Shiba Inu: Which Is The Most SHIB Obsessed Nation? Watcher Guru
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The entire crypto industry has been experiencing a winter since the last quarter of 2021. Some cryptocurrency prices experienced a massive price slump, with many declining over 65%. However bad things may look, crypto may not go extinct as its popularity has not reduced.
A recent study by CryptoManiaks, a crypto education platform, shows that Turkey and the Netherlands ranked top in cryptocurrency awareness. As per the survey, 5.5% and 8.2% of the population in Turkey and the Netherlands searched for crypto-related terms. Turkey accounted for 4.7 million searches, topping the chart with large numbers.
Turkey has made tremendous improvements in crypto adoption since the beginning of 2022. A 2022 research by the Turkish crypto exchange Paribu estimated that at least 8 million people in Turkey engaged in crypto. Turkish President Recep Tayyip Erdogan spoke about the benefits of blockchain innovations. In his statement, Erdogan added that Turkey wants to be a producer of digital assets, not a consumer.
DOGE Outranks Ether In Terms Of User-Curiosity In Turkey
The latest CryptoManiaks study analyzed the number of searches for some selected cryptocurrencies. They represented the number of cryptocurrencies as a percentage of the population for each country to calculate the monthly local searches.
Turkey ranked second in the overall study and first with 812,000 monthly searches related to Dogecoin. According to the survey, the number of searches for Dogecoin doubled that of Ethereum, the third most searched crypto in the country.
CryptoManiaks’ spokesperson commented on the rising Dogecoin curiosity over the last 12 months. He said Dogecoin’s popularity has significantly exceeded Ethereum’s, with almost 2 million monthly searches worldwide.
DOGE became popular after Elon musk revealed plans to make it the official token for Twitter monetization. As a result, the memecoin’s price soared to an all-time high within the week of the complete official acquisition of the social media platform by Elon Musk.
The survey didn’t feature only DOGE and Ethereum. It also featured Solana, BNB, Bitcoin, and others. After Turkey and the Netherlands, Canada, Germany, and the Czech Republic followed in ranking.
Bear Market Didn’t Cripple People’s Interest In Crypto
Although the United Kingdom and the United States are top global players in the cryptocurrency industry, none ranked in the top. That is because the number of searches is insignificant compared to their population sizes. For example, the United States ranked 15th, with 1.9% of its population searching for crypto-related terms, whereas the United Kingdom took the 12th spot with 2.6%.
Recent research by Cointelegraph also showed that the bear market did not affect the interests of several institutions in the Crypto industry. According to the report, top institutions are still interested in the cryptocurrency industry and continue to invest millions in crypto-related projects.
Featured image from Pixabay, chart from TradingView.com
Today, certain cryptocurrencies can sell for thousands of dollars as opposed to some years back.
While the government controls the creation and distribution of currency in centralized economic and financial systems, virtual tokens used to purchase goods and services on cryptocurrency exchanges function similarly to fiat currency.
One of the best and most lucrative ways to generate bitcoin money is through crypto trading. There are currently numerous players in the cryptocurrency market, even though it has only been around for a few years.
To make some extra money on the side, trading bitcoins is only one option. Despite the uncertainty, there is still a lot of room for growth and profit in the bitcoin market.
Cryptocurrencies have been a boon to businesses around the world, helping them to grow and thrive. The meteoric rise in the popularity of cryptocurrencies has made it evident that the next two decades will be completely different for humanity, and investors are eager to get in on the action.
More and more cryptocurrencies are being developed for use in fields as diverse as healthcare, environmental improvement, and charitable giving, not just finance. These digital assets have also heralded a new era of science and technology, which has greatly simplified human life.
Some popular cryptocurrencies among traders are listed below.
Dogecoin The Snoop Doge Of The Crypto Space
To put it simply, Dogecoin (DOGE) is an open-source, peer-to-peer digital money. It was released in December 2013 as an alternative cryptocurrency and features a Shiba Inu dog as its logo. The blockchain of Dogecoin, which is based on Litecoin’s technology, offers some advantages. Dogecoin, which is based on the scrypt algorithm, is notable due to its low cost and endless supply.
With a Shibu Inu dog as its emblem, Dogecoin aimed to be a “fun” alternative to Bitcoin. The relaxed nature of Dogecoin’s introduction reflected the spirit of the developing cryptocurrency community. A speedier, more flexible, and user-friendly Bitcoin alternative, whose limitless supply and scrypt technology were touted as selling points.
Dogelien The Futuristic Cryptocurrency
Dogelien is a cryptocurrency that hopes to be accepted into the Dog Token ecosystem and serve as a Pup-Pet Master to the other tokens in the pack. The Dogelien ecosystem has created a universal community that principles in the preparation for their eventual takeover of the Metaverse; the PUP- invasion.
By developing a humorous cryptocurrency that builds upon the success of Dogecoin (DOGE) and Shiba Inu (SHIB), Dogelien hopes to provide users with a token they can rely on.
Dogelien is storming the Metaverse with new games, charity-sharing ideas, and educational content to assist people on Earth to learn more about the cryptocurrency industry.
Cardano Is The Most Advanced Cryptocurrency
Cardano is currently one of the cryptocurrencies that possesses one of the most advanced technical infrastructures. As a consequence of this, it stands out as a cryptocurrency that is currently a successful investment.
The fact that Cardano’s proof-of-stake algorithm is one of the most advanced currently available on the market is one of the primary reasons why it is a solid cryptocurrency to invest in. In terms of overall efficiency, not even Ethereum, which only very recently made the switch to proof-of-stake, can compete with Cardano.
Cardano’s proof-of-stake method is secure, scalable, and decentralized all at the same time. Even as network use increases, it can keep a healthy balance between these three essential components of blockchain technology.
In addition to its technical qualities, the growing use of Cardano indicates that it is a cryptocurrency that is on a path toward expansion. Even projects that deal with the metaverse are beginning to build on Cardano.
Dogeliens (DOGET)
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Website: https://dogeliens.io/
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“Squid Game” actress Jung Ho-yeon, who made her debut with the popular Netflix Inc (NASDAQ:NFLX) series, supposedly endorsed Dogecoin (CRYPTO: DOGE) in an interview with Vogue Korea, as per a tweet retweeted by YouTuber Matt Wallace.
What Happened: Digital marketing ninja “Topdoge” tweeted that the Squid Game star supposedly told Vogue that she was obsessed with Dogecoin.
See Also: How To Buy Dogecoin (DOGE)
Hoyeon Jung, Squid Game star, reveals in a recent interview to Vogue Korea that lately she’s been obsessed with Dogecoin.
“I just think it’s something the world needs right now. Whenever I look at the $DOGE memes it makes my heart full.” pic.twitter.com/4W01HBzhji
— 𝓣 𝓞 𝓟 𝓓 𝓞 𝓖 𝓔 (@TOPDOGE007) October 10, 2021
However, no link to the original Vogue article was posted in which Jung is supposed to have said, “I just think it’s something the world needs right now. Whenever I look at the $DOGE memes it makes my heart full.”
Why It Matters: Squid Game follows people who find themselves in debt competing to win millions of dollars in “Hunger Games” style competition. The show has become a hit on social media with Jung commanding a 15.6 million-strong following on Facebook Inc’s (NASDAQ:FB) Instagram platform.
See Also: Netflix’s ‘Squid Game’ Prompts Axie Infinity Meme Contest On Twitter
Last week, Vogue Korea had called her the number one Korean actress on social networking services and commented on her popularity in the East Asian country. This article also did not mention cryptocurrency or Dogecoin.
우리나라 여배우 중 SNS 1위 차지한 #정호연 #SquidGame #HoyeonJung just hit 13.5million followers on Instagram
For more imageshttps://t.co/1CcOZheM0X pic.twitter.com/gt4uLKL9lu— VOGUE KOREA (@VogueKorea) October 5, 2021
Vogue’s Korean edition also featured Jung’s sense of style last week. Dogecoin was not present in that piece either.
On Friday, Vogue UK published a piece charting Jung’s journey from being a Chanel model to a star of Netflix’s biggest hit but no mention was made of Dogecoin in the article.
Some on the Crypto Twitter were quick to notice that the Twitter post by Topdoge was inaccurate.
This is…sadly, inaccurate. I couldn’t find anything on Google about this.
— Madam Doge(@calic415) October 10, 2021
It’s a copy pasta meme.
— Mike Ramos (@ezind555) October 10, 2021
There has been a meme circulating with the same theme, wherein inaccurate quotes are attributed to Jung, Dexerto noted. In one such meme, Jung is attributed as saying in the interview with Vogue Korea that she has been “obsessed with the video game ‘Sonic Adventure 2′” and in another that she has been “obsessed with ‘VALORANT’ by Riot Games.”
The Netflix show’s director and screenwriter Hwang Dong-hyuk told Korean media last month that when he first wrote Squid Game in 2008 he was in debt and had a hard life and the world is now more suitable for the show because of the ridiculous situation with “coins” happening in real life.
Price Action: At press time, DOGE traded 4.51% lower at $0.23 over 24 hours. On Friday, Netflix shares closed 0.13% higher at $632.66 in the regular session and fell 0.15% in the after-hours trading.
It’s only logical that Jack Dorsey is a Twitter influencer. The mind behind Twitter used his platform to promote “Anatomy Of the State,” an essay by Murray N. Rothbard. The Austrian School of Economics is slowly permeating mainstream consciousness. Dorsey’s focus and dedication to Bitcoin’s ideals reached a whole new level. And crypto-Twitter reacted in different ways, with Rothbard’s name trending over the weekend.
Related Reading | Why Square Will Create New Bitcoin-Focused Company, According To CEO Jack Dorsey
The tweet that started it all offered no explanation:
— jack
(@jack) August 14, 2021
The .pdf file containing it is freely distributed by Mises.org, an institution dedicated “to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.” About the incident, the increased attention they received, and Dorsey’s choice, the institution said:
Dorsey linked not to some article on bitcoin or money, but to Murray N. Rothbard’s seminal 1974 essay “Anatomy of the State.” This short missive may well represent Rothbard’s most bracing and concise attack on government as an institution, and that’s saying something.
So, this is not just some essay. What does it say about the government exactly?
A Summary of “Anatomy Of the State”
This short book is deep and covers many concepts and hard truths. The monopoly on violence. The fallacy of the “social contract” concept. How governments use “vested economic interests” to keep us at bay. “The alliance between the State and the intellectuals.” War. Revolution. The alliances between different states. Social power. State power. A lot. However, we could summarize “Anatomy Of the State” with this example it provides:
“One method of the birth of a State may be illustrated as follows: in the hills of southern “Ruritania,” a bandit group manages to obtain physical control over the territory, and finally the bandit chieftain proclaims himself “King of the sovereign and independent government of South Ruritania”; and, if he and his men have the force to maintain this rule for a while, lo and behold! a new State has joined the “family of nations,” and the former bandit leaders have been transformed into the lawful nobility of the realm.”
And that explains the world we live in.
BTC price chart for 08/17/2021 on Bitstamp | Source: BTC/USD on TradingView.com
Ok, But, What Does Rothbard Have To Do With Bitcoin?
The Mises.org institute links Dorsey’s “Anatomy Of the State” tweet to this one:
— jack
That one refers to this phenomenal website that uses easy to understand charts to show how everything got exponentially worst when Nixon un-pegged the US Dollar from gold, giving rise to the Fiat currency era. The era we’re living in. Well, that directly relates to the Austrian School of Economics, as the institute explains:
Only Austrian economists present a coherent critique of pure fiat currency, which means only Austrians have anything compelling to say about Nixon’s final closure of gold redemption. The Mengerian and Misesian explanation of how money arises and obtains value as a highly saleable commodity requires no central fiscal or monetary authority. It requires no state.
And, do you know what else requires no state or central authority to function? Bitcoin, the greatest money ever created.
“The Mengerian and Misesian explanation of how money arises and obtains value as a highly saleable commodity requires no central fiscal or monetary authority. It requires no state.” @jeffdeist for @mises commenting on @jack‘s tweets
https://t.co/BvlKNM6cAZ— Stephan Livera (@stephanlivera) August 16, 2021
What Is Sound Money And How Do We Get It?
And that relates “Anatomy Of the State” to our sister website’s Book Club. They’re analyzing “The Bitcoin Standard,” and defined sound money as:
Austrian economists pose that, “the best money revolved around understanding salability and what the market would choose as money.” Saifedean Ammous adds one more thing.
“… the salability of money according to the will of its holder and not some other party. Combining these criteria together formulates a complete understanding of the term sound money as the money that is chosen by the market freely and the money completely under the control of the person who earned it legitimately on the free market and not any other third party.”
Related Reading | Why a Hedge Fund’s Attempt to Usurp Twitter CEO Jack Dorsey Could Hurt Crypto
So, to sum it all up, the human family doesn’t need the independent government of South Ruritania to dictate what we should use as money. We have Bitcoin. And that’s what Dorsey’s “Anatomy Of the State” tweet was all about.
Featured Image: extract from “Anatomy Of the State's” cover image | Charts by TradingView