The world of cryptocurrency is full of excitement and any developments from well known participants spark endless speculation. Elon Musk recently included Dogecoin (DOGE) in his announcements, causing this meme token to soar dramatically. Shiba Inu (SHIB) also performed well after a large token burn. As these meme hyped coins gained market traction through speculation and high burn rates, a new participant joined the blockchain landscape.
Zig Network (ZIG) has piqued interest with its revenue sharing model, which is a novel approach to the crypto sector. Letâs analyze how these coins are performing in the current scene and why Zig Network (ZIG) is expected to overtake these meme coins anyhow.
Dogecoin (DOGE): New Rise with Muskâs Support
Dogecoin (DOGE) has relied on support from Elon Musk since its beginning as a fun meme token. Each time, his mention caused the Dogecoin (DOGE) price to reach new highs. For instance, his 2021 comment about Dogecoin (DOGE) being the peopleâs crypto caused the coin to touch its highest price of $0.73. However, this also showed how much Dogecoinâs success is tied to Muskâs support, which certainly makes it not a peopleâs coin but a project of volatility and uncertainty.
In 2024, Dogecoin (DOGE) remained relatively stable, hovering around $0.06 without seeing any high price movements. Now, investors have started questioning its reliance on Muskâs influence and how it can ensure long term sustainability. While Dogecoin (DOGE) has a loyal fanbase, investors are starting to seek alternatives with more substantial utility and growth potential.
Shiba Inu (SHIB): Community Driven but Volatile
Shiba Inu (SHIB) has managed to attract an active community behind its project with an aggressive burn rate as well as a focus on the reduction of circulating supply. Shiba Inu âs burn rate has surged by 367% and it has successfully destroyed more than 11.5 million tokens in the market circulation. While such indicators reflect good community engagement, the price of Shiba Inu (SHIB) is still low with its value at $0.0000073.
Though it has picked pace lately, Shiba Inuâs growth is uncertain and just like Dogecoin (DOGE), it suffers from volatility and low utility. Many investors have instead found better investment options promising a stable return, such as Zig Network (ZIG).
Why Zig Network (ZIG) is a Game Changer
Zig Network (ZIG) is a newcomer to the cryptocurrency sector with a model that allows holders to receive a share of platform revenues. This is a novel strategy for developing a sustainable environment for long term growth that will not be influenced by market speculation. Furthermore, Zig Networkâs liquidity is forever locked and its smart contracts have been audited by a third party to ensure its security. What genuinely distinguishes Zig Network (ZIG) is its capacity to create passive revenue through staking, as well as its practical utility as a ZIG debit card for real transactions.Â
Zig Networkâs VIP rewards program and decentralized governance model have granted users something more than mere speculative trading. In 2024, Zig Network (ZIG) can spark excitement as the only reliable option to surpass Dogecoin (DOGE) and Shiba Inu (SHIB) in terms of value and utility.
To find out more about the Zig Network (ZIG), use the links below:
Participate in the Zig Network
Read the Zignet WhitepaperÂ
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