Shiba Inu vs Koinos
Shiba Inu (78 million percent in a year) vs Koinos in crypto trading (535 percent in a month)
Coins are chosen by crypto investors for a variety of reasons. How does investment in a small company with solid technology fare against a large community and dubious use-cases? Lets review Shiba Inu vs Koinos.
Even after many retellings, the story of Shiba Inu (SHIB), crypto’s best-performer of the year, continues to baffle the imagination. According to CoinGecko, the price of one SHIB coin had 10 zeros in front of it just a year ago: $0.000000000063 on a volume of $682.58.
Six of those zeros were vanished by late October, and Shiba Inu had flipped Dogecoin to become the world’s largest dog-themed token, a top-ten cryptocurrency valued roughly $47 billion.
Despite falling over 40% from its all-time high, SHIB still has a market capitalization of nearly $29 billion, making it nearly 350 times more valuable than our competitor, Koinos Network (KOIN).
On the Cointelegraph Markets Pro data and analytics platform, Koinos Network has been the greatest performer of the week, with the unique VORTECSTM Score serving up an extremely bullish sequence of 90+ scores over the previous two weeks.
Following those results, KOIN rocketed from a prior high of roughly $0.22 to a current high of $0.95, which is still well below a $100 million market valuation.
What are the similarities and differences between these two projects? Almost nothing… except for their great market results.
So, if you can’t decide between canine memecoins and layer-1 blockchain systems, here’s what you should do. Here’s a lighthearted look at their respective advantages.
Koinos is a layer-1 smart contract blockchain platform that seeks to provide a wide range of technical breakthroughs. For starters, it’s built to be modular, which means it should be easier to upgrade than existing blockchains and might potentially avoid hard splits.
It’s also built to be feeless, according to the developers, which will help get many more users on board with blockchain-based decentralized apps. It also offers universal language support, which may make it easier for more developers to deploy such apps without having to learn new skills. It is presently in the testnet phase of development.
Shiba Inu has few technological characteristics that set it apart from other memecoins, and its applications are largely limited to trade.
Shiba Inu has approximately 1.9 million Twitter followers, a 425,000-member Reddit page, and about a million active wallets. Its followers are among the most active in crypto, and Cointelegraph can scarcely post a story on social media these days without a slew of SHIB shills chiming in. The Shiba Inu community is involved, energetic, and even rabid in their love for all things Shiba Inu.
At the time of writing, Koinos had exactly 1,500 Twitter followers, and its Discord channel largely featured obscure talks on microservice design.
Shiba Inu wins by a mile.
The primary crew of Team Koinos formerly worked on the STEEM blockchain, but departed en masse after the project was ‘bought’ by Tron creator Justin Sun.
Ryoshi (Japanese for “fisherman”), Shiba Inu’s inventor, is a pseudonymous developer who asserts that he, she, or they are not in control of anything. However, marketing looks to be a strong point.
Upside Potential/Market Cap
At the time of writing, the market value of Koinos was little over $83 million. The whole 99.5 million token supply is already in circulation, having been dispersed during a ‘fair mining’ phase in which anybody with a computer may mine KOIN ERC-20 tokens.
Shiba Inu has a total quantity of one quadrillion tokens, with around 55 billion in circulation. It is the world’s 11th-largest cryptocurrency, with a market capitalization of almost $29 billion.
Although upside potential is difficult to assess, Koinos is aiming to join the ranks of layer-1 platforms such as Ethereum, Solana, Cardano, and Polkadot, which together have a market valuation of about $750 billion.
If KOIN were to achieve only 1% of Ethereum’s market cap, it would have to be worth $5.55 billion, or 6,687 times its present price.
With no natural counterparts save Dogecoin (which is one position ahead of it in market value at $34 billion), Shiba Inu’s most aspired opponent would be Bitcoin, which has a market capitalization of $1.226 trillion. SHIB is now worth more over 2.3 percent of Bitcoin’s value, limiting its future gain. It may be claimed that SHIB has already reached its pinnacle.
Shiba Inu vs Koinos – Koinos wins by a mile.
Gains that haven’t been realized are simply that: gains that haven’t been achieved. SHIB cryptocurrency trades on the world’s largest exchanges, including Binance, Coinbase, OKEx, Huobi, Bitfinex, and KuCoin, with a trading volume of over $1.73 billion in the previous 24 hours. It’s enormous. It’s enormous. It’s a monstrosity.
KOIN, on the other hand, is now exclusively available through Uniswap, where its volume over the previous day is a meager $283,000.
Shiba Inu vs Koinos – Shiba Inu wins.
Shiba Inu offers users to buy large amounts of tokens (millions and millions!) at a reasonable price. Its community is enthralled and animated, the memes are hilarious, and as the ecosystem grows, new items and tokens (LEASH, BONE) contribute to a sense of belonging and delight.
And, let’s face it, the puppy is adorable.
With no adorable and cuddly creatures in sight, Koinos is a serious, intellectual, and extremely technical blockchain. Its main qualities as an infrastructure project are completely devoid of Japanese hunting dogs, or dogs of any type.
Shiba Inu vs Koinos – Shiba Inu wins.
Elon Musk owns a Shiba Inu. The price of SHIB fell 20% in a day when the world’s richest man tweeted that he didn’t hold any. And Vitalik Buterin was uninterested enough in the SHIB he was given (which is now worth $21 billion) to contribute it without hesitation.
It can only last as long as there is interest as a memecoin. SHIB may need to add more bite to its bark if interest shifts elsewhere, as it did with a number of virally-driven cryptos and equities this year.
Koinos may not be able to meet the team’s lofty objectives. It’s also possible that it won’t be able to recruit enough developers to maintain a healthy ecosystem. Alternatively, the world may determine that we already have enough layer-1 blockchains and continue to pour tens of millions of dollars into current initiatives like Solana.
To compete with the large players in the area, Koinos, like any other layer-1, will require both developer enthusiasm and compelling dApps. Neither of these is a foregone conclusion.
No one wins.
Final Score: draw
While Koinos shouts seriousness, Shiba Inu yaps joy, and both of these tokens are finding audiences with whom their value proposition resonates in the weirdest of years for investors.
We do not offer specialized or customised investment advice. Cryptocurrencies are volatile investments that come with a lot of risk, including the possibility of entire and irreversible loss. Past performance does not guarantee future outcomes. Figures and charts are accurate as of the date of publication or as otherwise stated. Strategies that have been put to the test in real life are not recommendations. Before making any financial decisions, consult with your financial advisor.