Supporters of cryptocurrencies were initially drawn to the digital meme coin that depicted a Japanese dog. This led to the rising fame of Dogecoin (DOGE), and it remains to be a favorite meme cryptocurrency for most investors. Another meme token was developed shortly that the digital industry labeled as the Dogecoin killer. This led to the introduction of Shiba Inu, a cryptocurrency that has allowed investors to launch many other Inu–themed crypto tokens such as Kishu Inu (KISHU), FLOKI Inu (FLOKI), and Akita Inu (Akita Inu).
Coinmarketcap reported that these Inu-themed cryptocurrencies represent sizable trading and investment opportunities with healthy trading volumes within each respective currency category. Memes tend to have a significant impact in the digital market, but apparently, tokens and Metaverses like FIREPIN are on their way to experiencing the success of the crypto market.
Shiba Inu surpassed DOGE in market capitalization, although it was a short-term victory. Dogecoin is currently the 13th largest crypto, while Shiba Inu stands in the 15th position. Irrespective of this comparison, a new crypto coin has been developed with the potential to become more renowned.
According to AMC Entertainment, SHIB and its finances will be widely accepted as one of the payment methods in the near future. On the contrary, the theater chain will allow users to buy gift cards using DOGE, and hence, it will not be that long.
Shiba Inu may be included by Robinhood’s trading platform, but it is not known whether this will certainly occur. The Robinhood management publicly stated that they would not make any more crypto hastily available to its investors. That being said, Robinhood users can presently trade and invest in DOGE and SHIB.
What controls the price of these cryptocurrencies is the excitement and demand for each of them, and it is true for most of these meme cryptocurrencies, such as DOGE and SHIB. Fundamentally, FIREPIN tokens consider this as an element of the initial success of the FRPN token.
On the other hand, Elon Musk is a great supporter of DOGE, and he stated that DOGE could be used to buy products from his Tesla firm. This has boosted the value of DOGE by 15%. The price of the Dogecoin has increased to $0.20 after a tweet made by the CEO of Tesla, which has increased the value of Dogecoins by over 5500% in 2021. Musk regularly tweets about different currencies and has often referred to DOGE as ‘people’s cryptocurrency.
Shiba Inu may soon overtake Dogecoin, although this is not definite. While the two meme currencies fight for their supremacy, FIREPIN (FRPN) tokens demonstrate how the combination of Metaverses with smart tokenomics will potentially become the next step to crypto millions. The FIREPIN tokens will strive to be a digital project that helps in creating and progressing the future generation in virtual landscapes.
Recently, it has started its pre-sale, and it is the optimum time to start investing in FRPN tokens. With regular price increases, investors still have significant time to gain from these advantageous price rises, and it may double the investment amount. FIREPIN is a Metaverse–supported decentralized autonomous organization or DAO which is dedicated to operating and conserving the FRPN token as wealth storage for upcoming Metaverse projects like Sandbox (SAND). With such excellent features, the crypto definitely has the potential to become the next big digital coin. However, it is recommended to take caution while making investments in digital currencies.
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Source: https://www.cryptonewsz.com/could-firepin-be-a-practical-alternative-to-shiba-inu-or-dogecoin/