As the cryptocurrency market continues to grow, new coins and tokens are being introduced every day. Two of the most popular tokens that have gained a lot of attention recently are Alex The Doge (ALEX) and Shiba Inu (SHIB). Both tokens have been making headlines in the crypto world, and investors are curious about their potential performance in the upcoming bull run.
Alex The Doge (ALEX) is a relatively new token that was launched in May 2021. It is a meme-based token that is inspired by the popular internet meme, Doge. The token has gained a lot of popularity due to its unique branding and marketing strategy. The team behind ALEX has been actively promoting the token on social media platforms, which has helped it gain a lot of attention from investors.
On the other hand, Shiba Inu (SHIB) is another meme-based token that was launched in August 2020. It is inspired by the Japanese dog breed, Shiba Inu, and has gained a lot of popularity due to its association with Dogecoin. SHIB has been making headlines recently due to its listing on major cryptocurrency exchanges such as Binance and Coinbase.
When it comes to comparing the potential performance of ALEX and SHIB in the upcoming bull run, there are several factors that need to be considered. One of the most important factors is market capitalization. As of August 2021, SHIB has a market capitalization of over $3 billion, while ALEX has a market capitalization of around $50 million. This means that SHIB has a much larger market share and is more established in the market compared to ALEX.
Another factor to consider is the tokenomics of both tokens. ALEX has a total supply of 100 billion tokens, while SHIB has a total supply of 1 quadrillion tokens. This means that ALEX has a lower supply, which could potentially lead to a higher price per token in the future. However, SHIB’s higher supply could also work in its favor as it allows for wider distribution and adoption.
The team behind both tokens is also an important factor to consider. ALEX has a small team of developers and marketers who are actively promoting the token on social media platforms. On the other hand, SHIB has a larger team of developers and community members who are working on various projects to promote the token.
In conclusion, both ALEX and SHIB have the potential to perform well in the upcoming bull run. However, SHIB has a larger market share and is more established in the market compared to ALEX. Additionally, SHIB’s higher supply could work in its favor as it allows for wider distribution and adoption. Ultimately, investors should do their own research and consider all factors before making any investment decisions.
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- Source: Plato Data Intelligence.