Shiba Inu (78 million percent in a year) and Koinos (535% in a month)

The story of Shiba Inu (SHIB), the most powerful crypto artist of the year, still blows your mind – even after many retelling. Just 12 months ago, according to CoinGecko, the price of a SHIB token with ten leading zeros was USD 0.000000000063 with a volume of USD 682.58.

By the end of October this year, six of those zeros were gone and Shiba Inu made Dogecoin the largest dog-themed token in the world, one of the top 10 cryptocurrencies by value, around $ 47 billion.

Despite a decline of nearly 40% from this all-time high, SHIB remains at a market capitalization of nearly $ 29 billion – making it nearly 350 times more valuable than our competitor, the Koinos Network (KOIN).

Koinos Network was the best performer of the week on the data and information platform Cointelegraph Markets Pro, where the exclusive VORTECS ™ Score has delivered a number of over 90 extremely bullish points in the last two weeks.

After those readings, KOIN rose from its previous high of around $ 0.22 to a recent high of $ 0.95 – still well below its market cap of $ 100 million.

What do these two projects have in common? Almost nothing … other than their strong performance in the market.

For crypto investors who can’t decide between canine memecoins and layer 1 blockchain platforms, here’s a quick breakdown of their comparative strength.

technology

Koinos is a blockchain smart contract platform, or Layer 1, that aims to deliver a variety of technical innovations. First, it’s modular – which means it’s easier to upgrade than current blockchains and potentially eliminates the need for the hard fork.

It’s also designed to be emotionless, which the team says will help more people participate in blockchain-based decentralized applications. And it offers universal language support, a feature that could help more developers deploy these apps without learning new skills. It is currently in the testnet phase.

Shiba Inu has almost no technical features that set it apart from other memecoins, and its use cases are essentially transaction-restricted.

Winner: Koinos

Community

Shiba Inu has over 1.9 million followers on Twitter; a Reddit page with 425,000 members; and nearly a million active wallets. Its followers are some of the busiest in the crypto space, and Cointelegraph could hardly post an article on social media these days without a bunch of SHIB followers stepping in. The community is engaged, active … in fact foolish in their enthusiasm for everything to do with Shiba Inu.

Koinos has exactly 1,500 followers on Twitter at the time of writing, and its Discord channel mostly contains complex discussions about microservices architecture.

Winner: Shiba Inu (one mile)

team

Koinos was developed by the core team that had previously worked on the STEEM blockchain, and they resigned immediately when that project was “taken over” by Tron founder Justin Sun.

Shiba Inu’s creator, Ryoshi (which means “fisherman” in Japanese) is a developer whose pen name claims that he or she is not responsible for anything. Marketing seems like a powerful addition, however.

Winner: Koinos

Market capitalization / growth potential

Koinos has a market cap of just over $ 83 million at press time. His total supply of 99.5 million tokens was in circulation, all distributed during a “fair mining” period in which anyone with a computer could mine the tokens.

Shiba Inu is famous for its total offering of 4 million tokens, of which nearly 55 billion are in circulation. With a market capitalization of nearly $ 29 billion, it is currently the eleventh largest cryptocurrency in the world.

The growth potential is difficult to gauge, but Koinos would like to join the ranks of Layer 1 platforms like Ethereum, Solana, Cardano and Polkadot, four of the world’s leading tokens by market cap with a total value of nearly $ 750 billion.

If KOIN were only 1% of Ethereum’s market cap, it would have to be worth $ 5.55 billion – in other words, it would have to be 6,687 times its current price.

With no natural competitor other than Dogecoin (which leads it with a market cap of $ 34 billion), Bitcoin could be its most ambitious competitor with a market cap of $ 1.226 trillion. The SHIB is already over 2.3% of the value of Bitcoin, which seems to limit its upside potential. In fact, it could be argued that SHIB has peaked.

Winner: Koinos (one mile)

credit

Unrealized gains are just that. With a trading volume of over $ 1.73 billion in the last 24 hours, the SHIB token is traded on the world’s leading exchanges – including Binance, Coinbase, OKEx, Huobi, Bitfinex and KuCoin. It’s very big. It’s huge. It’s a monster.

However, KOIN is currently only available through Uniswap, where the last day’s volume was a tiny $ 283,000.

Winner: Shiba Inu

fun

Shiba Inu enables owners to obtain large amounts of tokens (millions of millions!) At a low cost. The community is enthusiastic and excited, the memes are amazing and as the ecosystem expands, more products and tokens (LEASH, BONE) are helping to convey a sense of inclusion and fun.

And let’s face it, damn cute dog.

Koinos is a serious, thoughtful, deeply technical blockchain, with no cute and cuddly creatures in sight. As an infrastructure project, its core characteristics are absolutely not Japanese hunting dogs, or really any type of dog. Shame on you.

Winner: Shiba Inu

risk

Shiba Inu has Elon Musk. When the richest man in the world tweeted that he didn’t own a SHIB, the price fell 20% in one day. And Vitalik Buterin wasn’t interested enough to give the SHIB he had been given (now valued at $ 21 billion) without thinking.

As a memecoin, it can only last as long as it is profitable. As that attention shifts elsewhere, as has happened with many cryptocurrencies and stocks that have taken a big slump this year, SHIB may find they need a lot more to add to cover.

Koinos may fail to meet the team’s ambitious goals. Or maybe not enough developers can be found to maintain a healthy ecosystem. Or the world could just decide that we have just enough Layer 1 blockchain and continue to pour tens of millions into existing projects like Solana.

Like any Tier 1, Koinos needs both developer and killer dApps interest to compete with the big players in the field. None of them are one.

Winner: None

Final result: a tie

While koinos screams seriousness, Shiba Inu delights – and in the strangest years for investors, these two tokens have found an audience that their value proposition will resonate with.

Whatever your cryptocurrency trading strategy – whether it is based on the fundamental strengths of the project’s technology or the immense strength of the community – Cointelegraph Markets Pro can be a useful addition to your business.

Cointelegraph is a financial information publisher, not an investment advisor. We do not offer any personalized or personalized investment advice. Cryptocurrencies are volatile investments and carry significant risks, including the risk of total loss and permanent loss. Past performance does not dictate future results. Figures and diagrams are correct at the time of creation or are subject to other regulations. Directly tested strategies are not recommendations. Consult your financial advisor before making any financial decisions.

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