Skip to main content

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment

DOGE and SHIB Led the Pack of Meme-Based Assets in 2021, Both Tokens Dominate 85% of the Meme-Coin Economy

DOGE and SHIB Led the Pack of Meme-Based Assets in 2021, Both Tokens Dominate 85% of the Meme-Coin Economy

The end of 2021 is approaching and the market capitalization of meme-based digital currencies like dogecoin and shiba inu has been extremely prominent this year. In fact, the $46.9 billion worth of meme crypto-assets represents 2% of the $2.32 trillion crypto economy. Dogecoin and shiba inu alone capture roughly 85.28% of the meme crypto market valuation today.

Meme-Based Crypto Economy Taps $46 Billion in 2021

It’s been a good year for meme-based crypto assets like dogecoin (DOGE), the OG of meme-based assets, which has seen its market valuation swell by 4,375.9% year-to-date (YTD). Dogecoin is the largest meme-based crypto asset in terms of market capitalization as it commands a valuation of around $22.8 billion on Sunday, December 19. The second-largest meme coin, in terms of market capitalization, is shiba inu (SHIB). The crypto asset SHIB has gained a whopping 46,960,505.7% against the U.S. dollar YTD.

Both of these coins have inspired other meme-based crypto assets to thrive. Dogelon mars (ELON) has become the fifth-largest meme crypto market valuation with $591 million, and baby doge coin (BABYDOGE) has a $258 million market cap and holds the sixth-largest position today.

Dogecoin and shiba inu inspired a great number of “dog” or “shiba inu-breed” coins in 2021 as well, as there are dozens of tokens with these names. Despite the massive amount of meme-based assets in 2021, DOGE and SHIB are the most dominant by capturing 85.28% of the meme crypto economy.

A Dozen Meme Coins Saw Double and Triple-Digit Gains This Past Week, Meme Tokens Below DOGE and SHIB Represent 0.296% of the Entire Crypto Economy

While dogecoin and shiba inu has slipped in value in recent weeks, during the last seven days, a great swathe of meme coins saw double and even triple-digit gains. The wallstreetbets dapp (WSB) token jumped 177.5% this past week and Solana’s kitty coin (KITTY) increased by 117.9% this week. Jejudoge (JEJUDOGE) spiked 112% during the last seven days and woofy (WOOFY) climbed 47%. Other notable meme-coin risers this week include shibavax (SHIBX) up 37.2%, smugdoge (SMUG) up 24%, and spell token (SPELL) jumped 23% this past week.

Despite the myriad of meme-coins in existence today, DOGE and SHIB are still leaders of the pack by a long shot. The two have much larger market capitalizations, a lot more trade volume, and a level of acceptance beyond the meme asset below them. For instance, DOGE and SHIB are leveraged on a large swathe of exchanges, and merchant processors like Bitpay support both coins. Besides dogecoin and shiba inu, the six billion nine hundred million dollar meme coin economy below them only represents 0.296% of the entire $2.32 trillion crypto economy.

What do you think about the fact that dogecoin and shiba inu command more than 85% of the meme-based crypto-asset economy worth $46.9 billion today? Let us know what you think about this subject in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...
Post a Comment
Read more

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove

A myriad of gold bugs like to compliment the yellow precious metal for its ostensible scarcity, as estimates say only 2,500 to 3,000 tons of new gold is produced annually. While new gold discoveries have seemingly slowed, investigative studies also show that in some areas, gold is being smuggled into the economy by the ton, and often never accounted for as far as per annum issuance estimates. Recently, reports show a whole mountain of gold was discovered in the Congo, as the Democratic Republic of the Congo is well known for being a region that sees tons of smuggled gold filtered into the global financial system unreported. Surprise Gold Deposits Continue to Crack the Precious Metal’s Scarcity Proposition It has always been said that the precious metal gold (Au) is scarce, and some reports even say that gold mining on earth will end by the year 2050 . Additionally, estimates also show that there’s roughly 2,500 to 3,000 tons of new gold that is accounted for and enters into the fin...
Post a Comment
Read more

Bitcoin Legal Tender in 3 Days but Survey Shows 7 Out of 10 Salvadorans Want Bitcoin Law Repealed

Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law. El Salvador’s Bitcoin Law Goes Into Effect in 3 Days The University Institute of Public Opinion (Iudop) in El Salvador conducted a study between Aug. 13 and Aug. 20 of how the public views the country’s upcoming Bitcoin Law. The institute is a research center of the José Simeón Cañas Central American University (UCA). El Salvador’s Bitcoin Law is set to go into effect on Sept. 7 , when BTC will be legal tender in the country alongside the U.S. dollar. A total of 1,281 respondents ages 18 and over participated in this national survey that “represents the entire adult population residing in the country,” according to the institute. Out of all the respondents, 62.4% said they were aware of the approval of the Bitcoin Law by the deputies of the ...
Post a Comment
Read more