Connect with us

Business & Finance

5 Cryptocurrencies With A Brighter Future Than Shiba Inu

Dani Davis




  • Shiba Inu’s historic gain has turned patient crypto investors into millionaires.
  • Unfortunately, Shiba Inu has numerous flaws that could cause it to lose most of its value.
  • The following five cryptocurrencies are a much better bet than SHIB to outperform over the long run.

Dating back to the late 1800s, the stock market has reigned supreme. Even though other asset classes have had their moment in the sun, such as housing in the 2000s, no investment vehicle has delivered higher average annual returns over the very long run.

But over the short term, it’s a very different story.

Shiba Inu has gained more than 13,200,000%!

For the past couple of years, dozens of widely followed cryptocurrencies have lapped the broader market many times over. Leading that charge is ultra-popular meme coin, Shiba Inu (CRYPTO:SHIB).

As of late evening on Nov. 2, a single SHIB token would set an investor back $0.00006738. That’s close to seven thousandths of one penny! Yet it’s a far cry from where Shiba Inu traded on its debut day back at the beginning of August 2020 ($0.00000000051). In just a shade over 15 months, SHIB tokens have gained 13,211,665%. If you invested $10 on Aug. 1, 2020, and held, you’re now a millionaire.

Shiba Inu’s historic gain is the result of multiple factors:

  • A growing number of cryptocurrency exchanges are listing SHIB tokens for trade, which is increasing awareness and building up the community.
  • The launch of decentralized exchange ShibaSwap in July allows investors to stake their tokens and more importantly encourages them to hold SHIB for a longer period of time.
  • Elon Musk’s tweets are fueling gains. Even though Musk doesn’t own Shiba Inu coins, he did recently adopt a Shiba Inu puppy named Floki. Anytime Musk tweets about his dog or the breed, investors pile into SHIB.
  • With few avenues to bet against Shiba Inu, there’s a clear emotion-driven buy bias fueling this run.

SHIB’s dream run will eventually implode

But on the flipside, there are a laundry list of reasons to believe Shiba Inu will implode. For example, SHIB has virtually no use outside of a cryptocurrency exchange. You’d think the ninth largest cryptocurrency by market cap would be accepted by more than roughly 100 businesses, but that’s just not the case.

Shiba Inu also fails the sniff test when it comes to competitive advantages. This is to say that Shiba Inu doesn’t stand out when it comes to its ability to process transactions. It’s not even the only successful cryptocurrency to have adopted its inspiration from the Japanese Shiba Inu dog breed (Dogecoin did it, too).

To add, Shiba Inu is constantly being diluted by other blockchain projects. According to, there are around 13,500 cryptocurrencies, and this number is growing rapidly. To be blunt, there are far more-efficient and/or cheaper payment coin options than Shiba Inu.

Even history says Shiba Inu is in big trouble. Other payment coins that have had five-and-six-digit percentage runs higher all eventually lost more than 90% of their value.

These cryptocurrencies have a much brighter future than Shiba Inu

Even as a cryptocurrency skeptic, I see far more potential and a brighter future for the following five digital currencies, relative to Shiba Inu.


Ethereum (CRYPTO:ETH) is unquestionably the most-established cryptocurrency on this list, and also the one generating the most real-world buzz. That’s because Ethereum’s blockchain is the backbone of decentralized finance (DeFi). DeFi uses smart contracts on financially focused blockchain to complete transactions that might otherwise be slowed down or halted by financial institutions. These smart contracts, which are protocols designed to verify, enforce, and facilitate an agreement between two parties, are the heart and soul of what drives Ethereum.

In terms of real utility, the Enterprise Ethereum Alliance (EEA) has more than 100 members, all of which are aiming to increase knowledge and use of Ethereum’s blockchain. While we often think of blockchain in terms of its ability to speed up financial transactions (especially cross-border payments), it has logistical applications, too. Quite a few of the EEA members’ supply chain would benefit from Ethereum’s blockchain technology.


Blockchain-based payment network Stellar (CRYPTO:XLM) is another cryptocurrency this skeptic believes has a future.

Using today’s infrastructure, cross-border payments can take up to a week to validate and settle. With Stellar, fiat currency can be converted to Lumens (XLM, the protocol token of the network), transferred halfway around the world, and converted back to native fiat currency in a matter of seconds. The cost to complete the transaction? Just 0.00001 XLM, which works out to $0.0000038 per transaction. It takes more than 263,000 transactions just to rack up $1 in fees.

In this photo illustration, litecoin, ripple and ethereum cryptocurrency ‘altcoins’ sit arranged for a photograph in London, April 25, 2018. Photo: Jack Taylor/Getty Images

Aside from rapid, low-cost execution, Stellar has also had some real-world run. It worked with IBM to test its cross-border payments platform with a dozen banks in the South Pacific region in 2017. It’s also part of collaboration with Visa and Tala to bring financial blockchain solutions to emerging markets where access to basic financial services is limited.


Another digital currency with superior potential to Shiba Inu over the long-term is Solana (CRYPTO:SOL).

Like Ethereum, the Solana blockchain is all about incorporating smart contracts and allowing developers to build decentralized applications (dApp). But unlike Ethereum, Solana brings a number of notable advantages to the table on the efficiency front. Solana’s proof-of-history protocol, which establishes events as true without requiring validators to talk to each other, dramatically improves the speed by which transactions process. Whereas Ethereum processes around 13 transactions per second, Solana can handle 50,000 or more transactions per second.

Similarly, Solana looks to have an edge on Ethereum from a fee standpoint. When Ethereum’s network gets bogged down with transactions, the fees associated with payments can soar. With Solana, the fees are often around $0.00025 per transaction.  This means it’d take approximately 4,000 transactions to reach a mere $1 in fees. If this efficiency holds true as the network scales, Solana can carve out a healthy share of dApp demand next to Ethereum.


For something completely off the radar, look for Nano (CRYPTO:NANO) to completely outperform Shiba Inu over the long run. Nano is the 117th-largest digital currency by market cap ($820 million, as of Nov. 2).

The purpose of financially focused blockchain is to speed up payment settlement times, dramatically reduce costs, and democratize the process to allow everyone to participate. This is precisely what Nano does with its block-lattice blockchain. Rather than having a single blockchain, every user on Nano has their own blockchain they can add to without having to compete with other users. This makes Nano’s network scalable and highly efficient — the average transaction is completed in under a second.

Something else that stands out is Nano’s fee-less transactions. Nano’s consensus mechanism, Open Representative Voting (ORV), allows representatives to vote on the validity of individual blocks on the network. ORV provides differentiation, and more importantly keeps transactions free.


Last, but certainly not least, Cardano (CRYPTO:ADA) looks to have a much brighter future than Shiba Inu.

Although Cardano has experienced development delays (what major blockchain project hasn’t?), its developers have laid out a clear vision of the steps they’ll be taking to improve and grow the network. In the summer of 2020, the Shelley upgrade was released, which increased the number of nodes network participants could run. Following Shelley, the number of transactions on Cardano’s blockchain have increased from around 2,000 per day to more than 100,000 per day.

In September 2021, the much-anticipated Goguen update was unveiled. Goguen unleashes smart contracts on Cardano’s network, which paves the way for financial and nonfinancial dApps.

Assuming Cardano’s network can be significantly scaled and kept secure, which is what developers are working on now, it could be a serious rival to Ethereum and Solana.

This article originally appeared in the Motley Fool.

Sean Williams has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Cardano, Ethereum, Solana, and Visa. The Motley Fool has a disclosure policy.

Business & Finance

Kazakh President Fires Rare Criticism At Predecessor After Unrest

Dani Davis



Kazakhstan’s President Kassym-Jomart Tokayev issued rare criticism of his long-ruling predecessor Tuesday, and said he expected Russian-led forces to leave the troubled Central Asian country in the next 10 days.

The oil-rich country’s descent into chaos has laid bare infighting at the top of a government once dominated by Tokayev’s mentor, 81-year-old Nursultan Nazarbayev.

The older man retains the constitutional status of “Leader of the Nation” despite stepping down from the presidency in 2019.

Addressing lawmakers in a video conference broadcast live, Tokayev fired an eyebrow-raising broadside at Nazarbayev as the post-Soviet country reels from unprecedented violence that began with peaceful protests over an energy price hike.

Tokayev, 68, said Nazarbayev’s rule had created “a layer of wealthy people, even by international standards”.

Dozens died in the unrest and 10,000 people have been arrested Photo: AFP / Alexandr BOGDANOV

“The time has come to pay tribute to the people of Kazakhstan and help them on a systematic and regular basis,” Tokayev added, noting that “very profitable companies” would be asked to pay money into a state fund.

“The current system is oriented towards major structures and is based on the principle: ‘everything for friends and laws for everyone else’,” he said.

Both Kazakhstan and Russia have framed last week’s unrest that left dozens dead and almost 10,000 people arrested as a coup attempt assisted by foreign “terrorists”, but have provided little supporting evidence.

Tokayev blamed his predecessor for creating a rich elite Tokayev blamed his predecessor for creating a rich elite Photo: SPUTNIK via AFP / Yevgeny BIYATOV

Following a request from career diplomat Tokayev, the Moscow-led Collective Security Treaty Organisation (CSTO) deployed troops to bring about order and shore up the authorities.

On Tuesday, Tokayev announced “a phased withdrawal” would begin in two days and take “no more than 10 days”.

“The main mission of the CSTO peacekeeping forces has been successfully completed,” he said.

The CSTO mission of more than 2,000 troops was deployed at the peak of the crisis, after armed clashes between government opponents and security forces and a looting spree trashed parts of the largest city Almaty.

The decision was a first for the CSTO, often touted by Moscow as a NATO equivalent but previously reluctant to interfere in unrest in Central Asia, a region with long historical ties to Russia.

Nursultan Nazarbayev retains the constitutional status of 'Leader of the Nation' Nursultan Nazarbayev retains the constitutional status of ‘Leader of the Nation’ Photo: AFP / NICHOLAS KAMM

Concern has mounted that Moscow could leverage the mission to entrench its influence in Kazakhstan and US Secretary of State Antony Blinken warned that “once Russians are in your house, it’s sometimes very difficult to get them to leave”.

Tokayev appeared to further bolster his position by backing acting prime minister Alikhan Smailov to take on the job permanently on Tuesday — a nomination that won the unanimous support of lawmakers.

Former national security committee chief Karim Masimov — a key Nazarbayev ally viewed as perpetuating the retired president’s influence over the government — was arrested on treason charges Saturday in connection with the unrest.

Even if Nazarbayev — the son of shepherds who rose through the communist party’s ranks — is now being sidelined politically, dislodging his family’s extensive interests in Central Asia’s largest economy may take time.

In a significant move Tuesday, Tokayev announced plans to bring an end to a widely criticised private recycling monopoly linked to Nazarbayev’s youngest daughter, Aliya Nazarbayeva, 41.

“This should be done by a state organisation, like in other countries,” he said of the scheme.

But middle daughter Dinara and her husband Timur Kulibayev control Halyk, the largest commercial bank, and are among the richest people in the country. Kulibayev is moreover a key player in the flagship oil sector.

Oldest daughter Dariga Nazarbayeva’s political career, mainly in the rubber-stamp legislature, has been marked by a series of controversial statements and perceptions of an abrasive style.

The 58-year-old’s reported business interests are also rumoured to be extensive.

Leaks of offshore financial data and a High Court challenge in London have meanwhile revealed the extent of her family’s foreign property holdings — part of a trend of capital leaving that country that Nazarbayev officially discouraged while president.

Many residents of Almaty credited the CSTO as a stabilising force that had helped Tokayev gain control over the situation after spending several days inside as gunfire echoed around the city.

Roza Matayeva, a 45-year-old English teacher, got used to tuning in to her radio during the five-day internet blackout in Kazakhstan’s financial hub that ended briefly Monday morning before the city of 1.8 million went offline again at lunchtime.

News that the Moscow-led bloc had agreed to Tokayev’s request to send a detachment “brought relief and hope that the situation will be decided for the best in the near future,” she told AFP.

“I welcome cooperation with Russia. I think there is no threat to our sovereignty.”

Continue Reading

Business & Finance

Here’s How Apple CEO Earned 500% More In 2021

Dani Davis




  • Tim Cook received $98.73 million in total compensation in Apple’s fiscal 2021
  • The sum included $82.35 million in stock awards, a $12 million bonus tied to performance targets and a $3 million base salary
  • He reportedly earned $14.8 million in salary in 2020

Apple CEO Tim Cook’s compensation ballooned to nearly $100 million in 2021, a sixfold increase from the prior year.

The 61-year-old executive, who reportedly earned $14.8 million in 2020, received $98.73 million in total compensation in Apple’s fiscal 2021, according to an SEC filing published Thursday. The company’s fiscal year began in September 2020 and ran through September 2021.

Of this amount, $82.35 million came from stock awards. The sum also included a base salary of $3 million and a $12 million bonus for hitting Apple’s performance targets.

Cook also received $1.39 million in other compensation, including $712,488 in personal air travel, $630,630 in security, a $17,400 contribution to his 401(k) plan, $2,964 in life insurance premiums and $23,077 in vacation cash-out.

Despite the negative effects of the COVID-19 pandemic and supply chain issues, Apple reported 33% revenue growth and more than $365 billion in sales. The increase in annual sales reportedly stemmed from the strong demand over the past two years as consumers working from home splurge on upgrades. 

Cook became CEO of Apple in August 2011 after the company’s late founder Steve Jobs stepped down. Jobs died of pancreatic cancer that October.

In 2021, Apple marked the 10th anniversary of Cook’s leadership as CEO.

In September last year, Cook reportedly received 333,987 restricted stock units, in his first stock grant since 2011 as part of a long-term equity plan. He will be eligible to receive additional units in 2023.

A report by Reuters noted that Cook’s 2021 pay was 1,447 times that of the average Apple employee. 

In 2021, the median pay for employees was $68,254. In 2020, the median pay was $57,783, 256 times Cook’s salary, according to the publication. 

Cook, who has already donated tens of millions of dollars to various charities, previously stated he plans to give away most of his fortune before he dies.

Cook’s net worth was $1.5 billion as of Tuesday, according to a Forbes estimate.

Prior to being named CEO, Cook was Apple’s senior vice president of worldwide operations. At the time, he was earning $500,000 per year. When he became CEO of Apple in 2011, Cook’s salary increased to $900,000 per year. 

Between 2011 and 2020, Cook reportedly received $963.5 million in total compensation.

Apple CEO Tim Cook attends Apple’s “Ted Lasso” season two premiere event red carpet at the Pacific Design Center, in West Hollywood, California, July 15, 2021 Photo: AFP / VALERIE MACON

Continue Reading

Business & Finance

UN Wants $5 Bn Aid For Afghanistan In 2022

Dani Davis



The United Nations said Tuesday it needed $5 billion in aid for Afghanistan in 2022 to avert a humanitarian catastrophe and offer the ravaged country a future after 40 years of suffering.

In its biggest-ever single-country appeal, the UN said $4.4 billion (3.9 billion euros) was needed within Afghanistan, while a further $623 million was required to support the millions of Afghans sheltering beyond its borders.

The UN said 22 million people inside Afghanistan and a further 5.7 million displaced Afghans in five neighbouring countries needed vital relief this year.

“A full-blown humanitarian catastrophe looms. My message is urgent: don’t shut the door on the people of Afghanistan,” said UN aid chief Martin Griffiths.

“Help us scale up and stave off wide-spread hunger, disease, malnutrition and ultimately death.”

Since the Taliban hardline Islamist movement seized control of Afghanistan in mid-August, the country has plunged into financial chaos, with inflation and unemployment surging.

Washington has frozen billions of dollars of the country’s assets, while aid supplies have been heavily disrupted.

Afghanistan also suffered its worst drought in decades in 2021.

Without the aid package, “there won’t be a future”, Griffiths told reporters in Geneva.

The Taliban authorities said the aid appeal for suffering Afghans was “very needed”.

“But at the same time I would like to say the need is for all this assistance approved in the past to be delivered during this harsh winter,” senior Taliban leader and the group’s designated UN representative, Suhail Shaheen, told AFP.

He said the inflow of funds would also help in the functioning of the now dilapidated banking system, adding that any cash coming into the country will help rein in the inflation.

The UN said $4.4 billion (3.9 billion euros) was needed within Afghanistan to avert humanitarian disaster Photo: AFP / Mohd RASFAN

“The banks are not working properly so there is also a need to control the inflation and that can be controlled when dollars … hard currency come to Afghanistan,” Shaheen said.

Griffiths said the appeal, if funded, would help aid agencies ramp up the delivery of food and agriculture support, health services, malnutrition treatment, emergency shelters, access to water and sanitation, protection and education.

An estimated 4.7 million people will suffer from acute malnutrition in 2022, including 1.1 million children with severe acute malnutrition.

Griffiths said that without humanitarian aid, distress, deaths, hunger and further mass displacement would follow, “robbing the people of Afghanistan of the hope that their country will be their home and support, now and in the near term”.

However, if international donors come forward, “we will see the opportunity for an Afghanistan which may finally see the fruits of some kind of security.”

Griffiths said the security situation for humanitarian organisations in Afghanistan was probably better now than for many years, adding that the staff in the ministries in Kabul largely remained the same as before the Taliban takeover.

He said the UN Security Council’s move in December to help humanitarian aid reach desperate Afghans, without violating international sanctions aimed at isolating the Taliban, had made the operating environment for donors and humanitarians on the ground much more comfortable.

The money will go to 160 NGOs plus UN agencies delivering aid. Some will be used to pay frontline workers such as healthcare staff — but not via the Taliban administration.

Around eight million children could miss out on their education because teachers largely have not been paid since August, Griffiths said.

UN refugees chief Filippo Grandi said the aid package’s goal was to stabilise the situation within Afghanistan, including for internally displaced people, thereby preventing a further flood of migrants fleeing across the country’s borders.

“That movement of people will be difficult to manage, in the region and beyond, because it will not stop at the region,” he said.

“If those efforts are not successful, we will have to ask for $10 billion next year, not $5 billion.”

Continue Reading