There are plenty of reasons for Crypto investors to pick a coin. How does investing in a low market cap and real tech stack up against a massive community and questionable use-cases?
ANALYSIS
Shiba Inu (SHIB) ‘s story as the best crypto performer of the year, is still mind blowing — even after multiple retellings. Just 12 months ago, the price of one SHIB token had ten zeros in front of it: $0.000000000063 on volume of $682.58, according to CoinGecko.
By late October of this year, six of those zeros had gone and Shiba Inu had flippened Dogecoin to become the largest dog-themed token in the world, a top-ten cryptocurrency worth around $47 billion.
Despite dropping almost 40% from that all-time high, SHIB still sits at a market cap of almost $29 billion — making it almost 125 times more valuable than our competitor, RichQUACK.com (QUACK).
RichQUACK.com has been the best-performer of the month, where the proprietary Score served up a hugely bullish series of 90+ scores over the last two weeks, until it dropped this week after 12,000% Gains in 1 month. In this case, correction is very normal after a token went up 120x in a month.
Following those scores, Despite dropping almost 60% from that all-time high $QUACK still comfortably below a $250 million market cap after the correction.
What do these two projects have in common? Almost nothing… except their strong performances in the markets.
So for crypto investors who can’t decide between canine memecoins and the duck era. Here’s a tongue-in-cheek analysis of their comparative strengths.
Technology
RichQUACK is an Incubator, Launchpad and Raffle platform that aims to deliver a variety of technical innovations. Firstly, Launchpad is designed to be a safe investment for everyone, especially QUACK Holder. They have an incubator system that will strictly filter out Risky and Bad Investment — meaning that it is necessary to submit ID of the incubator applicants, so that Richquack team will have their data just in case, they will monitor development activities of the incubated projects before launching the token on the launchpad / QuackPAD, and this could potentially eliminate rug pulls.
It is also built to have a raffle platform, which the team claims will help QUACK Holders to get more benefits of holding QUACK. And it has a staking feature, a feature that may help holders get more options on what they can get out of their QUACK Token. It’s currently operating in the testnet phase.
Shiba Inu has virtually no technical features that distinguish it from other memecoins, and its use-cases are essentially restricted to trading.
Winner: RichQUACK
Community
Shiba Inu has over 1.9 million followers on Twitter; a Reddit page with 425,000 members; and almost a million active wallets. Its followers are among the busiest in crypto and. The community is engaged, active… in fact downright rabid in their enthusiasm for all things Shiba Inu.
RichQUACK has over 76,000 followers on Twitter at the time of writing, 65,000 strong community on telegram. Richquack has many events daily on every social media channel. Nominated on twitter as the most active telegram community. RichQuack is definitely a tough new competitor for everyone in crypto space.Winner: Shiba Inu
Team
RichQUACK is being developed by a pseudonymous team that previously worked together on Multiple Business Ventures and they worked with a blockchain development team that has more than 60 developers.
Shiba Inu’s creator, Ryoshi (which is Japanese for ‘fisherman’) is a pseudonymous developer who insists that he, she, or they are not in charge of anything. Marketing appears to be a strong suit, however.
Winner: RichQUACK
Market Cap / Upside Potential
Richquack has a market cap of just over $250 million at the time of writing. 53% of its entire supply of 100 Quadrillion tokens is already in blackhole. Only 47% of its total supply is currently circulating and supply is going down fast due to its hyper deflationary tokenomics.
Shiba Inu famously has a total supply of a quadrillion tokens, of which almost 550 tillion are in circulation. With a market cap of almost $29 billion, it is currently the world’s 11th-largest cryptocurrency.
With no natural peers besides Dogecoin (sitting one place ahead of it at $34 billion in market capitalization) Shiba Inu’s most aspirational rival might be Bitcoin, with a market cap of $1.226 trillion. SHIB is already at over 2.3% of Bitcoin’s value, which appears to limit its potential upside. Indeed it might be argued that SHIB is facing a tough competition on the top and it has already peaked, while RichQUACK is just getting started and still has plenty of room to grow.
Winner: RichQUACK
Liquidity
Unrealized gains are just that. With a trading volume in excess of $1.73 billion over the last 24 hours, SHIB token trades on the world’s top exchanges — including Binance, Coinbase, OKEx, Huobi, Bitfinex and KuCoin. It’s huge. It’s immense. It’s a monster.
RichQUACK, however, is only available via Pancakeswap, Gate.io, XT, ZT Global, Hotbit, Bitmart at the current time, where its volume over the last day is a paltry $78,283,000.
Winner: Shiba Inu
Final Score: Tie
Both of these tokens are finding audiences with whom their value proposition resonates. Both are amazing in their own way. Just that RichQUACK could be the next Shiba inu. It has much less market cap, but the community is growing significantly. In the end, you should still do your own research.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
