When putting money into an asset, the only thought occupying an investor’s mind is the growth potential the asset possesses. The crypto market provides sublime opportunities for investors to make great fortunes regardless of the size of their initial investment. Many enthusiasts have exploited these opportunities to the fullest and turned into millionaires overnight.
The much sought-after meme coin, Shiba Inu, is an excellent example of where individuals in the crypto sphere secured significant profits. However, the altcoin in question has now lost its touch. Investors should look for new and possibly better investment options.
In this article, we will list the five best altcoins to buy that serve as a suitable replacement for Shiba Inu and have excellent growth prospects.
A Quick Look at Shiba Inu:
Before going into the details about credible crypto with excellent growth forecasts, we will first have a quick look at the history of Shiba Inu.
The firm was initially launched as a ‘joke’, but after the overwhelming response from crypto enthusiasts worldwide, further work on the coin started. The “meme-coin” was named after the Japanese breed of dog, the Shiba Inu, and has seen substantial price increases since its inception.
Shiba Inu started its journey from a price of $0.000000000056 and reached an all-time high of $0.00003791 in May 2021. Since then, the meme-coin started depreciating and has been unable to recover its long-lost glory.
The last couple of years have been pretty dry for Shiba Inu. There have been no significant price improvements despite many attempts to increase the use cases of the coin. Investors looking for ‘activity’ should resort to other digital assets. The foremost of these is DigiToads.
Crypto enthusiasts nowadays go after Cryptocurrencies that offer a complete package. This means they provide great passive earning opportunities and focus on better community participation.
DigiToads fits this description very well! This newbie meme coin offers users a chance to bag some cash for themselves via staking and participating in Play-2-earn games. DigiToads has its metaverse called ‘The Swamp’, which is always bustling with activity.
Toad Economics (Tokenomics):
For any firm to thrive, it needs to have sound Tokenomics. DigiToads perfectly plans and executes its fiscal plans. The TOADS token has a total supply of 585 Million, and its allocation is as follows:
- 46.58% for Presale
- 22.3% for community growth and liquidity
- 14.41% for competition and prizes
- 7.5% for development
- 5% for team tokens
- 4.3% for project launch, public releases, initial treasury pool, and misc
The firm imposes a 7% tax on all transactions. The tax collected will be utilized as follows:
- 2% for token burn
- 2% for NFT staking Pool
- 1% for Liquidity Pool
- 2% for treasury
The TOADS token is built such that its price is constantly increasing. This unique characteristic comes from the built-in mechanism of the firm whereby 2% of the collected tax is used to buy TOADS tokens and burn them. The diminished token supply as a result of burning, along with the increased demand, will help create surges in the token price. Since the max supply is fixed, no new tokens can adversely affect the deflationary trait of TOADS.
NFT Staking Pool:
Everybody relishes an excellent residual income source. DigiToads caters to this want by introducing its NFT staking pool. Individuals who stake their TOAD NFTs can expect alluring rewards from the NFT staking pool, sourced from the tax revenue collected.
2% of the collected tax is used to fill the treasury. The treasury, in turn, is used to fuel the staking pool, for developmental purposes, and to maintain liquidity.
Cutting down the Amazon rainforests by certain mafia groups has adversely affected the toad populations. DigiToads aims to breathe life into their habitats. To achieve this, the firm allots 2.5% of its profits to reviving forests and swamps.
Toad Vs Toad:
DigiToads will be holding monthly trading competitions on its platform. Users winning the competition will be awarded Platinum Toads. Possession of these rewards serves as ‘access cards’ to the treasury, meaning that Platinum Toad holders will be permitted to use the treasury reserve for trading purposes.
Traders who are selected to make trades using the treasury reserve will receive 10% of the profit that is made. This incentive will help boost both trader enthusiasm and the profits being made.
The TOADS token is one of the best cryptocurrencies to buy right now. Investors wishing to make a purchase can resort to the ongoing presale. Buying TOADS early in time will help you secure great returns once this ultimate coin explodes.
As of date, more than 100,000,000 tokens have been sold, and the Lilypad 3 stage offering the TOADS token for 0.016 USD is about to end. Interested individuals can make the most out of the fantastic discounts and promo codes provided.
A notable thing about the presale is the vast array of coins supported as a form of payment. Buyers can opt for BTC, ETH, BCH, LTC, USDT, USDC, BUSD, BNB, DOGE, SOL, TRX, SHIB, and others to purchase TOADS tokens.
DigiToads has undergone an audit by the reputable firm Coinsult. Individuals worried about the safety of their investment can breathe a sigh of relief as the audit confirms DigiToads to be a 100% scam-free platform.
TOADS tokens purchased during the sale can be deposited in the user’s wallet once the presale ends. Users have to access the claim page to get hold of their purchases. Another remarkable feature about the token is that there is no vesting period. Traders can get hold of their assets as soon as the presale ends and kick-start their trading process.
Dogecoin is a popular peer-to-peer, open-source cryptocurrency that set foot in the crypto world in 2013. Like Shiba Inu, it started as a joke; however, as opposed to Shiba, Doge did have little utility. It was meant to serve as a tipping token for content creators.
Over time, this ultimate meme-coin gained tremendous popularity, and as of today, it is among the top 10 cryptocurrencies by market capitalization, according to CoinMarketCap. Dogecoin does not enjoy the high levels of security as Bitcoin, but it is built on the Litecoin blockchain, and users can freely transact DOGE tokens in a protected environment.
From March 2018 to March 2023, the enduring coin witnessed a 4000 times increase in its price. Five years back, a person who invested a mere $10 in dogecoin would have more than $44,000 today.
The boost in dogecoin price also comes from the support shown by Elon Musk, owner of the renowned automotive industry Tesla. In his interview with Bloomberg News, Musk said, “ I just know a lot of people who are not wealthy and who, you know, have encouraged me to buy and support Dogecoin. I am responding to those people”.
This remark by Musk was enough to send the crypto world into a frenzy, and dogecoin saw a considerable price increase.
Fight Out (FGHT):
This is another excellent substitute for Shiba Inu. Fight Out is a cryptocurrency firm promoting a healthy lifestyle among individuals while offering them great earning opportunities. It is a move-2-earn crypto that rewards users for completing various fitness challenges.
The FGHT coin has broken all presale records. Fight Out allows its users to customize workout plans according to their feasibility. Individuals can select the type of exercise they want, the number of calories they intend to burn, and the severity of the activities. Moreover, if you need more clarification about what you are supposed to do, there are always fitness experts available with the firm who can guide you in each step.
Who wouldn’t relish earning opportunities that can arise from the mere act of exercising? The answer is “everybody”. Fight Out is not limited to drafting the perfect exercise timetable for an individual but goes even further and rewards users who stick to their fitness schedule.
Fight Out’s rising fame indicates the FGHT coin is witnessing a multi-fold increase in its price. Experts predict that in 2023, the cost of this ultimate token will go up 30 times.
Cryptocurrencies linked to the metaverse have grown exponentially in the last few years. This exponential growth has come to a standstill for most metaverse coins; however, RobotEra is a superlative metaverse crypto that is still on the rise.
The firm envisions a metaverse dominated by robots, creating endless earning and entertainment possibilities for its users. TARO coin is forecasted to go up by 3000%. This makes it an ideal substitute for Shiba Inu.
Solana is another significant altcoin that is a better investment option than Shiba Inu. Despite the prevailing bearish trend in the crypto market, the price of SOL has remained somewhat unchanged. According to reputable price prediction sites, Solana is expected to increase by the end of 2023.
The golden era of Shiba Inu is finally over. It is time for investors who wish to expand their portfolio to move towards better coins like DigiToads, Dogecoin, Fight Out, RobotEra, and Solana. Among these DigiToads is the foremost choice of capitalists.
Disclaimer: The information provided in this article is solely the author/advertisers’ opinion and not an investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions by Analytics Insight and the team. Anyone wishing to invest should seek his or her own independent financial or professional advice. Do conduct your own research along with financial advisors before making any investment decisions. Analytics Insight and the team is not accountable for the investment views provided in the article.
Which Assets Can I Trade for Tether and Shiba Inu? With ZenGo, you can trade BTC, ETH, SHIB, DOGE, XTZ, USDC, USDT, MATIC, ALPHA, SAND, MANA, and EUROC. All these tokens and countless others can be swapped for both Tether and Shiba Inu.What crypto can swap to Shiba Inu? ›
Which Assets Can I Trade for Tether and Shiba Inu? With ZenGo, you can trade BTC, ETH, SHIB, DOGE, XTZ, USDC, USDT, MATIC, ALPHA, SAND, MANA, and EUROC. All these tokens and countless others can be swapped for both Tether and Shiba Inu.How many Shiba Inu coin are left? ›
The total supply of Shiba Inu tokens is 1 quadrillion (1,000,000,000,000,000) SHIB. The large total supply of Shiba Inu is intended to emphasise the humorous and meme-based nature of the cryptocurrency.What exchange is best to stake Shiba? ›
The best places to stake Shiba Inu are Binance, ByBit, Shibaswap, and KuCoin. Investors and enthusiasts can stake SHIB tokens to generate an annual percentage yield of between 3 and 12% (APY), depending on their wallet or staking pool.Which CryptoCurrencies have the brightest future and are the most differentiated? ›
Polkadot is one of the most secure and innovative networks in the crypto space today. Analysts believe that the DOT token will skyrocket in 2023, since the growing popularity and development of the Web 3.0 domain has made the cryptocurrency, one of the most popular digital asset investments in the market.How safe is ShibaSwap? ›
ShibaSwap has a security score of 92/100, according to a security score done by CertiK, a blockchain-based security audit company. In addition, the DEX platform has resolved 34 issues that were raised during its audit.Will SHIB hit a penny? ›
The current price of SHIB is about $0.000013. Hence, if SHIB gets to $0.01, investors would make over 700 times their money. In any case, Shiba Inus would require a market cap of about $5 trillion to get to $0.01, which is an enormous amount of money.What will $1 million Shiba Inu be worth? ›
Since its launch in August 2020 as a direct competitor to Dogecoin (DOGE), the dog-inspired cryptocurrency Shiba Inu (SHIB) has risen to popularity, and now crypto traders and investors can get their hands on over 1 million Shiba Inu coins for as little as $12.How many Shiba coins do I need to be a millionaire? ›
Just like the Elon Musk tweet had surged the market price of the Shiba Inu coin to rise high. Elon Musk in another tweet said that in order to be a millionaire you need 3 million Shiba Inu coins.What is the highest SHIB staking? ›
1. Binance - Best For Highest SHIB Rewards.
|Duration||Annulized Interest Rate||Minimum Staking Amount|
Benefits of Staking Shiba Inu
If you have a sufficient amount of SHIB tokens, you can earn a decent passive income on your investments without indulging in risky trading. As Ethereum moves towards the PoS mechanism, proof of stake will become the go-to mechanism for the blockchain industry.
All of the platforms that we reviewed earlier in this guide on how to buy Shiba Inu coins will allow clients to make payments using major card providers. Usually, this will take one of two forms – either making a FIAT deposit or directly purchasing the crypto using a card.Which crypto will boom in 2023? ›
Ripple - Cross-Border Payments Network for Banks and Financial Institutions. Next up on this list of the best cryptocurrency to invest in 2023 is Ripple. Just like Bitcoin, Ripple is an established project with more than a decade in the blockchain space.What is the most promising crypto in 2023? ›
- Love Hate Inu – Overall Best Vote-to-Earn Cryptocurrency to Invest in Now.
- Ecoterra – A Sustainability-Focused Project for Businesses and Individuals Alike.
- DeeLance – Decentralized Freelance Portal with Fast Payments and Low Fees.
The Most Likely Crypto to Explode Next
Before we dive deeper, see a breakdown of the next cryptocurrencies to explode in 2023: Love Hate Inu (LHINU) – Next Vote-to-Earn Meme Crypto to Explode in 2023. DeeLance (DLANCE) – Decentralized Platform for Freelancers and Recruiters with Upside Potential.
Crypto experts believe that Nano will definitely outrun Shiba Inu in the long run. The purpose of Nano's blockchain network is to speed up payment settlement times, drastically reduce costs, and democratize the process to allow everyone to participate.Who is SHIB coin rival? ›
It is a meme coin launched as a rival of Dogecoin or “Doge-Killer”. Shiba Inu coin has already taken over some Dogecoin markets and is rising as a popular choice among investors of Crypto-Market.Should I stop investing in Shiba? ›
But you should not invest heavily into shib since it may be worth little, if anything at all, in the future. Remember how significantly shiba inu's price fell in late 2021. While regular market volatility likely had a role to play in this decline, the fall is being attributed to a mysterious billionaire.What is the downside of Shiba? ›
Shiba Inus are not the easiest of dogs to please. They can be quite stubborn and refuse to do anything that they don't feel like doing at the moment. This trait can make walking, or pottying your Shiba quite an ordeal.What do you get for burying SHIB? ›
The bury function allows users to stake their Leash, SHIB and Bone for xLEASH, xSHIB and tBONE, respectively. When burying SHIB, users earn 3% of Bone minted with each new block of data.
Ignore Shiba Inu and Buy These Cryptos Instead
It's clear that the Shiba Inu meme coin is dead, so there's no reason to wait around hoping that it'll eventually bounce back. It's very likely that isn't going to happen.
Can Shiba Inu reach a penny? Technically speaking, Shiba Inu could reach a penny if enough capital were to start investing in dog-themed cryptocurrencies. But since Shiba Inu would need trillions in capital to reach $0.01, institutions and governments would need to purchase SHIB, which seems highly unlikely.Will Shiba hit 10 cents? ›
Can Shiba Hit 10 Cents? As per Shiba Inu price forecasts, SHIB will not hit 10 cents within the next 10 years.Will Shiba Inu make millionaires? ›
Considering its historical movements and network developments, Shiba Inu indeed has the potential to increase its price and even make a careful investor a millionaire, although it might be a long way before it reached the likes of Bitcoin and Ethereum (ETH) in value per unit.Will Shiba Inu increase in 2023? ›
Shiba Inu Price Prediction 2023
According to the technical analysis of Shiba Inu prices expected in 2023, the minimum cost of Shiba Inu will be $0.0000179782. The maximum level that the SHIB price can reach is $0.0000220378. The average trading price is expected around $0.0000185081.
The conversion value for 1000 USD to 91324200.914 SHIB. BeInCrypto is currently using the following exchange rate 91324.201. You can convert USD to other currencies like XRP, USDT or BTC. We updated our exchange rates on 2023/04/13 02:14.How much would I make if I put $100 in Shiba? ›
1, 2021, Shiba Inu tokens were trading hands at a price of $0.000000000077, and today they trade at about $0.00001114. That's a gain of 14,467,432%. In dollar terms, had you invested $100 on Jan. 1, 2021 and held on until today, you'd be sitting on an absolute fortune worth almost $14.5 million.How much would make if invested $100 in Shiba? ›
That investment would be worth an astonishing $2,237,254.90 today based on a price of $0.00001141 for SHIB at the time of writing. Shiba Inu hit an all-time high of $0.000084 in October 2021. At its peak, the $100 investment would have been worth $16,470,588.24.How much money would you make with 20 dollars on Shiba coin? ›
The conversion value for 20 USD to 1814882.033 SHIB. BeInCrypto is currently using the following exchange rate 90744.102. You can convert USD to other currencies like BNB, DOGE or USDT. We updated our exchange rates on 2023/04/12 15:03.Which is the worlds no 1 crypto staking opportunity? ›
While Forbes Advisors ranked Gemini, KuCoin, Kraken, Coinbase and Binance.US as the Best Crypto Exchanges for Staking and Rewards, other crypto exchanges offer staking and rewards for crypto holdings. Bitstamp and eToro are a few examples.
How much can I earn with Staking ? Staking Shiba Inu can give you from 3% up to 5% Annual Percentage Rate (APR). You can either use Binance or Crypto.com to buy and stake your Shiba Inu coins. Staking 1460000 Shib for 360 days would return 73800 additional coins in your account.What is the downside of staking coins? ›
There are a few risks of staking crypto to understand: Crypto prices are volatile and can drop quickly. If your staked assets suffer a large price drop, that could outweigh any interest you earn on them. Staking can require that you lock up your coins for a minimum amount of time.How do you passive income with a Shiba Inu? ›
One of the ways to earn passive income with Shiba Inu is through staking. Like Binance Coin, users can stake their Shiba Inu tokens and earn interest on their investments.What to buy after Shiba Inu coin? ›
- Bitcoin. How can the list not start with the largest cryptocurrency – Bitcoin? ...
- Ethereum. ...
- Polkadot. ...
- Cardano. ...
- Solana. ...
- Tether. ...
- Binance coin. ...
- Ripple's XRP.
Even further into the future, our Shiba Inu pricing projection for 2030 considers adoption by renowned companies. Considering all that, our Shiba coin price forecast predicts that the token may be worth $0.0002 by the end of 2023.What is the rarest type of Shiba? ›
The sesame Shiba Inu is among the four coat colors of the Shiba Inu dog breed. The sesame Shiba Inu coat color is also the rarest and most difficult to properly define. Many new Shiba Inu owners may think they have a sesame Shiba Inu when in reality, true sesame Shiba Inus are quite elusive.What crypto platform supports Shiba Inu? ›
Coinbase – Beginner-Friendly Platform to Buy Shiba Inu Coins
Coinbase is another option if you're wondering where to buy Shiba Inu, as the platform offers a wide array of crypto assets to trade through the browser-based platform or the Coinbase App.
- Select the Ethereum to Shiba Inu swap pair.
- Enter the total amount of ETH you are going to exchange.
- Choose the best ETH to SHIB swap offer.
- Click on the Exchange button.
- Enter your wallet address to receive Shiba Inu to your wallet.
- Send your ETH deposit to the generated address.
Which crypto will blow up this year? Love Hate Inu is the next cryptocurrency to explode in 2023. It's a vote-to-earn project offering industry-leading crypto rewards for participating in polls and surveys.What is the best crypto to invest in 2023? ›
- Bitcoin (BTC) Market cap: Over $350 billion. ...
- Ethereum (ETH) Market cap: Over $ 170 billion. ...
- Tether (USDT) Market cap: Over $66 billion. ...
- Binance Coin (BNB) Market cap: Over $45 billion. ...
- XRP (XRP) Market cap: Over $18 billion. ...
- Cardano (ADA) ...
- Solana (SOL) ...
- Polkadot (DOT)
- Metacade (MCADE)
- Ripple (XRP)
- Shiba Inu (SHIB)
- Polygon (MATIC)
- The Sandbox (SAND)
- Polkadot (DOT)
- Solana (SOL)
- Dogecoin (DOGE)
Current value of 4000 SHIB in USD is 0.049 USD.Can Shiba Inu make it to one penny? ›
The current price of SHIB is about $0.000013. Hence, if SHIB gets to $0.01, investors would make over 700 times their money. In any case, Shiba Inus would require a market cap of about $5 trillion to get to $0.01, which is an enormous amount of money.