFTs and play-to-earn gaming with cross-chain compatibility. The nature of Cashfi (CFI) allows the token to have utility amongst different aspects of the metaverse.
The CashFi project focuses on making the usability of the network simple. The ecosystem has been created to be used by people who do not have any knowledge of Web 3.0. So far, CashFi has managed to attract the attention of investors, particularly those with an interest in DeFi.
CashFi (CFI) is a relatively new project but it has plenty of potential. Shiba Inu (SHIB) and Samoyedcoin (SAMO) are established coins with a proven track record in the cryptocurrency market. When considering long-term investments, all three of these tokens are worth considering.
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