It’s quite a lot of significant events and history lanes in the cryptocurrency world over the past years. After the recent invasion by Russia into Ukraine, The whole crypto market dropped significantly. The top meme coins shiba Inu is down over 10% in past two weeks while Elon Musk’s favourite currency Dogecoin (DOGE) have plunged 20% just over this month.
In this bearish market, some sectors like metaverse still seems to remain unaffected and continue to provide investors with profitable investment opportunities. Metaverse based crypto like MetaworldworldPad, launched recently has increased by over 600% in the past two weeks even when Shiba Inu and Dogecoin price is plunging.
MetaworldPAD is based on Binance Chain BEP20 protocol which employes unique tokenomics that applies 12% and 18% tax on all buys and Sell transactions. 50% of the collected taxes is then distributed among holders as USDT while remaining is used for Buyback, Pancakeswap Liquidity and Development. Metaworlpad ecosystem includes multiple mainstream utilities that could shape the future of metaverse like Metaverse and GameFi exclusive Launchpad, API-based tokenisation and NFTs infrastructure, and Play-to-earn games.
The project which is still in its early stage, could easily surpass gains possible with Shiba Inu and Dogecoin whose current marketcap sits at $15B and $12B respectively which already huge considering Dogecoin and Shiba Inu are meme coins i.e: currency backed by hype rather than actual utility.
Apart from potential capital gains, Benefits for MWP token holders include rewards in USDT, Staking rewards and presale allocation on upcoming metaverse launchpad, and paly-to-earn games rewards. Compared to Dogecoin and Shiba Inu MetaworldPad has very small marketcap which open it to great upside potential and easily reach 10x-100X from the current price. According to website, MetaworldPad (MWP) is currently available to trade on Pancakeswap and Bogged.Finance.
Dogecoin
Dogecoin, the thirteenth most popular cryptocurrency was launched in 2013 by Billy Markus and Jackson Palmer as a “joke” to make fun of other cryptocurrencies. The Tesla founder, Elon Musk, proclaimed the “Dogefather.” is one of the most influential supporters of Dogecoin due to his cryptic tweets’.
Dogecoin (DOGE) only erupted into public and got massive adoption at the beginning of 2021 after continuous backing from Elon musk’s tweets. Dogecoin increased by more than 13000% from the beginning of 2021 to its current high in May of last year. Between March 1 to March 8, 2021, the price of Dogecoin was trading at $0.12. While the price is Dogecoin currently pluging, it is economical to wait patiently to see how it will behave once the market rebounds. Dogecoin prices try to maintain momentum after each comeback, implying a massive inflow of profit-taking.
Shiba Inu
Shiba Inu (SHIB) is an Ethereum-based cryptocurrency widely regarded as an alternative to Dogecoin; in fact, some regarded it to have overshadowed Dogecoin. Like DOGE, it was launched as a parody rather than as a digital product that has utilities by an anonymous individual or group called Ryoshi. Shiba Inu currently ranks at 15th biggest cryptocurrency by total market cap. From the beginning of 2021 to the end of October 2021, Shiba Inu (SHIB) shot up from $0.000000000119 to $0.00008845, an almost incredible rise of 74,327,600%.
Shiba Inu is forming a bearish triangle that kept Shiba Inu’s price action static for over ten days. If it successfully hits its bull run, we can expect a surprising ascend of SHIB price action and see its value rising to $$0.00004 from the current price of $0.000023.
