Best Cryptocurrency Exchange Reddit

5 Cryptocurrencies With a Brighter Future Than Shiba Inu

5 Cryptocurrencies With a Brighter Future Than Shiba Inu
Written by publisher team

The history of the stock market dates back to the late 19th century, when it was prevalent. Although other asset classes have had a moment in the sun, such as housing in the 2000s, no investment vehicle has generated higher average annual returns over the very long term.

But in the short term, it’s an entirely different story.

The Shiba Inu dog breed has inspired cryptocurrency investors with huge gains. Image source: Getty Images.

Shiba Inu has gained over 13,200,000%!

Over the past two years, dozens of widely followed cryptocurrencies have swept the broader market several times. This cartoon is driving the hugely popular meme coin, Shiba Inu (CRYPTO: gray hair).

As of late evening on November 2, the SHIB token will return $0.000006738 to the investor. That’s nearly seven thousand of a penny! However, it is a far cry from where Shiba Inu was traded on the day of its debut at the beginning of August 2020 ($0.00000000051). In just over 15 months, SHIB tokens have gained 13,211,665%. If you invested $10 on August 1, 2020, and earned, you are now a millionaire.

Shiba Inu’s historical gains are the result of several factors:

  • An increasing number of cryptocurrency exchanges are listing SHIB tokens for trade, which leads to increased awareness and community building.
  • The launch of the decentralized exchange ShibaSwap in July gives investors a stake in their tokens, and most importantly encourages them to hold SHIB for a longer period of time.
  • Elon Musk’s tweets fuel the gains. Although Musk does not own Shiba Inu coins, he recently adopted a Shiba Inu puppy named Floki. Any time a Musk tweets about his dog or breed, SHIB investors pile on.
  • With so few avenues to bet against the Shiba Inu, there is a distinct emotion-driven buying bias fueling this run.
Someone who is visibly worried looks at the bullish and then the declining chart on the tablet.

Image source: Getty Images.

SHIB’s dream run will eventually collapse

But on the flip side, there’s a laundry list of reasons to believe Shiba Inu is going to fall apart from the inside. For example, SHIB has virtually no use outside of a cryptocurrency exchange. You would have thought that the ninth largest cryptocurrency by market capitalization would be accepted by nearly 100 companies, but this is not the case.

The Shiba Inu also fails the sniff test when it comes to competitive advantages. This means that Shiba Inu does not stand out when it comes to its ability to process transactions. It is not even the only successful cryptocurrency that has adopted its inspiration from the Japanese dog breed Shiba Inu (Dogecoin I did it too).

To add, Shiba Inu is constantly being diluted by other blockchain projects. According to, there are about 13,500 cryptocurrencies, and this number is growing rapidly. To be frank, there are much more efficient and/or cheaper payment currency options than Shiba Inu.

Even history says that Shiba Inu is in big trouble. Other payment coins with a higher five and six digit percentage, all eventually lost more than 90% of their value.

A white rocket atop a chaotic pile of coins and notes displaying financial scales.

Image source: Getty Images.

This cryptocurrency has a brighter future than Shiba Inu

Even as a crypto skeptic, I see much greater potential and a brighter future for the next five digital currencies, for Shiba Inu.


Ethereum (CRYPTO: ETH) It is undoubtedly the most established cryptocurrency on this list, and also the most buzzing cryptocurrency in the real world. This is because the Ethereum blockchain is the backbone of Decentralized Finance (DeFi). DeFi uses financial-focused smart contracts on the blockchain to complete transactions that financial institutions may slow or halt. These smart contracts, which are protocols designed to verify, enforce and facilitate an agreement between two parties, are the heart and soul of what drives Ethereum.

In terms of real utility, the Enterprise Ethereum Alliance (EEA) has over 100 members, all aiming to increase knowledge and usage of the Ethereum blockchain. While we often think of blockchain in terms of its ability to speed up financial transactions (particularly cross-border payments), it also has logistical applications. Very few EEA supply chains will benefit from Ethereum’s blockchain technology.

Physical Silver Stellar Lumen coin with rocket ship logo.

Image source: Getty Images.


Blockchain-based payment network excellent (CRYPTO: XLM) It is another cryptocurrency that a skeptic believes has a future.

With existing infrastructure, cross-border payments can take up to a week to validate and clear. With Stellar, fiat currencies can be converted into Lumens (XLM, protocol code for the network), transferred halfway around the world, and converted back to the original fiat currency in a matter of seconds. The cost of completing the transaction? Only 0.00001 XLM, which comes to $0.0000038 per transaction. It takes more than 263,000 transactions just to charge a $1 fee.

Aside from quick and low-cost implementation, Stellar also had some real-world operations. worked with IBM To test its cross-border payments platform with dozens of banks in the South Pacific region in 2017. It is also part of a collaboration with Visa and Tala to provide financial blockchain solutions to emerging markets where access to basic financial services is limited.

A person holds a glowing golden padlock surrounded by grid works representing blockchain nodes.

Image source: Getty Images.


Another cryptocurrency with high potential for Shiba Inu in the long term is Solana (CRYPTO: SOL).

Like Ethereum, the Solana blockchain is all about integrating smart contracts and allowing developers to create decentralized applications (dApps). But unlike Ethereum, Solana brings a number of notable advantages to the table in terms of efficiency. Solana’s Proof of History protocol, which certifies events as real without the need for validators to talk to each other, dramatically improves transaction processing speed. While Ethereum processes about 13 transactions per second, Solana can handle 50,000 or more transactions per second.

Similarly, Solana appears to have an advantage in Ethereum from a fee point of view. When the Ethereum network gets stuck with transactions, fees associated with payments can rise. With Solana, the fee is often around $0.00025 per transaction. This means that it will take about 4,000 transactions to reach a fee of just $1. If this efficiency holds true as the network expands, Solana can carve out a healthy share of dApp demand alongside Ethereum.

A stack of $100 bills converted into digital currency.

Image source: Getty Images.


For something completely off the radar, look for it nano (CRYPTO: nano) To completely outperform the Shiba Inu in the long run. Nano is the 117th digital currency by market capitalization ($820 million, as of November 2).

The purpose of a financially centered blockchain is to speed up payment settlement times, drastically reduce costs, and democratize the process to allow everyone to participate. This is exactly what the Nano does with the blockchain-lattice blockchain. Instead of owning a single blockchain, each user has their own Nano-blockchain that they can add without having to compete with other users. This makes the Nano network highly scalable and efficient – an average transaction is completed in less than a second.

Another thing that stands out is the zero-fee Nano transactions. The Nano consensus mechanism, Open Representative Voting (ORV), allows representatives to vote on the validity of individual blocks on the network. ORV provides differentiation, and most importantly keeps transactions free.

A businessman touches a cryptographic block that is part of a larger blockchain on a digital screen.

Image source: Getty Images.


last but not least, Cardano (CRYPTO: NO) She seems to have a brighter future than Shiba Inu.

Although Cardano has experienced development delays (what major blockchain project hasn’t happened?), its developers have laid out a clear vision of the steps they will take to improve and grow the network. In the summer of 2020, the Shelley upgrade was released, increasing the number of participants in the network of nodes that can be operated. After Shelley, the number of transactions on Cardano’s blockchain increased from around 2,000 per day to more than 100,000 per day.

In September 2021, the long-awaited Goguen update was revealed. Goguen has unleashed smart contracts on the Cardano network, paving the way for both financial and non-financial dApps.

Assuming that the Cardano network can be significantly scaled and maintained, which is what developers are working on now, you could be a serious competitor to Ethereum and Solana.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of the Motley Fool Premium Consulting Service. We are diverse! Asking about an investment thesis — even if it’s our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

About the author

publisher team