Currently Meme Coins Are More Popular Than Ever

For most cryptos, including meme coins, the winter of 2022 proved to be a somewhat difficult year. Despite this, the popularity of some contenders in the meme coin sector remained unaffected. This was especially seen for both the top dog-themed coins- DOGE and SHIB. 

밈 코인을 포함한 대부분의 암호화폐에 있어 2022년 겨울은 다소 어려운 해였습니다. 그럼에도 불구하고 밈 코인 부문의 일부 경쟁자들의 인기는 영향을 받지 않았습니다. 이는 특히 개를 테마로 한 최고의 코인인 DOGE와 SHIB 모두에서 나타났습니다.

Both SHIB and DOGE share similar faces and have been inspired by one of the most famous Internet memes of the 2010s— the Japanese “doge” Shiba Inu dog. Interestingly, it seems the huge popularity of these two meme coins has somewhat resulted in an influx of new meme currencies that keep popping up in the meme coin world.

Today, Meme coins are more popular than ever and have led many people into a dilemma over which to choose amongst the two title holders in the meme coin sector. In this article, we will explore the significant distinctions between Shiba Inu and Dogecoin. 

오늘날 Meme 코인은 그 어느 때보다 인기가 높으며 많은 사람들을 Meme 코인 부문의 두 타이틀 보유자 중에서 선택할 딜레마에 빠뜨렸습니다. 이 기사에서는 Shiba Inu와 Dogecoin의 중요한 차이점을 살펴보겠습니다.

Dogecoin

도지코인

Considered the first and original memecoin, Doge was created as a joke in the crypto world. The story goes on that when its two creators- software engineers Billy Markus and Jackson Palmer felt Bitcoin to be too complicated for any average user they launched Doge as a response in 2013 to make fun of it. However, despite that, it seemed to have struck a chord with crypto users and much to the founders’ surprise, it took no time for the currency to attain viral status.

It is no secret that the CEO of Tesla Motors, Elon Musk has had a hand in it going viral with occasional tweets and endorsements. Much like Bitcoin, Dogecoin is based on a public, distributed ledger called the blockchain.

Tesla Motors의 CEO인 Elon Musk가 가끔 트윗과 지지를 보내 입소문을 타는 데 일조했다는 것은 비밀이 아닙니다. Bitcoin과 마찬가지로 Dogecoin은 블록체인이라는 공개 분산 원장을 기반으로 합니다.

What makes the memecoin unique is that it uses inflation and is community-based. Also, unlike Bitcoin, Doge is infinitely circulating.

Memecoin을 독특하게 만드는 것은 인플레이션을 사용하고 커뮤니티 기반이라는 것입니다. 또한 비트코인과 달리 Doge는 무한히 유통되고 있습니다.

Key Features of Dogecoin

도지코인의 주요 특징

• With a Japanese Shiba Inu dog as its logo, Dogecoin is known for its humour in the crypto world.

• Due to its one-minute transaction processing per block, it is suitable for daily use.

  블록당 1분의 트랜잭션 처리로 일상적인 사용에 적합합니다.

• It has low transaction fees and high supply, making it popular for micro transactions.

• Dogecoin is known to have a very supportive community that has helped the coin’s charitable side shine through despite its satirical origins. 

  Dogecoin은 풍자적인 기원에도 불구하고 코인의 자선 측면이 빛을 발하도록 돕는 매우 지원적인 커뮤니티를 보유하고 있는 것으로 알려져 있습니다.

Shiba Inu 

Introduced in 2020, Shiba Inu was created as a parody of Dogecoin, referring to itself as ‘the Dogecoin killer.’

2020년에 소개된 시바견은 도지코인을 패러디하여 만들어졌으며, 스스로를 '도지코인 킬러'라고 칭합니다.

However, despite its late debut, it took very little time for the coin to gain immediate popularity and become viral. In mid-2021, Shiba Inu had for a brief period even managed to overshadow Dogecoin.  Unlike Dogecoin, which employs blockchain technology, Shiba Inu’s anonymous creator or group ‘Ryoshi’, chose to use an Ethereum blockchain, as an Ethereum-based alternative to Dogecoin. 

Shiba Inu is one of the top ERC-20 tokens that runs on the Ethereum blockchain. The platform’s reduction design causes a portion of each transaction to be burned, resulting in a decrease of available supply. 

Shiba Inu는 Ethereum 블록체인에서 실행되는 최고의 ERC-20 토큰 중 하나입니다. 플랫폼의 감소 설계로 인해 각 거래의 일부가 소각되어 사용 가능한 공급이 감소합니다.

Key features of Shiba Inu 

• Shiba Inu is a community-based project that is decentralized and transparent.

  Shiba Inu는 분산되고 투명한 커뮤니티 기반 프로젝트입니다.

• Each transaction in the platform burns a portion of the token’s supply, deflating its supply.

• The meme currency uses Ethereum’s smart contracts to add new applications to its ecosystem.

  밈 통화는 Ethereum의 스마트 계약을 사용하여 생태계에 새로운 애플리케이션을 추가합니다.

• Shiba Inu just so happens to be one small component of a bigger ecosystem that also includes- Shibarium, ShibSwap, Shiboshis, and the Shib Metaverse. 

Key Differences between Dogecoin and Shiba Inu

Dogecoin과 Shiba Inu의 주요 차이점

Though Dogecoin inspired the development of Shiba Inu, and funnily enough both share the same dog breed face of a Shiba dog, there are however still certain aspects that differentiate both the memecoins from each other. 

1. Development

1. 개발

In 2013, Dogecoin was created using Bitcoin Technology and just like the latter currency deployed a ‘proof-of-work’ (PoW) mining method. Shiba Inu Coin on the other hand was created in 2020 using the Ethereum Network and deployed ‘proof-of-stake’ (PoS) technology. 

Unlike Dogecoin which has its blockchain, Shiba Inu employs the Ethereum blockchain network. 

2. Market capitalization

As of September 2023, Dogecoin’s market cap was USD 9,507,711,042, compared to USD 4,714,605,984 for Shiba Inu Coins. Also, Shiba Inu’s current worth was USD 0.000008, while, Dogecoin was at USD 0.68. 

2023년 9월 현재 Dogecoin의 시가총액은 USD 9,507,711,042이며 Shiba Inu Coins의 시가총액은 USD 4,714,605,984입니다. 또한 Shiba Inu의 현재 가치는 USD 0.000008인 반면 Dogecoin은 USD 0.68입니다.

3. Coin Supply

3. 코인 공급

Though Dogecoin has a limitless supply, it only allows its users to issue 5 billion coins annually.

On the contrary, Shiba Inu permits up to 1 quadrillion, which going by crypto standards is still a sizable amount. 

반대로 시바견은 최대 1000조까지 허용하는데, 암호화폐 기준으로는 여전히 상당한 금액입니다.

Risks & Concerns

• The risks and concerns involving both Dogecoin and Shiba Inu are very similar since they are both meme coins.

• The first thing to note is that unlike some other coins in the market that allow users to borrow, lend, or earn interest on their assets, these meme coins lack in that aspect. 

  가장 먼저 주목해야 할 점은 사용자가 자산을 빌리거나 빌려주거나 이자를 얻을 수 있는 시장의 다른 코인과 달리 이러한 밈 코인에는 그러한 측면이 부족하다는 것입니다.

• Secondly, for both currencies, top holders hold a significant amount of the supply.

  둘째, 두 통화 모두 최고 보유자가 상당한 양의 공급량을 보유하고 있습니다.

• In Doge, nearly 50% of all the tokens are held by the top 20 addresses, while for Shib the figure is closer to 75%.

Conclusion

결론

As both Dogecoin and Shiba Inu were built on hype, investing in them does carry some risks. Users should be aware before deciding to use any of them. Despite everything, there is no question that both coins hold important status in the crypto world.

Also Read: Pepecoin Investment Consideration: Predictions & Insights

또한 읽어 보세요: Pepecoin 투자 고려 사항: 예측 및 통찰