Crypto investors pick coins for various reasons. How does investing in a low market cap and real tech stack up facing a vast community and controversial use-cases?
The story of Shiba Inu (SHIB), crypto’s best-performer of the year, yet boggles the mind, even following multiple retellings. Merely 12 months ago, the price of one SHIB token owned ten zeros in front of it: $0.000000000063 on the volume of $682.58, as stated by CoinGecko.
By late October of this year, six of those zeros had quit. Shiba Inu had flipped Dogecoin to convert the most significant dog-themed token globally, a top-ten cryptocurrency worth about $47 billion.
Notwithstanding dropping approximately 40% from that all-time high, SHIB sits at a roughly $29 billion market cap, making it almost 350 times more worthwhile than its contender, Koinos Network (KOIN).
Koinos Network has been the most outstanding performer of the week on the Cointelegraph Markets Pro data and intelligence platform, where the proprietary VORTECS™ Score followed up a hugely bullish series of 90+ scores across the last two weeks.
Following those scores, KOIN rose from a previous high of about $0.22 to a recent high-water mark of $0.95 — still conveniently under a $100 million market cap.
What do these two projects have in stock? Practically nothing, besides their strong performances in the markets.
So for crypto investors who can’t choose between canine meme coins and layer-1 blockchain platforms. Here’s a tongue-in-cheek analysis of their complementary strengths.
Koinos is a foundational, or layer-1, innovative contract blockchain platform that strives to pass a variety of technical innovations. Firstly, it is modular. This means that it should be more easily upgradeable than prevailing blockchains and could eliminate hard forks.
It is also feeless. The team calls it will help onboard many more people to blockchain-based decentralized applications. And it has universal language support, a characteristic that may support more developers deploying those applications without learning a new skill set. It’s presently operating in the test net phase.
Shiba Inu has virtually no technical characteristics that differentiate it from other meme coins. Its use-cases are essentially only for trading.
Shiba Inu has above 1.9 million followers on Twitter, a Reddit page with 425,000 members, and nearly a million active wallets. Its followers are among the busiest in crypto. These days, an article on social media can hardly be published without a host of SHIB shillers leaping into the comments. The community is involved, active, downright raging in their enthusiasm for all things Shiba Inu.
Koinos has exactly 1,500 followers on Twitter at the time of writing. Its Discord channel mainly includes arcane discussions on microservice architecture.