In 2021, Shiba Inu (SHIB), often referred to as the “Dogecoin killer,” witnessed an astonishing surge that captured the cryptocurrency community’s fascination. Originating as a token inspired by internet memes, SHIB underwent an explosive rise to reach an astonishing $40 billion in market capitalization, briefly securing a spot among the top 10 cryptocurrencies.Despite currently boasting a market capitalization of $6 billion, the dedicated “Shiba Army” is starting to cast its gaze towards alternative options, perpetually on the lookout for the next groundbreaking token.

In this listicle, we delve into seven such cryptocurrencies and assess their potential and feasibility as moonshot investments capable of rivaling SHIB in valuation and significance:

Retik Finance (RETIK)

Retik Finance stands at the forefront of innovation, driven by a resolute mission to establish an entirely decentralized finance ecosystem that bridges the divide between the world of cryptocurrencies and traditional fiat applications, mirroring the functionalities of Visa and Mastercard Debit Cards. Through the elimination of third-party intermediaries in financial transactions, including banks and intermediaries, Retik Finance introduces the efficiency and security of Smart Contracts, laying the foundation for a financial environment grounded in transparency and trust.

The core vision of Retik Finance revolves around the transformation of the global financial landscape through pioneering decentralized finance (DeFi) solutions. With a profound commitment to decentralising the conventional banking sector, Retik Finance unveils a comprehensive ecosystem tailored to empower individuals and businesses across the globe.

By offering a seamless integration of digital and traditional finance, facilitated by the Retik Wallet, DeFi Debit Cards, and Retik Pay, this platform facilitates cryptocurrency transactions, earnings, and expenditures with utmost ease.

At the heart of this dynamic ecosystem lies the $RETIK token, serving as the linchpin that promotes financial autonomy, facilitates governance, and fosters active user engagement. By embracing decentralized technologies, Retik Finance addresses the limitations of traditional banking systems, reinforcing security, accessibility, and privacy while enabling frictionless cross-border transactions.

With an ongoing successful presale, a burgeoning user base, and imminent listings on major exchanges slated for 2024, Retik Finance is poised to harness its substantial potential and ascend to match or even surpass the market capitalization of Shiba Inu, marking a significant milestone in the world of decentralized finance.

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Aptos (APT)

In the realm of Web3 technology, Aptos (APT) stands as a prominent Proof-of-Stake (PoS) blockchain network meticulously engineered to excel in both scalability and security. Aptos leverages the Move programming language, originally developed by Meta for their Libra project. The Move language is engineered with a primary focus on fortifying security and resource management to thwart common vulnerabilities found in smart contracts.

What sets Aptos apart is its unique parallel execution engine, enabling the simultaneous processing of multiple transactions. This remarkable feature enables Aptos to achieve a maximum throughput exceeding 150,000 transactions per second (tps), substantially surpassing the speed of Ethereum. In doing so, Aptos aims to provide a solution to the persistent scalability challenges plaguing the blockchain industry.

Currently boasting a market capitalization exceeding $3 billion, Aptos has firmly established itself as a frontrunner in the quest to match the market cap of Shiba Inu. Its rapid ascent to prominence is indicative of its growing importance and adoption within the blockchain ecosystem.

Arbitrum (ARB)

Arbitrum stands out as a Layer 2 scaling solution specifically designed for the Ethereum blockchain. Its primary objective is to address the issues of congestion and high transaction costs that have been plaguing Ethereum while maintaining robust security measures.Presently, Ethereum can handle approximately 15 transactions per second, while Arbitrum boasts the capability to process hundreds of transactions within the same timeframe.

With over 500 decentralized applications (dApps) already integrated into its network, Arbitrum has witnessed a substantial surge in usage since its initial launch in 2021.The ecosystem and governance structure surrounding the ARB token underwent significant enhancements in March 2023. As Arbitrum continues to gain traction within the cryptocurrency market, its valuation is expected to make strides toward matching the market capitalization of Shiba Inu, reflecting its growing prominence and utility.

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Aave (AAVE)

Aave, operating on the Ethereum network, stands as an open-source, non-custodial lending platform that offers users the following functionalities:

Deposit various cryptocurrencies to earn interest on their holdings.

Secure cryptocurrency loans against their provided digital assets.

Think of Aave as a decentralized financial institution that effectively eliminates third-party involvement. This is made possible through the utilisation of smart contracts, which facilitate direct interactions between lenders and borrowers, autonomously executing predefined terms of loan agreements.Aave boasts support for over 17 different cryptocurrencies, encompassing prominent altcoins such as USDC, significant tokens like ETH, and a range of stablecoins.With its current valuation standing at $1.5 billion, Aave is poised to vie for a market cap comparable to that of SHIB, especially as the cryptocurrency market continues to expand and evolve.

Gala (GALA)

Gala Games, a decentralized platform renowned for its blockchain-based gaming ventures, relies heavily on its primary utility token, GALA, to drive its ecosystem.Holders of GALA tokens wield the power to influence decisions pertaining to the growth and trajectory of the Gala Games platform through voting. GALA tokens can be earned by players through various means, including gameplay, mission accomplishments, and active participation in events.

Furthermore, users have the opportunity to enhance network security and earn passive rewards by staking their GALA tokens.The demand for GALA is intrinsically linked to the popularity and acceptance of the Gala Games platform and its array of titles. The value of GALA experiences a boost in response to heightened engagement, increased playtime, NFT acquisitions, and heightened network activity.The imminent ascent of Gala to reach a valuation akin to Shiba Inu’s $6 billion token hinges largely on the expanding adoption of virtual gaming, marking an exciting journey for this blockchain-based gaming ecosystem.

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Bonk (BONK)

Bonk, adorned with a charming Shiba Inu mascot, stands as a meme token firmly anchored in the Solana blockchain. Its introduction to the Solana community was a Christmas gift in December 2022, delivered through an airdrop. Almost instantly, Bonk garnered widespread recognition for its comedic appeal, community spirit, and rapid price appreciation.Leveraging the scalability and speed offered by the Solana blockchain, Bonk ensures swift and cost-effective transactions for its users. It achieves this by implementing an automatic burn mechanism that reduces the total token supply while potentially increasing its value over time.

Since its successful listing on Binance, Bonk has witnessed a remarkable surge, boasting a growth rate exceeding 120%. This impressive performance positions Bonk as a token with the potential to rival Shiba Inu in terms of valuation in the months to come.

Fusionist (ACE)

Endurance, the blockchain designed specifically for social media and video games, features its native cryptocurrency known as Fusionist (ACE). With an unwavering commitment to efficiency and cost-effectiveness, Endurance ensures seamless social interactions and gaming experiences devoid of significant hindrances or delays.Within the Endurance ecosystem, ACE serves a multifaceted purpose, facilitating in-game transactions, and item acquisitions, and serving as incentives across various games, most notably Fusionist, the flagship AAA web3 game.

Moreover, ACE token holders have the opportunity to passively generate income by participating in network validation through staking.In a notable parallel to BONK’s recent listing on Binance, ACE has seen a surge in value, reaching new all-time highs. As it continues its upward trajectory, ACE stands as a token with the potential to rival the market capitalization of Shiba Inu, making it a noteworthy player in the cryptocurrency landscape.

Conclusion

While each of these tokens possesses its unique attributes and enjoys varying levels of adoption, one thing remains clear: investors who hold a diversified portfolio of these tokens are poised for a fruitful future as they mature and potentially match the market capitalization of Shiba Inu.In this race, Retik Finance appears to be at the forefront, leading the charge, with others likely to follow suit in due course.

Click Here To Take Part In Retik Finance Presale

Visit the links below for more information about Retik Finance (RETIK):

Website: https://retik.com/

Whitepaper: https://retik.com/retik-whitepaper.pdf

Linktree: https://linktr.ee/retikfinance

The post A look at 7 Tokens that can match the Market Cap of Shiba Inu appeared first on Crypto News Land.

Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.What are Candlestick Graphs/Charts? Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.Composition of a Candlestick ChartThis is how a candlestick chart pattern looks like:As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:The BodyUpper ShadowLower ShadowAlso, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.A candle has four points of data:Open – the first trade during the period specified by the candleHigh – the highest traded priceLow – the lowest traded priceClose – the last trade during the period specified by the candleHow to Analyze Candlestick Chart for Cryptocurrencies The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.Candlestick Chart Patterns Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.Let's divide the patterns into two sections:Bullish PatternsBearish PatternsAnalyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.Bullish PatternsHammer patternThis is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.Inverse Hammer patternThis is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.Bullish Engulfing patternThis is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.Piercing Line patternThis is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.Morning Star patternThis is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.Three White Soldiers patternThis is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.Bearish Patterns Hanging Man patternThis is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.Shooting Star patternThis is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.Bearish Engulfing patternIn candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.Evening Star patternThis is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.Three Black Crows patternThis is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.Happy trades and successful investments! #candles #learning #tradingStrategy $BTC $ETH $BNB

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