InvestorPlace’s Josh Enomoto recently discussed the fundamentals of Shiba Inu (CCC:SHIB-USD). I nearly fell off my chair, reading my esteemed colleague’s words about the pup token.

“But getting back to the fundamentals, yes, Shiba Inu does have them. For example, in December of last year, the Flexa payment network added SHIB-USD ‘as a payment option at more than 40,000 merchants, according to a Be In Crypto report,’” Enomoto wrote.

On the one hand, Josh’s comments suggest SHIB-USD does have some utility. But, on the other hand, its only real utility is as an alternative form of payment. It’s no different than choosing between cash and credit to buy my movie tickets.

Further, if Shiba Inu is all that and a bag of chips, why in God’s name would I use an appreciating asset for movie tickets? I’ll argue this point until I’m dead and buried. Now, the real star of my colleague’s article is the Flexa network.

If I could get my hands on some company shares, that would be a coup. Here’s why.

Shiba Inu Is Useless Without Flexa

Like AMC Entertainment (NYSE:AMC), Regal Cinemas — owned by Cineworld Group (OTCMKTS:CNWGY) — knows an intelligent business move when it sees one.

In late November, Regal announced that it had struck a partnership with Flexa that allows moviegoers to pay for stuff with digital currencies. Although Shiba Inu didn’t make the original cut, the company did say that it and Dogecoin (CCC:DOGE-USD) were next in line.

Ken Thewes, Regal’s chief marketing officer had this to say in a statement:

As more of our customers demand digital asset solutions and safer payment methods, we are grateful to have found a partner in Flexa, a company that is revolutionizing digital payments with cutting-edge software and an innovative business platform.

Regal’s announcement followed AMC’s similar decision to accept digital currencies at its theaters. I discussed the subject in November, stating:

If you own SHIB-USD, I can’t think of a single reason why you would use its coins to pay for your trip to the movies. The advantages of this business-to-customer relationship flow totally to AMC. If you want to go to the movies, pay with your greenbacks.

Ditto for Regal.

In this situation, Regal and Flexa get all the benefits. Shiba Inu holders get none.

Sure, if you’re disciplined enough, you might set aside a few million tokens ($200) that are only to be used for trips to the cinema. If you had done this when Regal announced on Nov. 23, as I write this, your tokens would be worth $50 less. That’s at least two trips to the movies that have vanished into thin air.

If cryptocurrencies only went in one direction: higher, I could see sense in setting them aside. But, sadly, that’s not the case.

Why Invest in Flexa Network?

In September, Flexa announced the hiring of Michelle Ann Gitlitz as its General Counsel. The lawyer previously ran Washington D.C.-based international law firm Crowell & Moring’s Blockchain and Digital Assets practice. She also co-led their Financial Services practice. She brings more than 20 years of experience to the table.

Gitlitz stated in the company’s press release:

Flexa’s superior technology and zero-fraud guarantee should alleviate concerns that impede the broader institutionalization of digital currency as a medium of exchange. I welcome the opportunity to bring my experience in payments, virtual currency money transmission and blockchain technology to bear as we bring digital asset acceptance to merchants and consumers across the globe.

Companies hire people all the time. So you’re probably thinking: what’s the big deal?

The big deal is that a partner in a law firm decided to jump ship and leave the cozy confines of the legal world to help grow Flexa. The lawyer was once an analyst at UBS Warburg. She clearly understands the potential of Flexa’s business.

For me, businesses such as Flexa that provide the infrastructure to drive the digital asset and blockchain economies will do very well over the next decade. In many ways, we are at the beginning of Financial Services 2.0 or 3.0.

While it’s hard to tell who’ll ultimately be victorious, investors ought to be a lot more interested in Flexa than Shiba Inu, primarily because the former provides considerably more utility.

The Bottom Line

How do you invest in Flexa?

In late 2021, it sold $6 million of Amp (CCC:AMP-USD), the collateral token of the Flexa network. In total, Flexa’s sold $20 million in AMP-USD to finance its growth strategies.

So, if you think Flexa is the bee’s knees, you could always buy some tokens.

As for investing in the company itself, you’ll have to wait until it goes public. When it does, I’ll be very interested in reading its prospectus.

On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.

The crypto world can be a confusing place. This statement isn’t limited to the fact that there’s a lot of technical jargon, steps to take and projects to choose from. It can also be confusing in the sense that cryptos can often seem indistinguishable from one another. Bitcoin (CCC:BTC-USD), Bitcoin Gold (CCC:BTG-USD) and Bitcoin Cash (CCC:BCH-USD) are all completely different cryptocurrencies, for example. Another crypto theme that confuses many investors is that of the Shiba Inu-themed altcoin class that spawned from Dogecoin (CCC:DOGE-USD). Now, with both Shiba Inu (CCC:SHIB-USD) and Floki Inu (CCC:FLOKI-USD) becoming two of the hottest altcoin plays available right now, investors want to know the difference. So, what sets apart the Floki Inu crypto from its progenitor?

It’s important to note that these cryptos are both cut from the same cloth. When Dogecoin rose meteorically into the spotlight of the altcoin class, it inadvertently led to a whole host of Inu-themed coins that promised slightly differing token economics. Shiba Inu is by far the most popular of that wave of cryptocurrencies, existing longer than any other and making a name for itself as “the Dogecoin killer.” It does not aim to be a pale imitation; it wants to be the last altcoin standing.

The Floki Inu crypto is a much younger token, and it is in fact born of Shiba Inu fans who wanted to make a crypto with the same fun attitude and more utility.

Floki Inu Crypto vs. Shiba Inu: Similar Cryptos, But Different

Both the Floki Inu crypto and Shiba Inu are community-based tokens, with large fanbases who regularly get their crypto trending on Twitter. They both bear Shiba Inu logos, albeit Floki’s bears a distinguishing viking helmet. They even both play heavily off of Elon Musk’s love for Dogecoin; SHIB spent the summer getting price pumps from Musk’s tweets about Shiba Inu, and Floki’s name comes from Musk’s newly adopted Shiba.

However, the similarities begin trailing off there. First, FLOKI is a token, while SHIB is a coin. This might seem pedantic, but it really does make a difference. SHIB is the native cryptocurrency of its underlying protocol, the Shiba Inu network. It supports a host of tokens on its protocol. Meanwhile, Floki is a token, which means it does not have an underlying protocol. Of course, this isn’t a negative — developers don’t always need to have an entire network to themselves — but it is a difference nonetheless. SHIB operates on its own dedicated chain; meanwhile, users can use FLOKI on either the Ethereum (CCC:ETH-USD) or Binance (CCC:BNB-USD) chains, thanks to its multi-chain operability.

Supply Differences, ‘Tokenomics’ Set SHIB and FLOKI Apart

Another major difference between FLOKI and SHIB is in token supply. Floki has a total of 10 trillion tokens in existence; this is a lot, but it stands in stark contrast to SHIB’s massive 1 quadrillion coin supply. This lower supply has an effect on the price of FLOKI tokens as well; with fewer tokens to get ones hands on, supply and demand economics have leveraged the value of FLOKI above SHIB already.

Where SHIB’s price currently stands at $0.000025, Floki’s stands at $0.000067. It’s worth noting that while SHIB’s huge supply might seem like a hamper, that supply is actually beginning to dwindle. Vitalik Buterin, the Ethereum co-founder who was gifted half of SHIB’s supply upon launch, burned most of the 500 trillion SHIB in his possession.

Developers also are planning on instituting a coin-burn function in order to slowly and permanently reduce the entire supply. However, it will need to burn many coins — and fast — if it is to catch up to Floki, which already has a token burn mechanism.

This also shows the difference in how users can earn passive income with each crypto. Floki, with its transaction fees, allows users to passively generate income just by holding FLOKI. When a transaction takes place, a fee incurs; part of this FLOKI fee is sent to the burn wallet and removed from circulation, while another part is redistributed to all holders of FLOKI.

SHIB doesn’t offer the same tokenomics, but thanks to its robust ecosystem, there are plenty of opportunities to stake SHIB for income. Users get rewards for staking coins, which provides liquidity to the network’s ShibaSwap exchange. This fuels the platform and allows users to stake more SHIB for more rewards.

Floki Inu Crypto vs. Shiba Inu Crypto: Utilities and Road Maps

The cryptos are demonstrably different in structure and tokenomics. However, they also share differing plans for the future. SHIB is already deep into its roadmap; it has instituted a number of new tokens into its ecosystem, like the Dogecoin Killer (CCC:LEASH-USD) token and the Bone (CCC:BONE-USD) governance token. It has also already launched its ShibaSwap exchange, one of its longest-awaited upgrades.

While earlier along in its roadmap, the Floki Inu crypto isn’t looking to fill the same shoes. Rather, Floki’s roadmap emphasizes non-fungible tokens (NFTs) and crypto education as its pursuits of choice. Floki developers are planning to pursue a metaverse called Valhalla, a viking-themed NFT gaming universe. It also hopes to launch its own exchange, albeit one centered around NFTs. Its Floki University project rounds out the roadmap, representing a platform, where users can learn more about cryptocurrencies.

Altcoin investors, upon learning the differences between these projects, might consider deciding a preference. One might want to join either the Shiba Inu or Floki Inu crypto communities; in fact, one might want to join both in order to support the two robust and differing projects. Now that the differences are laid out, there’s much less worry in confusing the two or feeling overwhelmed by these projects, which are both seeing a huge amount of spotlight.

On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

One of the most incredible rallies we’ve seen in recent history is that of meme token Shiba Inu (CCC:SHIB-USD). Today, Shiba Inu surged more than 20% earlier on some impressive momentum. Since then, this meme token’s price has settled down. However, crypto investors will certainly be intrigued to know what the expert Shiba Inu price predictions are right now.

Of course, with any sentiment-driven asset, predicting which direction a token will go is difficult. The market can change its mood from minute to minute. And this week, we’ve seen some of these sentiment shifts play out in terms of volatility.

For this puppy-themed meme token, today has certainly been a good day relative to the overall crypto world. Accordingly, let’s take a look at what the bullish expectations are for SHIB from here.

Shiba Inu Price Predictions: Where Will the Pupcoin Go Next?

For context, SHIB currently trades at $0.00004853 per token, at the time of writing.

• Coinquora projects a very bullish price target of $0.002, if the right conditions are met, for SHIB.
• The U.S. Sun notes that a $1 valuation is impossible for SHIB, considering that that’s more money than there is in the entire world. However, this site also notes price target ranges of $0.00021956 to $0.000079 for next year.
• Wallet Investor is perhaps among the mid-point of these predictions. This site suggests one-year and five-year price targets of $0.000079 and $0.000186, respectively.

On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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Article printed from InvestorPlace Media, https://investorplace.com/2021/11/shiba-inu-price-predictions-how-high-can-a-pupcoin-rally-take-the-shib-crypto/.

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