Skip to main content

Dogecoin vs Shiba Inu: Which Meme Coin is a Better Buy?



Dogecoin and Shiba Inu are the largest meme coins in the world. The two have a combined market cap of $33.3 billion. This makes them larger than well-known companies such as Carmax, Chegg, Wayfair, Carvana and SoFi, among others. Dogecoin price has plunged over 81% from its all-time high, while Shiba Inu is down over 70%. So what's a better buy? DOGE or SHIB?


What speaks for Shiba Inu

There are several reasons why Shiba Inu's price is a better buy than Dogecoin. First, SHIB seems to be more popular than Dogecoin. The data shows that SHIB is the second most popular cryptocurrency on social media platforms after Bitcoin. It is also one of the most commonly held cryptocurrencies in the world. Therefore, there are chances that these users will help to increase it further in the future.


Second, and most importantly, Shiba Inu has evolved from a mere meme coin to a DeFi platform. In 2021, developers launched ShibaSwap, an all-in-one platform for swapping coins and generating returns through staking and providing liquidity.


According to the platform, it now has a total value of more than 100 million USD (VL). This amount is slightly below that of Cardano, a larger platform with over $300 million. Also, people can mint and trade NFTs on the platform. Therefore, there are chances that this DeFi platform will continue to perform well.


Additionally, Shiba Inu developers have announced plans to introduce Metaverse tools to expand their engagement. These initiatives are likely to drive the Shiba Inu price sharply higher. Most importantly, Shiba Inu holders are more evenly distributed.


What speaks for Dogecoin

On the other hand, there are several reasons why Dogecoin is a better investment than Shiba Inu. First, Dogecoin is considered a pioneer in the meme coin industry. As a result, many people believe it has a better chance of gaining global acceptance than Shiba Inu. They cite Bitcoin's success to support their case. Consider what Mark Cuban said about DOGE :


“ And then you have Dogecoin, which is just fun. But the weird thing about it is that it has evolved from a cryptocurrency joke to something that is becoming a digital currency. "


Also, Dogecoin is promoted by Elon Musk, the richest person in the world. The fact that he is holding the coin is seen as a way of confirming its existence. However, Shiba Inu proponents see this as a negative catalyst for the coin, as Musk can change his mind at any time.


Therefore, in my view, Shiba Inu is a better investment than Dogecoin since it has expanded its use case.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more