Dogecoin and Shiba Inu are two of the most popular cryptocurrencies in recent years. However, the following opinion is being heard more and more in the market: the days of SHIB and DOGE are over! After all, the projects have been around for a while and failed to become sustainable. There are better alternatives, so investing in Dogecoin or Shiba Inu should no longer be worthwhile. This is why you should invest in other crypto tokens instead.
Why Dogecoin is dead
Dogecoin is a cryptocurrency that became very popular a few years ago. However, their popularity has since waned. There are several reasons for this. First of all, the Dogecoin community is not as active as it used to be. The coin has lost its momentum and is no longer of much interest.
Second, Dogecoin is plagued by scams. Many people lost money investing in dubious Dogecoin projects that turned out to be fraudulent. This cast doubt on the coin and damaged its reputation.
[fw_price_chart id=“59″ default=“DOGE“]
Finally, Dogecoin has not kept up with the technical innovation that has been taking place in the cryptocurrency space in recent years. Other coins like Bitcoin and Ethereum adopted new technologies like smart contracts and lightning networks, while Dogecoin was relatively flat. As a result, it is now seen as a slightly obsolete coin.
Dogecoin’s popularity has also been hampered by its reliance on Elon Musk’s whim. Back in December 2017, Musk joked on Twitter about the creation of the Dogecoin cryptocurrency. This tweet caused the price of Dogecoin to skyrocket as investors speculated that Musk might make sense of the Dogecoin project. However, Musk recently lost his Bitcoin bet. If he should also sell DOGE now, then the cryptocurrency should have lost its most important price driver.
Although Dogecoin once had great potential, it seems that its time has come to an end. If the community fails to regain momentum, demand for the coins is likely to decline.
Shiba Inu is also dead
Both Dogecoin and Shiba Inu are based on the same idea: using a fun and popular internet meme as the basis for a cryptocurrency. The Dogecoin, launched in 2013, is named after the Doge meme, which features a Shiba Inu dog.
[fw_price_chart id=“59″ default=“SHIB“]
Shiba Inu, on the other hand, was created in 2020 and is named after the Shiba Inu dog breed that made the Doge meme popular. Both coins use the same “Shiba” logo and both have established themselves as popular meme-based cryptocurrencies.
But while Dogecoin has always thrived, Shiba Inu is largely extinct. Accordingly, one should refrain from investing in SHIB in any form. While SHIB occasionally enjoys a brief resurgence in popularity, it is unlikely to match Dogecoin’s level of success. Therefore, investing in SHIB is not recommended.
In which cryptocurrency you can invest now
In the past, both Dogecoin and Shiba Inu have been able to trigger price explosions. Now the time of both cryptocurrencies is over. However, there is a new digital currency that wants to follow in the footsteps of the dog breeds.
Battle Infinity is currently in pre-sale and has already hit the soft cap of 2000 BNB. The project aims to create a gaming platform that will use blockchain technology and allow users to bet on games using digital currency. The team behind Battle Infinity believes that its platform will appeal to both casual and hardcore gamers alike.
Due to the ongoing pre-sale and high interest in the project, it looks like Battle Infinity could be the next big thing in cryptocurrency. However, only time will tell if the project can live up to the hype. However, according to the white paper, the cryptocurrency has some interesting properties:
Battle Infinity wants to create a gaming metaverse
The team behind Battle Infinity believes that its platform could usher in a new era in the gaming industry – the Metaverse. This term describes a virtual world built on top of another virtual world. In other words, it is a world that allows for the creation of new lives and experiences.
This can be a large online world that players can explore and interact with, or a more intimate experience where players can create their own worlds and stories. Either way, the potential of the Metaverse is huge, and Battle Infinity sees itself at the forefront of that potential.
The team has now secured seed funding and should be about to open their platform to the public. Hopefully with Battle Infinity, the gaming industry will finally have a platform that can truly harness the power of Web 3.0.
The IBAT signal should also be used for Play to Play
As mentioned before, Battle Infinity wants to create a game metaverse with its platform. In this metaverse, players can interact with each other and explore new worlds. However, the team also wants to give players a chance to earn money while playing. That’s the whole point of the in-game economy.
Players can use their earnings to buy new clothes, avatars and other items. They can also use their money to upgrade their avatar or gain new skills. The team is currently working on developing the economy and plans to roll it out later this year. In the meantime, players can continue to enjoy the game’s many features.
IBAT promise for gamers and investors
The Battle Infinity team has announced that players will be able to use their IBAT tokens to make bets at various levels in the near future. In doing so, players can add their tokens to a pool that offers rewards.
Rewards are then distributed to players based on their contribution to the pool. This not only encourages players to join the Metaverse, but also helps build a community around the game. The team is currently working out the details of the pledging process and plans to release more information in the coming weeks.