• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Friday, September 5, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Shiba Inu Token Burn Vs Dogecoin Adoption, Choose Your Dog

Will Izuchukwu by Will Izuchukwu
June 2, 2022
in News
Reading Time: 4 mins read
0
Portraiit of adorable and happy shiba inu dog standing in the forest at golden sunset. Cute Red shiba inu female puppy in autumn
Share on TwitterShare on Facebook

Dogecoin and Shiba Inu are undoubtedly the most popular meme cryptocurrency in the market, seeing tremendous growth both have experienced over the years.

Dogecoin, a meme-inspired cryptocurrency, reached a new high of approximately 73 cents.

Dogecoin has become one of the most talked-about cryptocurrencies, with its price up over 12,000 percent last year, attracting famous personalities like Elon Musk to talk and tweet about it. 

Google searches such as “Is dogecoin the new bitcoin?” were even trending.

Shiba Inu was first released in August of 2020. The meme coin (DOGE) is a parody of the dogecoin (DOGE) meme and was later termed “Dogecoin-Killer.”

When the Shiba token rose 2,405 percent in three days to $0.000039 on May 10, 2021, it drew the attention of investors. Over the summer, the token struggled to reclaim ground, but on October 28, it hit an all-time high of $0.00008845.

However, Dogecoin and Shiba Inu have been caught up with the bearish wind all around the entire Cryptocurrency as both assets plummeted to $0.08 and $0.00001, respectively. Since then, the teams have been launching multiple ways to bring back the glory days of these dog-themed Cryptocurrencies.

Shiba Inu Burn Rate

Aside from other things that the team behind Shiba Inu has done to add value to the meme coins, including rolling out a metaverse plan for Shiba Inu, code-named “shiberse.”

As promised, we are so excited to announce our first special surprise for the year #ShibArmy!

In 2022, we are reaching new heights and welcoming the #Shiberse 🌎. An immersive experience for our ecosystem and the Metaverse space!

We can't wait to show you more. Woof! 🐶 pic.twitter.com/tCRQ1m1RiT

— Shib (@Shibtoken) January 24, 2022

The team also has gone wild with massive token burns. In the last 24 hours, the burn rate of the second most popular meme cryptocurrency has climbed by 189.16 percent.

A total of 141,010,050 Shiba tokens have been destroyed, sent to dead-end wallets, and locked there forever during this time. Shiba Inu has also set a new high in terms of holder count, which has surpassed 1.2 million.

JUST IN: $SHIB Burn Rate: 189.16%▲
Last 24hrs (153,752,610 BURNED). pic.twitter.com/rE42PwhM6t

— SHIB HODLER (@ShibaInuHodler) June 2, 2022

Shiba Inu Team has destroyed over 410.3 trillion Shiba Inu tokens so far, substantially lowering the circulating supply of the meme coin, which in turn, targets to increase the price value of the meme cryptocurrency. 

However, the $SHIB Price still struggles to get passed the $0.00001 level.

Dogecoin Adoption 

Dogecoin has been involved with multiple adoptions from companies, Accepting the meme cryptocurrency as a form of payment.

The prominent one is Elon’s Tesla and SpaceX. Elon Musk had announced that his aerospace company, SpaceX, would soon accept Dogecoin as a payment, joining Tesla.

Musk is a longtime proponent of cryptocurrencies, particularly Dogecoin. He first clarified that Tesla merchandise could be purchased using the Cryptocurrency.

Tesla merch can be bought with Doge, soon SpaceX merch too

— Elon Musk (@elonmusk) May 27, 2022

However, there’s not yet an official launch date for this. So, everyone’s hand is still crossed.

Dogecoin has also gained the attention of some politicians like Timothy Ursich. He is a chiropractor and sports medicine specialist campaigning for the United States Senate in California.

In a recent tweet, he proposed making Dogecoin legal tender, and he requested assistance from Dogecoin co-founder Billy Markus and Tesla CEO Elon Musk ahead of the June 7 primary.

https://twitter.com/Ursich4SenateCA/status/1532261425040592896?t=3EKsF2FIkODIthf3mtbPsg&s=19

Just yesterday, The official Dogecoin blockchain explorer “Dogechain” went live available on Polygon Edge. Dogechain would now have the capacity to deploy dApps, generate NFTs, and even create blockchain games as a built-in feature.

https://twitter.com/0xPolygonEdge/status/1532029871610011651?t=19sFT6pInqBy73Q1pUhfMQ&s=19

Dogecoin, however, is still under the general cryptocurrency market dip, sitting at $0.082.

We leave you here to make your choice of investment, Shiba Inu or Dogecoin. Choose your Dog!

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.


Also Read:

Top 3 Metaverse Crypto Games Below $90 Million to Watch in June 2022

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse news!

Image Source: anaki2405/123RF

Tags: shiba inu coin
Previous Post

Top 3 Metaverse Crypto Games Below $90 Million to Watch in June 2022

Next Post

Terra 2.0 (LUNA) Price Trades Sideways, Terra Classic Continues to Lose Value

Related Posts

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?
News

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Ethereum whales dump $1.8B – but could retail flip the script?
News

Ethereum whales dump $1.8B – but could retail flip the script?

August 31, 2025
Bitcoin slips to $108K as Google searches explode – Smart money preparing an exit?
News

Bitcoin slips to $108K as Google searches explode – Smart money preparing an exit?

August 30, 2025
Ethereum $5K Squeeze? Whales and Traders Smell Opportunity
News

Ethereum $5K Squeeze? Whales and Traders Smell Opportunity

August 30, 2025
Bitcoin Price Prediction For The Holiday—Breakout or Breakdown Coming
Featured

Investors Drop Lawsuit Against Strategy Over Bitcoin Risks

August 29, 2025

Press Releases

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

by Jordan Avery
September 2, 2025

Bitcoin recently slid 12.8% from its all-time high, but before the bears start celebrating, context matters. Pullbacks in the range...

Read more
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier