From Doge to Shib, All the Dogecoins

The cryptocurrency is known for having wealthy coins such as Bitcoin and Ethereum, but there is more than just that. There are tons of other coins as well to consider, such as Dogecoin, Shiba Inu, Tiger King, Mona coin, and much more. Most of these coins are collectively known as meme coins because they are somehow associated with an internet joke or a comical theme.

Dogecoin or also known as Doge, was named after the coin Shina Inu which was a popular coin. It is also named after another Japanese dog breed. These two coins might seem not worthy and valuable because of their names and the reason behind their names, but it is a surprising finding that these two coins have increased in their trading volume.

The reasons for their uprising

In the cryptocurrency world, if a famous person tweets or deals with any coin, then it automatically has fluctuations in its volume, which is what happened with both of these coins. DOGE was refreshed by Elon Musk as well as Mark Cuban. They believe that these hold some of the other potential to act as a good payment method. Hence, now its value has increased to an extensive level.

Therefore, because both of these hold immense value, they have their own wallets as well. This is so that traders who are dealing with them can keep them safe. Hence, Doge has the doge wallet where you are allowed to deal with coins relating to doge and not more. Every coin has its own wallet and offers different tools. Therefore, the Shib wallet may offer different features than the rest as well.

Why do people rely on impractical coins?

It has now become a trend to rely on coins that have a funny name or are senseless. That is because most people care to think they will not have value and that they will not give them any profit. However, it has been the reverse. These coins hold more value than the coins that seem reliable, which is why now, traders are more focused on grabbing these rather than others.

Some people even call these coins “light-hearted crypto tokens” because they might have a better chance of gaining more profit. Therefore, just like that, these coins have now gotten popular, and traders have an eye on them. In fact, in 2021, the DOGE’s market cap reached over $35 billion. Hence, a ton of traders are looking forward to trading with this coin.

How to exchange Doge for Shib?

There are numerous ways how you can exchange coins. Some platforms offer easy ways to do so. You can easily convert Dogecoin to Shiba Inu by trading them on a cryptocurrency exchange. Hence, the best thing about Dogecoin is that you can currently change it in 106 exchanges. However, if you want to change it, then the best way to do it is on Kucoin. There are going to be different rates on different platforms, so you will have to choose the one which best suits you.