2 Cryptocurrencies That May Outshine Shiba Inu – Motley Idiot

Advertisements

Shiba Inu had an incredible 2021 as the meme token skyrocketed by 20,000,000% over the 12 month period. That’s a ridiculous return and perfectly illustrates how exciting the crypto world can be. But after peaking in late October, the Shiba Inu has lost nearly 70% of its value and now has a market value of about $13.5 billion.

Looking ahead, I think there are better ones Cryptocurrencies to Invest with more favorable long-term prospects than Shiba Inu. Here are two to consider.

Shiba inu dog sitting on bed.

Image source: Getty Images.

1. Cardano

Cardano (CRYPTO:NO) is attracting a lot of attention in the developer community, thanks in large part to its programmable blockchain that enables smart contract functionality or self-executing computer programs. Cardano was started by ether Co-founded Charles Hoskinson in 2017, which adds to its credibility in the crypto community.

Cardano uses a research-based approach to network updates, a process in which proposed changes are reviewed by computer scientists and cryptographic experts around the world. This ensures that errors are minimized. Cardano’s development is divided into five phases and is currently in the basho era where scalability is the main goal. Cardano hopes to be able to process an incredible 1 million transactions per second (TPS).

What separates Cardano from Shiba Inu is the hope for real-world use cases. In addition to the potential for decentralized applications (dApps) running on its platform, Cardano is already being used in sectors ranging from healthcare and agriculture to financial services and education. In 2021, Cardano led all cryptocurrencies with the highest daily active developer activity, a leading indicator that more innovative projects are on the horizon.

Over the past three months, Cardano has lost more than 40% of its value due to a sell-off in the broader crypto market. As a result, this could be one good time to buy. It now has a market cap of around $40 billion. Cardano is currently the sixth largest cryptocurrency.

2.Solana

Another promising cryptocurrency that could crush Shiba Inu is Solana (CRYPTO:SOL). Like Cardano, it enables the use of smart contracts and is therefore a direct competitor to Ethereum’s dominance.

Founded in 2020 by two ex-Qualcomm Solana is known for its proof-of-history consensus mechanism. This innovation allows timestamps to be built into each block of the blockchain, speeding up throughput. It’s a major step forward in the crypto industry.

Solana has become a prominent blockchain for non-fungible token (NFT) Projects – unique digital ownership claims to artworks, videos, and game items. Solanart and Solsea are two NFT marketplaces built on Solana’s network. According to Solana’s website, it is the fastest blockchain in the world and has more than 400 active projects.

As I mentioned earlier, attracting developers is critical to the continued success of a blockchain. Solana seems to excel in this department.

Currently, Solana can process over 1,300 TPS at a fraction of a penny per transaction. Because of that speed and affordability Bank of America Analyst Alkesh Shah said earlier this month that Solana could become one Visas the digital asset economy. That’s certainly not a bad endorsement, but it still has a lot to prove, particularly in terms of usability.

Over the past three months, Solana has fallen almost 40% along with the industry as a whole. It now has a market cap of $37 billion. Solana is currently the seventh largest cryptocurrency.

This article represents the opinion of the author, who may disagree with the “official” endorsement position of a Motley Fool premium advisory service. We are colourful! Challenging an investing thesis — including one of our own — helps us all think critically about investing and make decisions that help us be smarter, happier, and wealthier.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Cardano Devs IOG Shared First Details of Third-Party Codebase Audit – U.Today Cardano

Cardano Devs IOG Shared First Details of Third-Party Codebase Audit – U.Today

Vladislav Sopov Input Output Global's peer-to-peer networking infrastructure underwent stress tests: engineers content Very...

By wpadminsonic164
Cardano Whale Transactions Hit 4-Month High – The Coin Republic Cardano

Cardano Whale Transactions Hit 4-Month High – The Coin Republic

ADA Price at the time of writing – $0.5604It's market cap is down by...

By wpadminsonic164
Neue Kryptowährungen 2022 – Neue Coins mit Potential kaufen – Cardano Feed Cardano

Neue Kryptowährungen 2022 – Neue Coins mit Potential kaufen – Cardano Feed

The crypto market is booming and it’s not just Bitcoin, Ethereum or Ripple that...

By wpadminsonic164
Here is How Bitgert Is Overtaking Cardano and Solana In Such A Quick Interval – Cardano Feed Cardano

Here is How Bitgert Is Overtaking Cardano and Solana In Such A Quick Interval – Cardano Feed

The Bitgert project has done so much within a short time of about 200...

By wpadminsonic164
Acorda Therapeutics Now the Least Expensive versus Cardano This Year – Nasdaq Cardano

Acorda Therapeutics Now the Least Expensive versus Cardano This Year – Nasdaq

Here at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices...

By wpadminsonic164
4 million resources gave on Cardano biological system according to Charles Hoskinson – The Coin Republic Cardano

4 million resources gave on Cardano biological system according to Charles Hoskinson – The Coin Republic

Cardano organizer Charles Hoskinson answers a pundit who guarantees that his July 2020 forecast...

By wpadminsonic164
Cardano

Cardano cost investigation: ADA dismissed at $0.600, downwards development to follow – Cryptopolitan

TL;DR Breakdown Cardano price analysis suggests a downwards movement to $0.500The closest support level...

By wpadminsonic164
Crypto’s Present Power;  Cosmos Outperforms, Tether, Cardano Weak – Goodreturns Cardano

Crypto’s Present Power; Cosmos Outperforms, Tether, Cardano Weak – Goodreturns

Business oi-Roshni Agarwal | Published: Thursday, January 20, 2022, 23:32 [IST] As per Coinmarketcap.com,...

By wpadminsonic164

Latest Posts

Cardano Devs IOG Shared First Details of Third-Party Codebase Audit – U.Today Cardano

Cardano Devs IOG Shared First Details of Third-Party Codebase Audit – U.Today

Vladislav Sopov Input Output Global's peer-to-peer networking infrastructure underwent stress tests: engineers content Very...

By wpadminsonic164
5 Trillion Shiba Inu Selling | Luna Delisting | China & Bitcoin Videos

5 Trillion Shiba Inu Selling | Luna Delisting | China & Bitcoin

Hey Everyone Kaise hain aap Sab Telegram Channel - https://t.me/oyeeerahul1 Twitter - https://twitter.com/oyeee_rahul SIP...

By wpadminsonic164
Digital currency Prices Today May 19: Bitcoin drops, Ether stoops more than 4%; Polkadot greatest drag – Moneycontrol Polkadot

Digital currency Prices Today May 19: Bitcoin drops, Ether stoops more than 4%; Polkadot greatest drag – Moneycontrol

a,.special_wrapbx a{color:#333;font:400 11px Lato,sans-serif}.user_after_login a, .user_before_login a {color: #333333;font: 11px 'Lato',sans-serif;}.dropdown-menu{display:none;background-clip:border-box!important}.header_desktop .dropdown-menu>li{border-bottom:1px solid #e9e9e9}.header_desktop...

By wpadminsonic164
XLM Price Analysis: Bearish feeling yet to die down for Stellar – The Coin Republic Stellar

XLM Price Analysis: Bearish feeling yet to die down for Stellar – The Coin Republic

No result View All Result © Copyright 2022. The Coin Republic Are you sure...

By wpadminsonic164
Crypto Flipsider Information – Crypto.com Suspends Withdrawals, Loses $15M, Binance’s Thai Alternate, $792M in BNB Burned, EIP-1559 Dwell on Polygon, Spain and Singapore Crypto Advert Ban, Bulgaria and UK Prime Crypto Holding by DailyCoin – Investing.com Binance

Crypto Flipsider Information – Crypto.com Suspends Withdrawals, Loses $15M, Binance’s Thai Alternate, $792M in BNB Burned, EIP-1559 Dwell on Polygon, Spain and Singapore Crypto Advert Ban, Bulgaria and UK Prime Crypto Holding by DailyCoin – Investing.com

Crypto Flipsider News – Crypto.com Suspends Withdrawals, Loses $15M, Binance's Thai Exchange, $792M in...

By wpadminsonic164
Larry Ellison, Binance and Sequoia back Elon Musk’s $44bn Twitter offered – Financial Times Binance

Larry Ellison, Binance and Sequoia back Elon Musk’s $44bn Twitter offered – Financial Times

Elon Musk has raised $7.14bn of funding for his $44bn buyout of Twitter from...

By wpadminsonic164
New cryptocurrency race for the place of the Dogecoins – The 1000% positioned HUH token, the thetan enviornment and the magic token |  BTCMANAGER – BTCMANAGER Dogecoin

New cryptocurrency race for the place of the Dogecoins – The 1000% positioned HUH token, the thetan enviornment and the magic token | BTCMANAGER – BTCMANAGER

HUH token, Thetan Arena and Spell Token have proven to be hugely popular, although...

By wpadminsonic164
Cardano Whale Transactions Hit 4-Month High – The Coin Republic Cardano

Cardano Whale Transactions Hit 4-Month High – The Coin Republic

ADA Price at the time of writing – $0.5604It's market cap is down by...

By wpadminsonic164