How To Buy Pro Coin
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With SHIB being a lot more accessible due to its Coinbase listing, more people may be interested in getting their hands on the token dubbed the \"Dogecoin killer.\" That being said, here's an easy, step-by-step tutorial on how to buy Shiba Inu on Coinbase so that you're prepared to buy it once trading goes live.
Propy (PRO) has been on a rollercoaster ride in the past few months with a recent high of $3.59 the coin has averaged around $1.5. While the future looks bright for the blockchain-based international real estate marketplace, the Russian invasion of Ukraine has dampened the crypto market.
Given the current trajectory of Propy coin at the time of writing on 28 April, forecasters such as Wallet Investor and Price Prediction were optimistic about its future trajectory. However, these forecasts are based on algorithms and tend to go wrong with changes in the market conditions, so you should always do your own research before investing.
The cryptocurrency Shiba Inu (ticker: SHIB) rose several hundred thousand percent since it got a foothold in late January to its peak this week. Some market speculators have made a fortune trading cryptocurrencies in recent years. Top-performing coins include cryptocurrency stalwarts Bitcoin (BTC) and Ethereum (ETH), as well as canine-inspired meme cryptos like Dogecoin (DOGE), Floki (FLOKI) and Shiba Inu. The mind-boggling gains in Shiba Inu are enough to give any investor a severe case of FOMO, or fear of missing out. But before buying into the hype, investors should understand the pros and cons of investing in Shiba Inu.
There are currently roughly 13,000 cryptocurrencies in the world, and new ones are popping up every week. Few of these cryptocurrencies offer meaningfully differentiated technology advantages over Bitcoin, Ethereum or other top cryptocurrencies. To stand out in the massive crowd of altcoins, effective branding is key. Shiba Inu has followed Dogecoin's winning meme-friendly branding recipe. Throughout its spectacular run, Shiba Inu has been trending on social media, and its brand has been spreading like wildfire. Without a significant technological advantage at this point, Shiba Inu may thrive or die in the long term largely on the strength of its brand.
This led two computer scientists, Jack Palmer and Billy Markus, to think of a way to satirize the market, and Dogecoin was their perfect way to do it. They created Dogecoin, a coin with no utility and limitless supply.
The two founders expected Dogecoin to be nothing but a joke coin, but it went on to build a community of its own. The community grew over the years, to the point that Elon Musk took an interest in Dogecoin in 2020.
Dogecoin happens to be one of the most decentralized cryptocurrencies in the market today. It runs on a Proof-of-Work algorithm, and anyone can mine DOGE without complex mining equipment. This means the number of people supporting the Dogecoin network is dispersed globally.
This high level of decentralization makes Dogecoin one of the safer cryptocurrencies to buy now and hold for the long haul. As more investors start appreciating decentralization, Dogecoin could benefit immensely.
This market positioning gives Dogecoin an edge over most of the top DOGE competitors in the market today. The result is that once the broader cryptocurrency market picks momentum again, Dogecoin could lead the way for the other meme coins to follow.
To understand how big of an influence the community is on Dogecoin, consider that since Elon Musk and other community members started hyping DOGE, the number of companies that accept Dogecoin has grown exponentially.
This is important because since the cryptocurrency market became a thing in 2009, many coins have come and gone. Interestingly, Dogecoin, a meme coin with little utility value, has survived it all. Today, it holds the title of oldest meme coin and doubles up as one of the most profitable meme coins ever made.
This is one of the biggest reasons why Dogecoin stands among the best cryptocurrencies to buy now for anyone who believes in cryptocurrencies as the future of finance. If its past is anything to go by, Dogecoin is a cryptocurrency that is likely to be around for decades, and possibly worth a lot more than it is worth today.
Dogecoin has never had this problem. It is widely used, and there are never issues of slow confirmation speeds or network breakdowns. Scaling puts DOGE at the forefront of cryptocurrencies that have the potential for widespread adoption.
One of the biggest drawbacks to Dogecoin is its unlimited supply. 5 billion DOGE enter circulation annually, and this will continue perpetually. Unless all of these cryptocurrencies are absorbed in a scenario of extremely high demand, they can weigh down on the price.
In essence, even as you invest in Dogecoin, it is best to have it as part of a diversified cryptocurrency portfolio. Going all-in on Dogecoin may not be the smartest investment move. Just consider that even deflationary cryptocurrencies carry risk, so DOGE is no exception.
This is a big risk as it means that developer interest may be premised on how interested celebrity investors like Elon Musk are in DOGE. If a person like Musk were to sell all his Dogecoin holdings publicly, there is a risk that the developer could abandon Dogecoin, just like they had done before 2020.
Because Dogecoin is largely considered a joke coin, it has often been subject to pump and dump schemes. This means there is always the risk of buying into a false Dogecoin rally and ending up with losses once the whales sell and exit their positions.
The crypto market is currently in a massive bear run. However, if past crypto cycles are anything to go by, the odds are that the market will make new highs by the next Bitcoin halving in 2024. In essence, now is a good time to buy high-potential cryptocurrencies that are likely to make a big jump in the next cryptocurrency bear run.
In essence, by 2024, Dogecoin will have more value than it does today. This coupled with the hype that comes with bear markets, could see it make new highs, possible at $1 or more. This makes Dogecoin a no-brainer cryptocurrency to buy now and hold for the long term.
The Dogecoin developer team, after abandoning the coin for years, returned in 2021. They have been working on improving Dogecoin, including handling all vulnerabilities in the network. This means confidence in the Dogecoin network is likely to grow better over time.
Shiba Inu has proven to be more responsive to broader cryptocurrency market action than Dogecoin. This was most evident in 2021. While Dogecoin stagnated after the highs of May 2021, Shiba Inu rallied again with the broader market and made new highs in November 2021.
\"But it's not just about the potential financial reward. It's the thrill of the hunt and the joy of discovery,\" Donn Pearlman, a long-time collector and spokesperson for the Professional Numismatists Guild, a non-profit organization for rare coins and paper money experts, told CNBC Make It.
If you're serious about getting into the hobby, have a magnifying glass ready and dedicate some time to learning about notable mint errors and rare varieties in coins, suggests John Sculley, a coin cataloger for Heritage.
\"A silver coin always has value in excess of its denomination, whereas with error finds or die variety discoveries, there is always the question of, 'Is it worth anything' Silver always brings a premium,\" said Sculley.
And unlike other coins, which require observation under a magnifying glass, it's easy to know if you've found a silver one. \"A quick glance at the date, or at the edge of the coin, will determine if it has a clad copper layer,\" he explained. \"If it does, the coin is not silver.\"
Pennies and nickels may be more fun to search through because \"you're likely to find something good in every box,\" Larry, a former coin roll hunter who requested not to share his last name, told CNBC Make It.
\"The rare example of this rather common piece of pocket change is one of about a dozen special issues struck in 90% silver and 10% copper for special coin sets issued by the U.S. Mint during the mid-1960s,\" according to Heritage. Previously, other 1964 Kennedy Half Dollars have been auctioned off at prices ranging between $17,000 and $45,000.
It's also the approach Weaver recommends. Pennies are often the best bet because they're printed in large quantities and are more prone to errors, he said. They're also the least expensive coin rolls to obtain: You can have 1,000 of them and only tie up $10.
\"The Wheat cent has a number of rare 'key' dates and varieties that can be worth anywhere from $50 to over $1,000. Almost everybody has had one in their change and thrown it to the side,\" one coin expert wrote in a Heritage blog post.
Unless you're seeking high-grade coins from the last year or two, the best place to start is with any old jar of change you may have sitting around or that you found while cleaning out your grandparents' home.
Then, look through the rolls and find the most perfect examples of the coin that you can. Back up your naked-eye observation by putting the coin under a five-power magnifying glass and see if you can spot any blemishes or scratches.
If you can't, consider having the coin professionally evaluated; it may be assigned a rating between one and 70 depending on its condition. \"Most brand-new coins are going to be 63, 64, 65, or occasionally 66,\" Travers told CNBC Make It. 59ce067264