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Shiba Inu vs Dogecoin - which meme coin will be worth more in the long run?



The Shiba Inu has seen extreme gains in the last week, bringing itself back to the minds of the crypto community. The dog coin has risen to the top 20 cryptocurrencies by market capitalization. Can the Shiba Inu replace the most successful meme coin, the Dogecoin?

Shiba Inu vs Dogecoin - The Meme Coins in comparison

Meme Coins were initially set up as fun projects. The first meme coin was the Dogecoin. This cryptocurrency wanted to make fun of Bitcoin. The symbol of the coin was the Shiba Inu, a well-known exclusive dog breed. This dog became a popular internet meme because of the look on his face. Dogecoin took this meme and created a successful cryptocurrency with it. 

The success of Dogecoin came as a surprise. The coin even became one of the 10 most valuable cryptocurrencies in the last major bull market in 2017. Over time, many imitators followed. The most successful imitator is now the Shiba Inu Coin. The Shiba Inu was only founded in 2020, making it 7 years younger than the Dogecoin. However, it became popular much faster and is already in 20th place after Market Cap.

Elon Musk pumps both Coins


The biggest fan of the meme coins is the eccentric billionaire and Tesla founder Elon Musk. In the spring he caused strong Dogecoins rallies with several tweets. After criticizing Bitcoin for its environmental damage, he mentioned Dogecoin as an environmentally friendly alternative.

The last few days have also shown that the crypto community depends on Musk's words. Because Musk posted a picture of his own Shiba Inu puppy, who goes by the name Floki. In doing so, he ensured a massive upturn in the Shiba Inu token, which gained over 250% within 7 days.

Which meme token has the more promising future?

Can the Shiba Inu even reach the popularity of the Dogecoin soon? More and more investors are asking themselves the question in the wake of the massive rally of the meme coin. In contrast to the Dogecoin, the Shiba Inu is currently experiencing a massive upswing and appears to be the “fresher” product.

In contrast, Dogecoin is already much more established on the market at 8 years of age. As already mentioned, it was already in the top 10 cryptocurrencies in 2017. The difference in market capitalization is still massive (Dogecoin is 3x higher than Shiba Inu). As the still more well-known meme coin, Dogecoin should have the edge in the medium term.

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