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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
📍 Follow Gate_Square, vote and drop your reason.
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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📅 Event Period
August 11 – 20, 2025
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2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Recently, there has been a heated discussion in the crypto assets field about "people's currency." Lucie, a representative of the SHIB (Shiba Inu) community, confidently declared that SHIB is the people's currency of the past, present, and future. This viewpoint has sparked quite a controversy.
However, before this, Tesla CEO Elon Musk had already labeled Dogecoin (DOGE) as "the people's currency." Musk believes that from the perspective of payment functionality, DOGE has advantages over Bitcoin and could become a dark horse in the payment sector.
From a market performance perspective, DOGE currently ranks 8th in the crypto assets leaderboard, with a market capitalization of $35.4 billion, demonstrating a strong market position. In contrast, SHIB has recently fallen to 22nd place, with a market capitalization of about $7.9 billion. Although there is a significant market capitalization gap between the two, this does not mean that the competition is over.
In fact, both SHIB and DOGE originate from meme coins in internet culture, and their popularity largely depends on community support and market sentiment. As a newcomer, SHIB currently has a smaller market capitalization, but its rapid rise cannot be overlooked.
Which cryptocurrency can truly become the "people's currency" remains a question worth discussing. This involves not only technical characteristics and market performance but also user acceptance, regulatory environment, and other factors.
Both SHIB and DOGE face tremendous challenges and uncertainties to truly become the "Renminbi". Whether they can stand out in fierce market competition ultimately depends on their ability to meet user demands and continuously progress in areas such as technological innovation, community building, and practical applications.
With the continued development of the crypto assets market, we will witness how the competition over "the people's currency" evolves. Regardless of the outcome, this competition itself will drive progress and innovation throughout the entire crypto assets ecosystem.