Shiba Inu vs. Ripple: Which Crypto Should You Choose?

 

When considering Ripple (XRP) and Shiba Inu (SHIB), it’s essential to delve into their differences to determine the superior investment.

In terms of popularity, Shiba Inu may seem more prominent, with a massive social media following. However, Ripple, despite its subdued social presence, stands as a more serious contender with substantial financial metrics.

So, which cryptocurrency should you consider for investment: Shiba Inu, known for its whimsical nature but sophisticated technical platform, or Ripple, the efficient system for international payments?

Let’s dive into the details and discover why Ripple remains our top recommendation over Shiba Inu.

Metrics Overview

Ripple (XRP)

• Market Cap: $49.6 billion
• Average Daily Trading Volume (30 days): $1,046 million
• X (Twitter) Followers: 382,000
• Platform: Unique blockchain system, confirming transactions across a federated consensus network.
• Real-World Applications: Settling international money transfers, with automatic currency conversion.

Shiba Inu (SHIB)

• Market Cap: $4.6 billion
• Average Daily Trading Volume (30 days): $132 million
• X (Twitter) Followers: 3.7 million
• Platform: ERC-20 token on the Ethereum network, boosted by the Shibarium layer-two solution.
• Real-World Applications: App development, digital payments, NFT tokens, and more.

Data Source: CoinMarketCap.com on Sept. 3, 2023. NFT = Non-Fungible Token.

Ripple: A Proven Global Payments System

While Shiba Inu may bask in the limelight, Ripple is making tangible impacts in the real world. RippleNet processes numerous cross-border payments daily, even during the SEC’s legal disputes.

Judge Analisa Torres recently dismissed two of the SEC’s three claims, leading to a swift resurgence of XRP trading on U.S. crypto exchanges. This reintegration had minimal impact on Ripple’s transaction volumes, highlighting its global autonomy.

Ripple continues to thrive, expanding its platform into various countries, with the Ripple Liquidity Hub serving as a potent currency exchange tool.

Offering cost-effective international transactions, Ripple provides a vital service, backed by a robust track record.

Shiba Inu: A Refined Community Experiment

Shiba Inu’s charm lies in its marriage of whimsy and sophistication. Rooted in a serious whitepaper, it thrives as a community-driven project with technical prowess.

Shiba Inu’s technology is impressive, featuring the successful Shibarium launch, enhancing transaction processing speed. Supported by Bone and Leash tokens, it forms the ShibaSwap decentralized finance (DeFi) system.

Users can stake tokens, mint NFTs, participate in liquidity systems, and more, all wrapped in an engaging marketing program.

Why Ripple Trumps Shiba Inu

While Shiba Inu boasts its merits, Ripple stands as the prudent choice for investors. Ripple excels in international payments and is gaining recognition worldwide. Governments explore XRP-based stablecoins for official digital currencies.

Shiba Inu, while promising, aims to tackle multiple roles without excelling in any. Ethereum remains the dominant platform for DeFi and NFTs.

For long-term investors, Ripple’s business-minded approach prevails. Its global payments system, legal resilience, and government adoption make it a robust choice. Shiba Inu, though endearing, lacks the depth needed for a crypto portfolio guardian.

Greetings and until my next article!

Neo77

Exploring GameFi: The Fusion of Blockchain and Gaming

In today’s digital age, blockchain technology is revolutionizing various industries, and the world of online gaming is no exception. Welcome to the world of GameFi, where decentralized finance meets online gaming, offering players a unique opportunity to earn cryptocurrencies while having fun.

Understanding GameFi

GameFi, short for “game finance,” is a groundbreaking concept that merges the thrill of online gaming with the power of decentralized finance. At its core lies the revolutionary idea of play-to-earn (P2E), where gamers can accumulate digital assets, rare items, and more, simply by engaging with their favorite games.

As the global gaming industry continues its exponential growth, market forecasts predict that GameFi will become a $38 billion industry by 2028. Some even speculate that it could surpass the $100 billion mark, reshaping the landscape of decentralized finance (DeFi), non-fungible tokens (NFTs), the metaverse, and beyond.

The Evolution of Gaming Rewards

In traditional video games, players could earn rewards, but these rewards often had limited value beyond the game’s virtual realm. Centralized game publishers controlled the fate of in-game items, leaving players with little ownership. However, the advent of blockchain technology and non-fungible tokens (NFTs) has disrupted this paradigm.

In the realm of GameFi, players enjoy true ownership of in-game assets, thanks to blockchain and NFTs. Moreover, gamers can monetize their gaming sessions through in-game mechanisms that reward them with cryptocurrencies.

The GameFi Ecosystem

GameFi’s success hinges on several key components:

Blockchain Technology

Blockchain technology underpins GameFi, driving in-game tokens and ensuring secure and transparent transactions. Smart contracts further decentralize the gaming experience.

Decentralized Finance (DeFi)

DeFi plays a pivotal role in the GameFi economy, offering opportunities such as staking and liquidity provision. Initial DEX offerings (IDO) in GameFi projects also rely on DeFi for fundraising. DeFi fuels in-game rewards and incentives, enhancing the gaming experience.

Non-Fungible Tokens (NFTs)

NFTs enable seamless in-game item exchanges and grant players ownership rights within the virtual world. From avatars and costumes to weapons and land, NFTs diversify the gaming experience. Marketplace integration streamlines item trading and fosters an in-game economic ecosystem.

Play-to-Earn (P2E)

GameFi pioneers the concept of P2E, a departure from the traditional pay-to-play model seen in earlier games. Players earn rewards by engaging with the game, whether by completing levels, breeding in-game characters, developing virtual land, or competing with others. Gaming DAOs and community-driven decisions promote fairness in GameFi.

Pros and Cons of GameFi

Like any emerging concept, GameFi has its share of advantages and disadvantages.

Pros

• P2E offers an alternative to the traditional pay-to-play model, making it easier for players to earn cryptocurrency while enjoying blockchain games.
• NFTs provide a gateway to virtual asset ownership without centralized control, enabling users to maximize income and acquire valuable collectibles.
• GameFi transcends geographical barriers, promoting financial inclusion and tech industry awareness on a global scale.

Cons

• Playing blockchain games can be challenging for newcomers, demanding more user-friendly game interfaces.
• GameFi tokens and NFTs can be subject to price volatility, posing potential financial risks.
• Regulatory uncertainty in the GameFi space creates additional risks for players.
• Security concerns arise due to the proliferation of scams, hacks, and fraudulent projects in the crypto sphere.

Popular GameFi Platforms

To explore the world of GameFi, consider these popular platforms:

1. Axie Infinity

Axie Infinity is a blockchain game that has taken the industry by storm. Collect, upgrade, and battle with creatures known as Axies. The game’s marketplace allows players to trade Axies, with some selling for impressive sums. The AXS token powers the game, allocating rewards and facilitating staking.

2. Illuvium

Illuvium, a 2022 entrant, offers an Interoperable Blockchain Game (IBG) experience with P2E features. Collect and train Illuvials for epic battles. The ILV token enhances in-game purchases and staking.

3. Gods Unchained

Gods Unchained is an Ethereum-based card game that grants players complete ownership of in-game cards. Strategic gameplay relies on calculation, not chance. The GODS token fuels the in-game economy and voting rights.

The Future of GameFi

While GameFi holds promise, its success depends on overcoming hurdles like skepticism in the online gaming community. As blockchain gaming continues to evolve, GameFi could usher in a new era of play-to-earn opportunities, shaping the future of both gaming and decentralized finance.

Greetings from Neo77

Bear, Bull, and Crypto winter?! Where do the terms come from???

Hello dear readers and my loyal followers!

Today I will write to you about a very interesting topic, as you can see from the title itself, which is the origin of the term Bear and Bull as well as the origin of the term Crypto Winter.

So let's start from the very beginning and clarify what the terms Bear and Bull actually mean in the crypto world and crypto terminology and what would be the meaning of Crypto Winter.

The simplest explanation of these terms would be that Bull is a sign of an uptrend in the market and a market recovery, and a Bear would mean the reverse or a downtrend in the market and a fall in the market in any sense, while Crypto winter would be a period in which the market has a strong downtrend, a trend that has been going on for a very long time. These terms are not only used in the crypto world as many might think but they are used in any market and for any goods, even if they are animal skins.

Where this terminology comes from and who invented it and first used it is very unclear and there are different stories about it, but the two most accepted views about it are the ones we will cover here.

Story number one

This point of view originates from the way bulls have horns and bears have claws. So, since bulls have pointed horns that stick up, it is thought that this may also resemble spiked patterns that are created when the market is in a positive, uptrend, while the bears have sharp, pointed claws that stick down, which could resemble spiked patterns which are created downwards when the market is down. In addition, when bulls attack, they stab upwards with their horns, while bears strike downwards with their claws.

Story number two

This point of view dates back to the days of trappers, leather hunters, and leather dealers. At that time, there were people called "Bearskin jobbers" who were engaged in the trade of bear skins, i.e. they were intermediaries in the sale and were engaged in predicting the purchase price of the skin before they received it for sale from hunters who caught, torn and tanned those skins. Of course, they always drove the price down, and the hunters profited from the difference between the cost price and the sale price. These brokers became known as "Bearskin jobbers" which later slowly changed to eventually retain only the form "Bears" which began slowly to mean a fall in market prices as well as a fall in the market itself. Since bulls were historically considered equal to bears by their strength, and there were also bull and bear fights, the term "Bull" was generally accepted as the opposite of the "Bear" designation in the market.

We can find support for this claim in the literature and journalism of the 18th century itself, where the famous publisher of the British literary and social magazine "The Tatler", Richard Steele, in one essay defines a "Bear" as an individual who attaches real value to an imaginary object and therefore it is said that "Bear sales".

Crypto winter

Crypto winter would be a period when the market sees a significant decline in value and signifies negative sentiment and lower average asset values among a large number of digital currencies. This expression has similar results to the Bear market but is not completely identical, and these two periods, sometimes overlap, which would mean that the market is in big trouble. Unlike the previous two terms (Bear and Bull), this term is used only and exclusively in the crypto market and its origin is well known, coined by Eugene Etsebeth, a venture capitalist after the 2018 cryptocurrency crash.

Here, concluding with this last one, we covered all three terms that were announced in the title and I hope you enjoyed my short explanations.

If you liked the text, please like it and follow me, because that way you will be able to read many, many more good and interesting texts.

If you think something needs to be added to my text or you just want to write something, feel free to say your opinion in the comments.

You can also write how you managed in the Bear market and how you were impressed with the last Bull run, and try to forecast the next Bull run if you dare!

You can also vote in the comments on which of the above two points of view is right for you, so when we tally up the votes we will see who won!!!

Now I greet you all and see you when I publish my new article!

Regards

Neo77

Devastating Earthquakes Rock The Crypto World?!

 

The source of all pictures is Google!

As you can see from the title itself, big things have been happening in the crypto world lately, my dear readers and loyal followers.

Some of the big exchanges like FTX or Coinbase have experienced major shocks and turbulences, some have not like Binance, some cryptocurrencies have collapsed, and some have experienced such large drops in value that they are now on the edge of the abyss and looking straight into the abyss, and even the crypto grandfather or father of all cryptocurrencies, the famous and one and only BITCOIN experienced such a big drop that many now begin to doubt its recovery.
All kinds of headlines come out of the media declaring Bitcoin dead and other cryptocurrencies worthless, and even Bloggers and YouTubers, and other so-called crypto influencers have turned against Bitcoin and other cryptocurrencies and are bombarding you, my ordinary reader, with bombastic headlines about the demise of the entire crypto world and the arrival of the crypto apocalypse.
Those who until yesterday wrote so beautifully about Bitcoin when it was at its peak or about Shiba Inu when it grew by some 1000%, or about Ethereum that had reached its beautiful ATH  today are almost crying in their sad and black prophetic texts and videos and lamenting about the huge losses they have suffered and cursing everything related to crypto.

They seem to have forgotten the basic rule in the Crypto world: "DO NOT INVEST MORE THAN YOU ARE READY TO LOSE" blinded by greed when the last BUll RUN lasted, they invested not only their own money and the money of their loved ones, but also wholeheartedly urged others to buy and praised every new SHIT coin that would come out for a nice percentage of the money they would get into their account.

And where has it brought them so far?

Well, right now they are here with us in the same place where we quietly do our work, invest, save, hodl, trade, and write texts that don't have quite as bombastic titles as theirs, but still find their way to a smart reader who doesn't believe the news about the collapse of crypto like nor about the literal riches that await him overnight if he only buys this and that new SHIT COIN.

Is the situation so bleak and is there really no way out for us and we are facing a Crypto Apocalypse???

Of course not! One only has to look at the path of Bitcoin a few years back and the smart reader will have enough.
So is this the first time that a crypto exchange has failed that a cryptocurrency has collapsed or that Bitcoin has fallen by 70%, 80%, or more??? Of course not, and it was not the first time that a stock on the stock exchange or a brokerage house failed. All this has happened before and it's all a natural course of things, but one thing is as certain as the day that will dawn tomorrow, and that is that the cryptocurrency market will DEFINITELY recover and that there will be a new BULL RUN and that we who still firmly believe in the power of cryptocurrencies will see the day when our patience and our investments will pay off many times over.

So let's not get carried away by any dubious headlines that announce one way or another the end of the crypto world. Let's not believe every new blogger, influencer, or marketer who claims to have reliable information about what tomorrow brings! Let's trust our common sense and trust in DYOR, because no one knows with 100% certainty what the future will bring, but still knowing the past well and based on well-conducted analysis and research, we can say without a doubt that something at least similar will happen in the future based on knowledge of the past.

If history has taught us anything, it is the lesson that history always repeats itself, if not exactly the same, then at least similar, so we can say for Bitcoin and the entire crypto world that it will DEFINITELY recover because things like this have already happened and Bitcoin has been declared dead at least 5 times.

Those would be my thoughts on this topic and I couldn't resist writing them, and you, my readers, if you have a different opinion or if you think I'm wrong, feel free to express your opinion in the comments and write your thoughts.

Now I greet you all and see you soon when I write my new article.

Neo77

Update for the article "Top 5 Biggest Scams In The Crypto World"

The arrest of Faruk Fatih Özer and fraud through the Thodex exchange

Hello, my dear readers and faithful followers. Today, as the very title of the article says, we will write a short update of the previous article that dealt with the topic of the five biggest frauds in the crypto world.

Let's briefly repeat what it was about.

This fraud was carried out by a Turkish citizen named Faruk Fatih Özer, who was the owner and founder of the Thodex exchange, and the fraud was carried out in Turkey. Approximately $2 billion was stolen from more than 400,000 investors. This all happened at the moment when Bitcoin reached its ATH of $62,000 in April 2021. Thodex shut down operations for 6 hours due to alleged maintenance. That period was extended to 5 days until eventually all operations were suspended, the exchange was closed, and Mr. Faruk disappeared in an unknown direction with $2 billion in loot. He transferred about $125 million in Bitcoin to the exchange Kraken, which was associated with alleged illegal activities. More than 60 people were arrested then, and Mr. Faruk was sentenced to 40,000 years in prison under Turkish law. After that, he pretended in public that he was sorry for his crimes and claimed that he had even attempted suicide.

Quote:

"So I decided to stay alive and fight, work, and repay my debts to you. The day I repay all my debt, I will return to my country and give myself to justice," he claimed at the time.

Until recently, all traces of him were lost, but since justice is slow but still attainable, Mr. Faruk Fatih Özer finally got it right. Namely, he was caught in Vlora, Albania by Interpol and the Albanian Law and Order Forces and held until extradition was initiated by the Turkish authorities.

During the arrest, Mr. Faruk gave false information, but that didn't help him either, because his fingerprints were taken and a search was conducted using a facial recognition program, and of course, the real identity of this cunning Turkish criminal was revealed.

Conclusion

What can we learn and conclude from this story?

Someone will say that this move was brilliant and that Mr. Faruk is a genius in crime and that he must have enjoyed the huge sums of money he stole from unfortunate investors, that he must have hidden at least part of the money and that he will have it forever, but is that all true?! 

Will he ever be able to get out of prison if he is sentenced to a dizzying 40,000 years in prison and did he really enjoy the money during his escape? 

I think his story is very far from enjoying the money and all the benefits it brings. This time that he spent on the run from the authorities could not be called a happy period, but in that period Mr. Faruk must have spent his time in constant fear of arrest and constant hiding from the law, not to mention the problem that such a large amount of money brought him. How to hide and launder so much money so that it is ready for consumption without anyone noticing??? 

You can read about this problem in my article about money laundering in the crypto world, so you will see that the real problem is not to steal money, but problems arise when that money needs to be washed and prepared for consumption. So, as you can see, that enormous amount of stolen money did not really bring happiness to Mr. For Faruk, on the contrary, a mountain of problems and fears and in the very end an arrest and a huge prison sentence.

If crime pays off and people who steal from others have a peaceful sleep and a happy life, you can conclude for yourself based on this article and countless other examples you can find everywhere in the world around you.

As for me, I believe that my peaceful sleep and carefree life are more important than all the billions of dollars in this world! It's far from the fact that I wouldn't want to have a lot of money and be rich, but it's still better to get that money by working and investing than by stealing and cheating, even if it lasts for many years.

And what do you think, dear readers? Does crime pay?

You can write your thoughts in the comments!

Greetings and until my next article!

Neo77