Currency Zoo:Dogecoin, SHIB Token, AKITA Token

Elon Musk’s Cryptic Tweets

In February, Elon Musk tweeted that “Dogecoin is the people’s crypto,” successfully pushing Dogecoin to the forefront of the cryptocurrency wave. The price of Dogecoin has increased by 13930.2% in the past 1 year. Today, Dogecoin exceeded $0.38. Perhaps the popularity of Dogecoin is too high, and SHIB and AKITA, born in April, also ushered in a wave of rising trends. In the past 30 days, Shiba Inu has increased by 628.4%, and Akita Inu has increased by 92.8%.

Type of DOGE

Introduction

SHIB is an experiment of decentralized spontaneous community building. The SHIB token, nicknamed DOGECOIN KILLER, is the first token in the community, allowing users to hold billions or even trillions of tokens. In the past 24h, the data shows that SHIB’s volume reached $1.37B USD.

AKITA INU is a 100% decentralized community experiment. It was launched on Uniswap 3 months ago. In the week of the Dogecoin anniversary on 4/20, the trading volume of AKITA INU is an average of more than $97 million per day. 

PIG is the token of Binance Smart Chain and the first token to adopt a black hole design, greatly reducing the total supply in circulation. The data on the PIG chain shows that it is about to exceed 100,000 currency holder addresses. More currency holder addresses mean better liquidity. As of May 26, on Gate.io, the PIG 24-hour volume reached $5.65M.Gate.io has also opened the PIG PoS mining investment for PIG owners to earn more coins with the PIG in hand.

Lion Coin is a 100% decentralized spontaneous community construction experiment based on the Huobi Ecological Chain, Binance Smart Chain, and GateChain. The Lion coin is a cryptocurrency unique to Gate.io with high trading volume. For Lion, which has just launched on Gate.io, its price is low, but the price trend is robust, with only 5.11 a day’s increase reaching 65%.

Go to gate.io

Will it be the next Bitcoin?

Dogecoin is a cryptocurrency, much like Bitcoin, which enables peer-to-peer transactions in a decentralized network. The most important difference is that Bitcoin is the original blockchain proof of concept. Bitcoin has the potential to change the way money works in the 21st century. Dogecoin is a digital currency with the image of a dog, and even many people think it is just a joke.

However, from the ROI, it has become very ironic. Dogecoin has risen by nearly 13930.2% in the past 1 year.The data shows that Dogecoin’s historical return on investment (ROI) has also greatly exceeded the world-class asset Bitcoin. The ROI of Dogecoin is generally better than Bitcoin. In other words, if you invested a year ago, then Bitcoin will bring you 521% of income, and Dogecoin will earn 22,412% of revenue.

Data on: https://coinmarketcap.com/

“Investing in Dogecoin,” Palmer tweeted, “pretty sure it’s the next big thing.” Therefore, whether Dogecoin can become the next Bitcoin is still unknown.

Trading Doge on Gate.io

Why choose gate.io?

Gate.io is a global cryptocurrency exchange, and its ROI is the second highest in the world. After the surge in SHIB, the SHIB and Doge trading volume on Gate.io is the third in the world, with trading volume exceeding 1 billion USD successively. Not only that, the speed and variety of token listings on Gate.io far exceed those of other exchanges, and users will not miss the opportunity to buy high-quality new projects at low prices in the early days.

Products of gate.io

Spot Trading

More than 400+ cryptocurrencies are listed on gate.io, including Dogecoin, SHIB, LION. Our 24h transaction volume is up to 1.2 billion US dollars.

Margin Trading

Users can borrow cryptocurrency from the platform by collateralizing their existing digital assets to conduct currency transactions. Margin products can increase potential profits exponentially, but they can also expand your potential losses.

Quant Trading

gate.io allows investors to use Smart Strategies for cryptocurrency trading. In the case of frequent market price fluctuations, using a quantitative strategy can reduce the possibility of loss and is suitable for novices.

Perpetual Contract

Perpetual contract is a kind of futures contract without an expiration date or settlement. Perpetual contracts can not only hedge the risks of the underlying assets, but also obtain income according to reasonable expectations.

Lending

If you want to hold the currency for a long time, you can manage your money by lending your own currency. The annualized rate of return on financial management is expected to be 3.65~365%.

How to trade on gate.io

Users can buy them on the gate.io or gato.io APP

  • Log in or Sign up on gate.io

Sign up on gate.io

  • After signing up, you will receive a confirmation mail from the site.Click the link and follow the prompts for real-name verification
  • Deposit funds into the account
  • Find the project you want to invest in and trading

Although Dogecoin, SHIB INU and AKITA INU have seen substantial increases in recent months, a large part of the reason is due to the influence of Musk’s popularity. Once the boom is over, they are also likely to face a sharp decline. Therefore, careful investment is required. As mentioned in Musk’s tweet,”Cryptocurrency is promising, but please invest with caution!”

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