Top 5 Cryptocurrencies Shiba Inu Whales Are Buying In 2023

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Last Updated October 27th 2022
6 Min Read

Top 5 Cryptocurrencies Shiba Inu Whales Are Buying In 2023 - Our Picks 

Here’s a rundown of the top 5 cryptos Shiba Inu whales are buying in 2023. Explore more about each coin in the coming section. 

Polkadot - The crypto aims to connect blockchains. 

Cardano - One of fastest growing crypto, consistently watched by whales. 

Solana - A digital asset that has carved out a unique niche for itself. 

Ethereum - The most advanced cryptocurrency to buy now. 

Dogecoin - The must-buy memecoin that’s on everybody’s radar. 

 

A Closer Look At The Top 5 Cryptocurrencies Shiba Inu Whales Are Buying In 2023

Meme cryptos have been in the market for several years now. Although these were introduced as a joke, meme coins like Shiba Inu gained massive popularity with their potential utilities and developments in the network, turning them into tangible assets. SHIB has been one of the favorite choices of crypto whales lately. 

However, with the market recovering slowly, Shiba Inu whales are buying these top 5 cryptos. Let us see why. 

Polkadot (DOT)

Polkadot, with its interoperable blockchain technology, has created numerous opportunities for savvy investors. It is known as the blockchain of blockchains that creates a trustless way for blockchains to communicate with each other directly. DOT price has seen a notable rise recently, and several Shiba Inu whales are buying the crypto today for its growth potential. 

Polkadot is also one of the most widely used DeFi protocols. Thanks to its higher transaction throughput, it has been a go-to choice for several developers for DeFi implementations. The crypto also has partnerships with projects like Chainlink, to leverage its Oracle network. This Oracle network paves way for real-world data to interact with the blockchain. 

DOT seems to be a good buy now, as the project has revealed an updated roadmap for planned upgrades. The team announced blueprints for a new consensus protocol that aims to increase network speeds to between 100,000 and 1,000,000 transactions per second [TPS].

buy polkadot

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Cardano (ADA)

Cardano is one of the most sustainable, flexible, and scalable platforms that can run smart contracts. Thanks to this advanced network, developers can create numerous decentralized finance apps, games, new crypto tokens, and more on the network. ADA has survived numerous bulls and bears since its inception, positioning its place in investors’ go-to investment list. 

The crypto aims to be the dominant financial services operating system by launching DeFi products. Along with ADA whales boosting the token’s value, even SHIB whales are planning to buy Cardano in 2023. The team has plans to host the fastest-growing mobile network and the largest book NFT platform backed by major publishing houses. Despite the plunging prices and bad market, Cardano's commercial and venture capital arm EMURGO, established over a $200 million fund to incentivize enterprises built on the network.

These major developments within the Cardano ecosystem and upcoming updates like Hydra and Vasil hard fork are some of the factors contributing to the optimism of ADA investors and whales. 

buy cardano

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Solana (SOL)

Currently, Solana is garnering much attention, especially from Shiba Inu whales, due to its flourishing NFT marketplace. Thanks to its faster and cheaper network, it has been an ideal choice for NFT developers and users. Also, SOL’s lower minting costs make it an ideal host for smaller developers to build their projects. 

One of the most trending Solana NFT collections currently is y00ts, a set of 15,000 NFTs that is rapidly garnering the attention of celebrities. This NFT collection is responsible for a huge spike in Solana NFT activity, boosting the network’s adoption and making SOL a good buy. 

buy solana

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ethereum (ETH)

After undergoing one of the most significant upgrades in the history of the crypto sphere, Ethereum has been on every crypto whale's radar. The Merge has made the Ethereum network more advanced, scalable, and energy efficient. 

But the crypto has more in store for its investors and believers. Buterin announced at the Ethereum Community Conference in Paris this July that The Merge is just an initial step and Ethereum would still be only operating at 55% of its potential. There are more upgrades in the pipeline, and once implemented, ETH would be the best crypto investment that could make millionaires in the future. 

One of the key ways Ethereum would scale through is by the implementation of Sharding. By Sharing Ethereum’s main blockchain is split into multiple chains or shards. The process would go live sometime in 2023, making ETH the best buy now. 

buy ethereum

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Dogecoin (DOGE)

Dogecoin began as a joke about price speculations in cryptocurrency itself but transformed into one of the most tangible investment options. DOGE rallied to its highs in 2021, with celebrities and billionaires like Elon Musk voicing for the token across social media platforms. 

Currently, over 3,000 merchants accept DOGE as a payment method, which includes companies like Tesla and Dallas Mavericks. Dogecoin is certainly one of the top cryptos that Shiba Inu whales would buy, thanks to its price potential as the developers are creating more utilities for the token. 

The crypto has already launched several updates, which include Libdogecoin, the building block for creating Dogecoin projects. Currently, this library for Dogecoin is receiving new improvements, and Libdogecoin v 0.1.1 is coming along. All these would massively push the adoption of Dogecoin, making it an ideal buy now. 

buy dogecoin

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Bottomline 

Cryptocurrencies are the most unstable investment class in the market but can turn investors into millionaires if invested carefully. If you are looking for cryptos with high growth potential, then diversify your portfolio with these top 5 cryptos that Shiba Inu whales are planning to buy in 2023.

Read More:

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