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There are currently about 13,000 cryptocurrencies in the world and new ones pop up every week. Few of these cryptocurrencies offer meaningfully differentiated technological advantages over Bitcoin, Ethereum or other top cryptocurrencies. To stand out in the huge crowd of altcoins, effective branding is key. Shiba Inu has followed Dogecoin’s winning meme-friendly brand recipe. During its spectacular run, Shiba Inu has been trending on social media and the brand has spread like wildfire. Without a significant technological advantage at this point, Shiba Inu can thrive or die in the long run, based largely on the strength of its brand.
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