SHIB and XRP are top runners in the crypto ecosystem. They both seem to be ready to bounce back after the immense price drops. But which coin does a better job at winning the race – the meme coin or the native token of the Ripple payment network? Delve into this article to get to know more about the projects they empower and compare SHIB vs XRP considering their current value and price predictions.
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Shiba Inu: Noteworthy Facts
Shiba Inu (SHIB) is an ETH altcoin featuring the lovely Japanese breed as its mascot. Being a more robust alternative to Dogecoin, Shiba Inu has grown into an open-source environment for building dApps and smart contracts on Ethereum, instead of its own blockchain.
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When creating this project in 2020, its founder Ryoshi was curious about what may happen to the crypto project that totally relies on the community in its governance. Now it gathers 500,000 like-minded people who strive to create something powerful out of nothing.
The Shiba Inu ecosystem is run by three tokens: SHIB, LEASH, and BONE. There are also:
- ShibaSwap — a DeFi platform for trading cryptocurrencies;
- Shiba Inu Incubator — an NFT project for appreciating various art forms;
- Shiboshis — a collection of NFTs written on Ethereum.
The Shiba Inu tokens are used across its ecosystem. Its holders can purchase goods and services. Additionally, some wallets allow you to deposit SHIB and use it like traditional currency for online shopping.
SHIB Coin Price Trends
The SHIB is now ranked the 15th largest cryptocurrency on the market. It is traded at $0.00000828 holding $4,546,794,539 of the market capitalization. As we look at its performance, we will see that SHIB decreased its current value by 0.14% within the last 24 hours. The market cap is also down. Its price has changed during the past 7 days as well dropping by 3.69%.
In the future, SHIB is projected to be traded at $0.00001259 in 2023. Later, it may reach the average cost of $0.00002509, but it will happen only in 2025.
Ripple: Noteworthy Facts
Ripple is a global payment blockchain-based system used by banks and other financial mediators. It allows secure international payments across currencies, be it traditional money like dollars and euros or cryptocurrencies. Its native token, XRP, is widely utilized for quick conversion between various currencies.
To enable transactions, Ripple uses gateways. These are businesses or other individuals that serve as a middleman between parties exchanging currencies or transferring payments within the network.
The Ripple network is known for fast transactions (from 3 to 5 seconds) at a low fee ($0.0002 per transaction). It operates 24/7, so serves as a great alternative to banks that are not available outside of business hours.
XRP Coin Price Trends
As a holder of the 6th place in the crypto rating, XRP has an $18.62 billion market cap with 50 billion coins circulating on the market. It is now valued at $0.37, and in the future, the asset is predicted to grow up to $0.87. By 2025, experts agree that it will reach the $1.6 value, while the next two years do not promise to be fruitful.
Conclusion
So, while the concept of Shiba Inu can be fun, Ripple is a more practical platform applicable for real-world usage. Though, considering how these coins will progress in the future, they are unlikely to become a solid long-term investment.
Therefore, you may be willing to consider other investment opportunities. For example, as you compare XRP or SHIB to ATOM vs AVAX, you may have a better idea of where to fund your money.
