If you want to invest in crypto in November, then you may be interested to know that there has been a huge surge in meme coins.
Some of the top coins for you to be investing in right now include Dogecoin, Shiba Inu Coin, and Toon Finance. If you want to find out more about each coin and the benefits that they can offer, then simply take a look below.
You may be asking yourself, how much should you be buying this particular coin? The answer can be a little difficult to explain. Dogecoin is not a good investment if you look at it through traditional means, but this could well be the reason why you should be investing in it. Dogecoin was created by Billy Markus, a software engineer.
He created the coin in just under 3 hours and did so by copying the core code for Bitcoin. He spent a lot of his time making slight changes so that the text would show as being Comic Sans. He was the first to admit that the coin was created as a joke. He even went as far as to sell his position in 2015, and in this day and age, it would have been worth millions. Since then, it has been able to surpass a $75 billion market cap.
Even though it has fallen significantly, it’s still one of the biggest cryptocurrencies in the world. Just like Bitcoin, and precious metals, the price is dependent on what people are willing to pay for it. In some instances, people are willing to pay a lot for this particular coin, along with the Shiba Inu coin.
For that reason alone, this is one of the best coins for you to be investing in right now. It has so much potential, and it looks like things can only get better. The price right now is cheap, the market cap is insane, and those are the only two factors that you need to take into consideration when assessing this coin as a potential investment.
CoinMarketCap.com Price Data Shiba Inu Coin
The Shiba Inu coin launched in the year 2020 and they had the main mission of trying to overtake Dogecoin. At one point, this coin was actually called the Doge Killer. Shiba Inu helped to flip the market cap and it was soon able to become the alpha pup. This is one of the biggest cryptocurrencies in the world and somehow, it has been able to beat out some of the more serious coins too.
The team has launched a DEX as well, known as ShibaSwap. This is a platform where users can stake their tokens in an attempt to earn as much interest as possible. They have also said that they want to penetrate the Layer 2 Space with a network that is entirely focused on scalability. Recently, the coin has had a bit of a boost too. Elon Musk has come out to say that although he doesn’t own any of this coin, he has posted tweets about his dog. His dog is called Floki, and a Shiba Inu.
Even though Musk has said time and time again that he is pro-crypto, it is important to know that he has the ability to influence coins negatively as well. One of the main things that you need to look for when analyzing high-potential cryptocurrencies would be for you to take note of tokenomics. Tokenomics make a lot of sense to investors, especially with the Shiba Inu coin. Since it launched, the supply has decreased for the coin.
Half of the supply went to Vitalik Buterin but he burned most of them and then donated the rest to the country of India to try and support the Covid-19 recovery movement. This meant that the supply reduced dramatically, and as demand grows, the potential for this price to go up is incredibly high. It is safe to say that this is a no-brainer if you are an investor, and if you have not invested in it yet, then now is the time for you to change that.
Toon Finance Ranked #1 ICO CoinMarketCap.com
If you are highly interested in cryptocurrency, then you have probably seen the news about this coin. It’s going viral right now and it is a great option if you are an investor. If you aren’t sure if this is the coin for you to be investing in right now, then you should know that meme coins are now on the rise. One of the oldest meme coins out there is Dogecoin, which hit the market in 2013.
Ever since then, more coins have been released. You have the Shiba Inu coin, and you also have the Akita Inu meme coin as well. That being said, one coin that is dominating the market right now would be the Toon Finance coin. This coin is based on a meme but that being said, it has a well-disciplined team who are working behind the scenes to try and make this coin as much of a success as possible.
The Toon Finance movement originally started out as an NFT project but since then there have been 100 new characters created.
A lot of people who take the plunge and invest in cryptocurrency are able to make a lot of profit and they also help to keep their investment secure too. That being said, investors have a tendency to sell collectibles for investment purposes.
This has increased after NFTs came to the market. The team behind the coin, along with the artists that they have working with them, mean that this coin is highly collectible, and this helps to strengthen it as an investment. If you have not invested in this coin yet or if you have not given much thought to it in general, then now is the time for you to change that by taking the plunge this November.
The price of this coin is showing a lot of potential, and it is also highly popular, which are the two main signals you should be looking at when making an investment.
Decentralized Exchanges In Crypto
A decentralized exchange is a cryptocurrency exchange which operates in a decentralized manner, without a central authority. Decentralized exchanges allow peer-to-peer trading of cryptocurrencies. These exchanges are often built on blockchain technology. In a decentralized exchange, there is no single point of control. The trade order book is distributed across a network of computers, and the trade matching engine is run by smart contracts on a blockchain.
Why Use A Decentralized Exchange?
There are many advantages to using a decentralized exchange over a centralized one. One advantage is that there is no single point of control. This means that the exchange cannot be shut down by any one entity. decentralization also makes the exchange more secure, because there is no central server which can be hacked. Furthermore, decentralized exchanges are often censorship-resistant, meaning that they cannot be censored by any government or other entity.
Another advantage of decentralized exchanges is that they often have lower fees than centralized ones. This is because there are no middlemen involved in the process. Furthermore, users retain control of their own private keys, which means that they are less likely to lose their funds in an exchange hack.
Types Of Decentralized Exchanges
There are two main types of decentralized exchanges: those built on blockchain technology, and those that are not. Blockchain-based exchanges use smart contracts to match orders and settle trades.
Non-blockchain based exchanges typically use atomic swaps. Atomic swaps allow two parties to trade cryptocurrencies without the need for a third party to hold custody of the funds during the trade.
Decentralized exchanges offer many advantages over centralized ones, including increased security, lower fees, and censorship resistance. There are two main types of decentralized exchanges: those built on blockchain technology, and those that use atomic swaps. If you’re looking to trade cryptocurrencies in a more secure and efficient manner, then a decentralized exchange may be right for you.
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