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Top 5 Trending meme coins to watchlist Toon Finance SHIB Dogecoin Cardano Stellar XLM

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Toon Finance is beginning to be a regular name around the defi space knocking their presale phase one out the park by raising close to 3 Million USD. That is great news for the token/NFT project that is set to moon this year along with the SHIB and DOGE bullrun. Toon Finance is the new DEX swap that will have a total of 1 Billion tokens with 50% being available during presale. 

DOGE coin has become a very popular meme coin and it is now considered one of the GOATS or greatest coins of all time. Dogecoin is backed by huge icons like Elon Musk. 

Elon Musk is the owner of multiple huge corporations all over the world and he is also the founder of the well known company Space-X. 

Elon Musk has even tweeted about Doge and other meme coins like it. Toon Finance is a new meme coin that hit the scene around 4 or 5 months ago. Reporters from all over the world have been keeping up with the coin project and experts have evaluated Toon Finance from front to back. 

One thing we know for sure is that Toon Finance has a great team. The team consists of multiple blockchain professionals and marketing experts. These people united from different backgrounds and brought together a masterpiece. 

Toon Finance is definitely a coin project to keep on your watchlist as they enter into the second phase of their presale. The community is excited. Check out their live chat where you can join the Toonie takeover as they call it and get your own toonie character, with over 100 to choose from. The project is not only cut out very well and done professionally, the community is super fun to be a part of. 

Stay tuned for the NFT airdrop giveaway where the Toon Finance team will be airdropping 1,000 of the NFTs from their collection. This is an opportunity that only early investors will have a chance to jump on and it will not last long. 

SHIB price Data and analysis from CoinMarketCap 

Shiba Inu is a cryptocurrency that was created in August 2020. It is listed on ShibaSwap, a DEX, and has been dubbed the “DOGECOIN KILLER.” The creator of this coin is anonymous and goes by the pseudonym “Ryoshi.” 

In this blog post, we’ll take a look at what SHIBA INU is, how it works, and what the future holds for this project.

What is SHIBA INU?

SHIBA INU is a meme token inspired by the Dogecoin and named after the Shiba Inu dog breed. The token was created on Ethereum’s network as an ERC-20 token. However, there are plans to migrate to Binance Smart Chain in the future. 

The total supply of SHIBA INU is 1 quadrillion (1,000,000,000,000,000) tokens. There was no pre-mine or initial coin offering (ICO). Instead, 10% of the total supply was allocated to the team members and 90% was distributed to holders of Ethereum addresses with balances of 0.01 ETH or more. This process is called an airdrop and it occurred on August 2nd, 2020. 

How Does SHIBA INU Work?

SHIBA INU has a few key features that make it unique: 

  • It uses a proof-of-work (PoW) consensus algorithm which makes it ASIC resistant. ASICs are specialized hardware used to mine cryptocurrencies and they have significant advantages over GPUs and CPUs. By being ASIC resistant, SHIBA INU levels the playing field so that anyone with a computer can mine the currency. 
  • It has low transaction fees. 
  • It is deflationary with a burning mechanism. This means that every time someone sends SHIBA INU tokens, 4% of the transaction is burned (destroyed) and not sent to the recipient. This reduces the circulating supply of SHIBA INU over time which could lead to an increase in price. 

What’s The Future Hold? 

The team behind SHIBA INU has some ambitious plans for the future. They want to build a decentralized exchange (DEX), launch their own mainnet, and create a cross-chain bridge so that users can move their tokens between different blockchains seamlessly. 

The roadmap also includes plans for privacy features such as stealth addresses and ring signatures as well as plans to integrate with popular decentralized applications (dApps) such as Uniswap, Aave, and MakerDAO. 

SHIBA INU is an ambitious project with some big plans for the future. Only time will tell if they are able to achieve their goals but they have made progress so far with their DEX listing and cross-chain bridge integration. If you’re interested in getting involved with this project, be sure to do your own research before investing any money into it.

Dogecoin (DOGE) is a digital currency that was created in December 2013. It is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience. Tesla CEO Elon Musk has tweeted several times that Dogecoin is his favourite coin.

What is Dogecoin?

Dogecoin (DOGE) is a digital currency that was created in December 2013. It is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience. Tesla CEO Elon Musk has tweeted several times that Dogecoin is his favourite coin.

Dogecoin has a supply of 100 billion coins and uses the Scrypt algorithm. It was originally intended as a joke but quickly grew in popularity. Dogecoin has been used to tip content creators on social media platforms such as Twitter and Reddit. It has also been used to sponsor sporting events and charity projects.

What is the price of Dogecoin?

Price Data and Analysis from CoinMarketCap 

At the time of writing (April 2021), 1 DOGE = $0.29 USD. 

Where can I buy Dogecoin? 

You can buy Dogecoin on cryptocurrency exchanges such as Binance, Kraken, and Gemini. You can also find many sellers offering DOGE for sale on platforms such as Paxful and LocalBitcoins. 

Dogecoin (DOGE) is a digital currency created in December 2013 that has gained popularity due to its association with the “doge” Internet meme and Tesla CEO Elon Musk’s endorsement of the coin. Although it was originally intended as a joke, Dogecoin has a supply of 100 billion coins and uses the Scrypt algorithm. 

It has been used to tip content creators on social media platforms and to sponsor sporting events and charity projects. At the time of writing, 1 DOGE = $0.29 USD. You can buy Dogecoin on major cryptocurrency exchanges or from individual sellers on peer-to-peer platforms.

ADA Price and Data from CoinMarketCap

When it comes to cryptocurrencies, there are a lot of different options out there. So, what sets Cardano (ADA) apart from the rest? In this blog post, we’ll take a brief look at Cardano and some of its key features. 

What is Cardano? 

Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change. The platform was founded in 2015 by Ethereum co-founder Charles Hoskinson. 

Cardano’s native cryptocurrency is called ADA. ADA can be used to send and receive digital funds and to purchase goods and services. ADA can also be staked, which means that holders can earn rewards for participating in the network’s consensus process. 

What Makes Cardano Unique? 

One of the things that makes Cardano unique is its use of a layered approach. This approach allows the network to be more scalable and flexible than other blockchain platforms. The two layers that make up the Cardano platform are the settlement layer and the control layer. 

The settlement layer is responsible for handling ADA transactions. The control layer, on the other hand, is responsible for managing smart contracts and applications built on top of the platform. This separation of concerns helps to make Cardano more scalable and efficient than other blockchain platforms. 

Another thing that makes Cardano unique is its use of a Proof-of-Stake consensus algorithm called Ouroboros. With Ouroboros, stakeholders can earn rewards for participating in the network’s consensus process. This not only makes Cardano more energy-efficient than other Proof-of-Work (PoW) cryptocurrencies like Bitcoin (BTC), but it also makes it more decentralized since anyone with a stake in the network can participate in consensus. 

Lastly, Cardano has a strong focus on security and compliance. The team behind Cardano has worked with academics and experts in both fields to ensure that the platform meets all relevant regulations. This focus on compliance could make Cardano an attractive option for businesses and institutions looking to use blockchain technology. 

Cardano is a proof-of-stake blockchain platform with a focus on security and compliance. The platform uses a layered approach which makes it more scalable and efficient than other blockchain platforms. Additionally, Cardano uses the Proof-of-Stake consensus algorithm called Ouroboros which makes it more energy efficient than other Proof-of-Work cryptocurrencies. These features make Cardano an attractive option for businesses and institutions looking to use blockchain technology.

XLM Price Data and analysis from CoinMarketCap

Stellar (XLM) is a P2P decentralized network created in 2014 by The Stellar Development Foundation. The network officially launched in 2015 with the purpose of connecting the world’s financial systems and ensuring a protocol for payment providers and financial institutions. 

The platform is designed to move financial resources swiftly and reliably at minimal cost. Stellar links people, banks, payment processors and allows users to create, send and trade multiple types of crypto. In this blog post, we will take a closer look at what Stellar is, how it works, and its potential implications for the future of crypto and finance.

What is Stellar? 

Stellar is a P2P decentralized network created in 2014 by The Stellar Development Foundation with the purpose of connecting the world’s financial systems and ensuring a protocol for payment providers and financial institutions. 

The platform is designed to move financial resources swiftly and reliably at minimal cost. Stellar links people, banks, payment processors and allows users to create, send and trade multiple types of crypto. The native currency on the Stellar network is called Lumens (XLM).

How Does It Work? 

The Stellar network uses what are called “anchors” to issue credits. Anchors are essentially entities that hold deposits and extend credit on the network. When someone wants to make a payment on the network, they specify which asset they would like to use (e.g., USD, EUR, BTC, etc.) and an anchor that supports that asset. 

The network then finds a path from the issuer to the recipient using federated Byzantine agreement (FBA). FBA is a consensus mechanism that allows distributed systems to come to agreement about the state of the network even in the presence of malicious actors. This means that payments on the Stellar network can be made even if some nodes are not functioning properly. 

Implications for Crypto and Finance 

The potential implications of a P2P decentralized network that can move financial resources quickly, reliably, and at minimal cost are huge. For one thing, this could potentially reduce or even eliminate fees associated with traditional banking transactions. This could also lead to more widespread adoption of crypto as a form of payment as it would become easier for people to use crypto for everyday transactions. Moreover, this could provide unbanked individuals around the world with access to financial services that they otherwise would not have had access to. 

In conclusion, Stellar (XML) is a P2P decentralized network created in 2014 by The Stellar Development Foundation with the purpose of connecting the world’s financial systems and ensuring a protocol for payment providers and financial institutions.

The platform is designed to move financial resources swiftly and reliably at minimal cost. The potential implications of such a system are huge; if successfully implemented, it could lead to reduced or eliminated fees associated with traditional banking transactions as well as increased adoption of crypto as a form of payment.

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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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