Bitcoin is the most popular cryptocurrency, boasting a market capitalization of $877 billion at last check. Bitcoin’s two chief use cases are as a store-of-value to hedge in times of inflation and as a medium of exchange to pay for stuff.
Dogecoin started the meme-coin trend in the cryptocurrency industry. Meme coins are the cryptocurrency version of meme stocks from the WallStreetBets movement, such as GameStop and AMC Entertainment, to name a couple.
Solana is one of those emerging blockchains that have capitalized on Ethereum’s issues. Known as the “Ethereum killer” by some observers, Solana calls itself the “fastest blockchain in the world,” boasting 1,547 transactions per second (TPS).
Shiba Inu, which was created in the wake of Dogecoin, is another play on the meme-coin market. While this cryptocurrency hasn’t been around as long as its larger peer, having been created in 2020, it is no slouch and has been jockeying for position with Dogecoin on the market cap leaderboard.