Shiba Inu (78 million % in a yr) vs Koinos (535% in a month)

The story of Shiba Inu (SHIB), crypto’s best-performer of the yr, nonetheless boggles the thoughts — even after a number of retellings. Just 12 months in the past, the worth of 1 SHIB token had ten zeros in entrance of it: $0.000000000063 on quantity of $682.58, in line with CoinGecko.

By late October of this yr, six of these zeros had gone and Shiba Inu had flippened Dogecoin to grow to be the biggest dog-themed token on this planet, a top-ten cryptocurrency worth round $47 billion.

Despite dropping virtually 40% from that all-time excessive, SHIB nonetheless sits at a market cap of virtually $29 billion — making it virtually 350 occasions extra beneficial than our contender, Koinos Network (KOIN).

Koinos Network has been the best-performer of the week on the Cointelegraph Markets Pro knowledge and intelligence platform, the place the proprietary VORTECS™ Score served up a vastly bullish sequence of 90+ scores over the past two weeks.

Following these scores, KOIN soared from a earlier excessive of round $0.22 to a current high-water mark of $0.95 — nonetheless comfortably under a $100 million market cap.

What do these two initiatives have in frequent? Almost nothing… besides their robust performances within the markets.

So for crypto traders who can’t resolve between canine memecoins and layer-1 blockchain platforms… right here’s a tongue-in-cheek evaluation of their comparative strengths.

Technology

Koinos is a foundational, or layer-1, smart contract blockchain platform that goals to ship quite a lot of technical improvements. Firstly, it’s designed to be modular — that means that it needs to be extra simply upgradeable than present blockchains, and will doubtlessly eradicate laborious forks.

It can also be constructed to be feeless, which the workforce claims will assist onboard many extra folks to blockchain-based decentralized functions. And it has common language help, a function which will assist extra builders deploy these functions with out studying a brand new skillset. It’s presently working within the testnet section.

Shiba Inu has just about no technical options that distinguish it from different memecoins, and its use-cases are basically restricted to trading.

Winner: Koinos

Community

Shiba Inu has over 1.9 million followers on Twitter; a Reddit web page with 425,000 members; and virtually one million lively wallets. Its followers are among the many busiest in crypto and Cointelegraph can hardly publish an article on social media nowadays with out a host of SHIB shillers leaping into the feedback. The group is engaged, lively… in reality downright rabid of their enthusiasm for all issues Shiba Inu.

Koinos has exactly 1,500 followers on Twitter on the time of writing, and its Discord channel primarily comprises arcane discussions on microservice structure.

Winner: Shiba Inu (by a mile)

Team

Koinos is being developed by the core workforce that beforehand labored on the STEEM blockchain, and who resigned en masse when that venture was ‘acquired’ by Tron founder Justin Sun.

Shiba Inu’s creator, Ryoshi (which is Japanese for ‘fisherman’) is a pseudonymous developer who insists that he, she, or they aren’t accountable for something. Marketing seems to be a powerful swimsuit, nevertheless.

Winner: Koinos

Market Cap / Upside Potential

Koinos has a market cap of simply over $83 million on the time of writing. Its whole provide of 99.5 million tokens is already in circulation, all of which had been distributed throughout a ‘fair mining’ interval throughout which anybody with a pc may mine KOIN ERC-20 tokens.

Shiba Inu famously has a complete provide of a quadrillion tokens, of which nearly 55 billion are in circulation. With a market cap of virtually $29 billion, it’s presently the world’s Eleventh-largest cryptocurrency.

Upside potential is tough to evaluate, however Koinos is searching for to affix the ranks of layer-1 platforms like Ethereum, Solana, Cardano and Polkadot, 4 of the world’s high tokens by market cap with a joint worth of virtually $750 billion.

If KOIN was to achieve simply 1% of Ethereum’s market cap, it will should be value $5.55 billion — in different phrases, it must multiply 6,687x from its present worth.

With no pure friends apart from Dogecoin (sitting one place forward of it at $34 billion in market capitalization) Shiba Inu’s most aspirational rival could be Bitcoin, with a market cap of $1.226 trillion. SHIB is already at over 2.3% of Bitcoin’s worth, which seems to restrict its potential upside. Indeed it could be argued that SHIB has already peaked.

Winner: Koinos (by a mile)

Liquidity

Unrealized beneficial properties are simply that. With a trading quantity in extra of $1.73 billion over the past 24 hours, SHIB token trades on the world’s high exchanges — together with Binance, Coinbase, OKEx, Huobi, Bitfinex and KuCoin. It’s large. It’s immense. It’s a monster.

KOIN, nevertheless, is barely out there by way of Uniswap on the present time, the place its quantity over the past day is a paltry $283,000.

Winner: Shiba Inu

Fun

Shiba Inu permits holders to amass large stacks of tokens (hundreds of thousands and hundreds of thousands!) at low value. Its group is enthusiastic and excitable, the memes are superior, and because the ecosystem expands, extra merchandise and tokens (LEASH, BONE) assist drive a sense of inclusion and pleasure.

And let’s face it, the canine’s rattling cute.

Koinos is a critical, considerate, deeply technical blockchain with no cute and cuddly critters in sight. As an infrastructure venture, its core options are completely devoid of Japanese looking canines or certainly canines of any variety. Shame on you.

Winner: Shiba Inu

Risks

Shiba Inu has Elon Musk. When the world’s richest man tweeted that he owned no SHIB, the worth dropped 20% in a day. And Vitalik Buterin was uninterested sufficient to donate the SHIB he was gifted (now value $21 billion) with barely a second thought.

As a memecoin it will probably solely be sustained so long as there’s curiosity. When that spotlight strikes elsewhere, because it has finished with quite a few virally-driven cryptos and shares this yr, SHIB might discover that it wants so as to add extra chew to its bark.

Koinos might not ship on the workforce’s bold targets. Or it might not discover sufficient builders to maintain a wholesome ecosystem. Or the world might merely resolve that we now have sufficient layer-1 blockchains proper now, and hold plowing tens of hundreds of thousands into present initiatives like Solana.

Like any layer-1, Koinos will want each developer curiosity and killer dApps to rival the large gamers within the house. Neither of these is a given.

Winner: None

Final Score: Tie

While Koinos screams seriousness, Shiba Inu yaps enjoyable — and within the strangest of years for traders, each of those tokens are discovering audiences with whom their worth proposition resonates.

Whatever your crypto trading technique — whether or not or not it’s based mostly on the elemental strengths of a venture’s know-how or the immense energy of its group — Cointelegraph Markets Pro generally is a helpful addition to your investing analysis toolbox.

Cointelegraph is a writer of economic info, not an funding adviser. We don’t present personalised or individualized funding recommendation. Cryptocurrencies are unstable investments and carry important danger together with the danger of everlasting and whole loss. Past efficiency is just not indicative of future outcomes. Figures and charts are appropriate on the time of writing or as in any other case specified. Live-tested methods aren’t suggestions. Consult your monetary advisor earlier than making monetary selections.

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