Latest news with #ShibaInu-themed
Business Upturn
21-04-2025
- Business
- Business Upturn
PaladinMining announced that it will allow users to use Dogecoin (DOGE) to start Bitcoin mining machines to collect higher profits during Easter
Dallas, Texas, April 21, 2025 (GLOBE NEWSWIRE) — Dogecoin is a cryptocurrency that has emerged in recent years. It was created in 2013 in response to the popular Shiba Inu-themed meme 'Doge'. Dogecoin mining requires using computer computing power to solve challenging puzzles, verify transactions, and get Dogecoin rewards. It is known for having a strong and inspiring community and low transaction fees. This article will explore how to use Dogecoin (DOGE) to start a Bitcoin mining machine and get a fixed income every day. Advertisement What is Dogecoin cloud mining? Dogecoin cloud mining refers to the process by which cloud mining service providers obtain new Dogecoin rewards by auditing transactions on the Dogecoin blockchain. This seems simple, but it is not easy! Cloud mining service providers process the same batch of transactions through multiple computers at the same time, but only one computer can get new Dogecoin rewards. The way to get new Dogecoin is that the node adds a new transaction block to the old block. This requires a complex mathematical equation to achieve this. The node that solves the math problem first wins! It can then append the newly confirmed transaction block to the rest of the blockchain. Most cryptocurrency mining is done this way. However, Dogecoin mining differs from other currencies in some important ways. These aspects include: Algorithms: Each cryptocurrency has a set of mining rules. These rules are called mining algorithms or hashing algorithms. Block time: This is the average time it takes to check a new block of transactions and add it to the blockchain. Difficulty: This number represents how difficult it is to mine each new block of the currency. Mining difficulty fluctuates depending on the number of miners. The currency protocol also adjusts the difficulty to ensure that the block time remains constant. Reward: This is the reward a miner receives for each new block they mine. Benefits of PaladinMining: · Get $15 instantly when you sign up. · Users do not need to buy expensive cryptocurrency mining equipment or sign contracts, and can earn income every 24 hours. · Provide multiple cryptocurrency deposit and withdrawal methods: DOGE, BTC, ETH, SOL, XRP, USDC, LTC, USDT-TRC20, USDT-ERC20 and many other cryptocurrencies. · Intuitive interface designed for beginners and experienced miners. · The affiliate program allows users to earn up to 3% + 2% referral rewards and up to $100,000 in bonuses. · No additional fees: pricing is transparent, with no hidden service fees or management fees. · Fund security: At PaladinMining, users' funds are securely stored in a first-tier bank, and all users' personal information is protected by SSL encryption. The platform provides an insurance policy underwritten by AIG Insurance Company for each investment. How to do Dogecoin cloud mining Step 1: Choose PaladinMining cloud mining service provider. In rare cases, the platform has a professional analyst and IT team who will analyze the hash rate generated by the operation of the miner and replace the latest miner. Ensure that users get higher returns in cloud mining. If you are worried about missing investment opportunities, now is the best time to join cloud mining. Step 2: Choose a contract purchased with Dogecoin or other cryptocurrencies. The new contract is as follows: ⦁ [New User Experience Contract]: Investment amount: $100, potential total net profit: $100 + $7. ⦁ [ETC Miner E9 Pro]: Investment amount: $1,500, potential total net profit: $1,500 + $180. ⦁ [Bitcoin Miner S21 Pro]: Investment amount: $4,300, potential total net profit: $4,300 + $1,100. 8. ⦁ [Bitcoin Miner S21 XP]: Investment amount: $7,900, potential total net profit: $7,900 + $3,128.4. ⦁ [Bitcoin Miner S21 XP]: Investment amount: $12,000, potential total net profit: $12,000 + $7,560. ⦁ [Avalon Air Box-40ft]: Investment amount: $28,000, potential total net profit: $28,000 + $22,400. (For more new contracts, please visit paladinmining platform official website: ) You can get the profit the next day after purchasing the contract. When the account funds reach $100, you can choose to withdraw to your crypto wallet or continue to purchase other contracts. Security and Sustainability In the field of mining, trust and security are crucial. PaladinMining knows this well and puts user safety first. PaladinMining is committed to transparency and legality, ensuring that your investment is protected and allowing you to focus on profitability. All mine energy consumption is provided by new energy, making cloud mining join the ranks of carbon neutrality. Renewable energy protects the environment from pollution, brings super value returns, and allows every investor to enjoy opportunities and benefits. About paladinmining PaladinMining, a cloud mining service provider, was legally established in the UK in 2016 and is a leader in clean energy sustainable cloud mining. The platform is committed to building a safe, legal, compliant and transparent blockchain infrastructure to provide stable and intelligent cloud computing and one-click cloud mining services to users around the world. Whether you are a novice or an experienced user, PaladinMining welcomes people from all over the world to participate. Simply click the corresponding system APP button on PaladinMining to download the PaladinMining application. For more information, please visit the official website: Or contact the official email of the platform: [email protected] Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
19-04-2025
- Business
- Yahoo
Shiba Inu Is Plunging in 2025. Buy the Dip or Run for the Hills?
Cryptocurrencies are off to a rough start in 2025. The total value of all coins and tokens in circulation currently stands at $2.7 trillion, which is down about 20% for the year. Even the undisputed industry leader, Bitcoin, is down 11% year to date. But the cryptocurrencies at the smaller end of the market are faring the worst right now, as risk-off sentiment grips investors on the back of simmering global trade tensions, pushing them into safe assets like cash. Meme token Shiba Inu (CRYPTO: SHIB), for instance, is down by a whopping 46% in 2025 already. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Shiba Inu is famous for delivering a staggering 45,278,000% gain in 2021, which could have turned a perfectly timed investment of just $3 into more than $1 million. It remains one of the best annual returns in the history of financial markets, but the meme token failed to build on that early success. Could this year's dip be the ultimate buying opportunity ahead of another historic run, or should investors steer clear? Unfortunately, Shiba Inu's incredible 2021 gain was driven entirely by speculation. The token has no legitimate use case out in the real world, so consumers and businesses have little reason to own it. In fact, according to cryptocurrency directory Cryptwerk, just 1,036 merchants worldwide accept it as payment for goods and services. As a result, by mid-2022, demand from speculators evaporated and Shiba Inu had plunged by more than 90% from its peak. Developers tried to create new use cases to support its value, but to no avail. They started building a Shiba Inu-themed metaverse where users could spend their tokens to customize virtual plots of land, but it still hasn't launched. They also created a Shiba Inu-themed digital card game to draw attention to the ecosystem, but the effect was minimal. Developers even released a Layer-2 blockchain solution called Shibarium in 2022 to rectify some of the clunkiness and high costs associated with the legacy Ethereum network, upon which Shiba Inu was originally built. The goal was to make Shiba Inu more attractive as a payment mechanism to drive more adoption among consumers and businesses, but it doesn't appear to have supported the token's value at all. Shiba Inu remained mostly dormant after its epic collapse in 2022, until Donald Trump's victory in the U.S. presidential election last November lifted the entire crypto sector. As a result, Shiba Inu managed to end 2024 with a gain of 97%, although its year-end closing price of $0.000021 was still way below its record high of $0.000086 from 2021. Trump vowed to make America "the crypto capital of the planet" and treat the industry with a lighter regulatory touch to pave the way for new use cases. Under his watch, the Securities and Exchange Commission (SEC) has already paused or withdrawn its active lawsuits against crypto exchanges like Binance and Coinbase. With the industry facing less red tape, it's possible that developers might come up with a new use case for Shiba Inu -- perhaps one that hasn't previously been considered -- to drive demand for the token. That isn't necessarily a reason to buy Shiba Inu now, but it's something for investors to look out for over the next year or so. Plus, the SEC is likely to approve exchange-traded funds (ETFs) for other cryptocurrencies besides the majors like Bitcoin and Ethereum. XRP (Ripple) is one candidate, but applications have also been submitted for Dogecoin ETFs. Dogecoin is another meme token, so if it receives approval, it could pave the way for a Shiba Inu application in the future. ETFs let financial advisors and institutional investors buy cryptocurrencies in a safe, regulated manner, so they can increase the pool of potential buyers, thus leading to higher prices. An ETF is only helpful if investors actually want to own the underlying asset. The steep downside in Shiba Inu this year, and since 2021 more broadly, suggests that investors tend to sell at every opportunity instead. That isn't surprising given the sheer lack of a true use case, meaning there is nothing but demand from speculators supporting the meme token's value. One of the biggest barriers to another historic rally is Shiba Inu's enormous supply. There are 589.5 trillion tokens in circulation, which is why it trades at such a small price of $0.0000118 per token right now. Simple math suggests that if it reached a more conventional price of $1 per token, Shiba Inu's market capitalization would top $589 trillion. That would make it 196 times more valuable than Apple, which has the highest cap in the world. In other words, reaching $1 is practically impossible in Shiba Inu's current state. The community is banding together to burn tokens, which means to remove them from circulation forever, but eliminating enough to justify a price of $1 could take thousands of years. Therefore, given all of Shiba Inu's headwinds and the lack of potential upside in the future, I don't think investors should use the year-to-date dip as a buying opportunity. They will probably be better off avoiding the meme token entirely. Before you buy stock in Shiba Inu, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Shiba Inu wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $518,599!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $640,429!* Now, it's worth noting Stock Advisor's total average return is 791% — a market-crushing outperformance compared to 152% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 14, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Bitcoin, Coinbase Global, Ethereum, and XRP. The Motley Fool has a disclosure policy. Shiba Inu Is Plunging in 2025. Buy the Dip or Run for the Hills? was originally published by The Motley Fool Sign in to access your portfolio
