• Dogecoin, RenQ Finance and Shiba Inu are three cryptocurrencies that recently captured the attention of traders.
• Dogecoin has a dedicated community and is backed by celebrities, while Shiba Inu has a strong following and is used for short-term trading.
• RenQ Finance is the top crypto bull pick due to its low fees, high rewards and secure platform.
Investors and traders continuously search for the next big thing in the crypto world. Three altcoins have recently caught traders’ interest. These are Shiba Inu (SHIB), RenQ Finance (RENQ), and Dogecoin (DOGE). Investors are attempting to profit from these coins’ sudden surge in popularity. In this article, we’ll examine each token, assess their likelihood of producing profits during the upcoming bull market, and identify the top crypto bull pick.
Dogecoin (DOGE) is a cryptocurrency based on memes founded as a joke in 2013. Dogecoin (DOGE has grown in popularity due to its hilarious tone and the endorsement of celebrities such as Elon Musk who has constantly tweeted about it. However, Dogecoin (DOGE) has been criticized for its lack of a clear use case and extreme volatility. It hit an all-time high of $0.74 in 2021 but has since declined to $0.09 as of this writing with year-to-date change of 30.85%. It also benefits from having an active and dedicated community that has helped it survive over time..
Shiba Inu (SHIB)
Shiba Inu (SHIB) is another cryptocurrency that was created as a parody of Dogecoin (DOGE). Like with Dogecoin, it gained appeal mainly because of its affordable cost and celebrity support but despite trying to develop real use cases it’s still mostly used for impulsive trading purposes only. It hit an all-time high of $0.0000388 in 2021 but like before it subsequently declined to $0