SHIBA INU VS DOGECOIN: WHICH CRYPTO IS ON GREEN AFTER TWITTER PURCHASE?
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appears to be concluding. Dogecoin has always held a soft spot in the Tesla CEO’s heart and he has frequently made mention of using the cryptocurrency as a payment method for his companies, notably the electric vehicle manufacturer.
If Elon Musk were to implement a payment scheme for another one of his companies, i.e., Twitter, the utility for Dogecoin would drastically increase. It would create a true and undisputed value for DOGE as every Twitter user would at some point come into contact with the cryptocurrency or have to use it or spend it.
This would further set a precedent throughout the crypto industry and to global businesses as to the enterprise functionalities of cryptocurrencies. The second-ranking meme coin by market capitalization, Shiba Inu, has already greatly benefitted from Elon’s corporate affairs and would likely seek out its own business functions in due course.
The SHIB token has already driven a great deal of value for itself by installing another two tokens into its ecosystem: LEASH and BONE, both of which are best bought through ShibaSwap.
In 2022, amidst the crypto winter, there’s a considerable debate surrounding two of the most popular Shiba Inu and Dogecoin. Both are based on internet meme dogs so their popularity skyrocketed, and even Elon Musk tweeted at some point that Dogecoin would be the currency on the Moon. Dogecoin is essentially the same technology as Shiba Inu. Being an ERC-20 token, SHIB uses a proof-of-work mechanism that gives it a similar transaction rate to Dogecoin for all intents and purposes. In Shiba Inu vs Dogecoin, any meme coin could be green soon.
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