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Shiba Inu Vs. Dogecoin – which one is better?

Hopefully, we can help you a little with your decision on which one to choose, through this article.

Many different coins including dogecoin and Shiba Inu
Image: Unsplash

Dogecoin and Shiba Inu coins are “meme coins” that have been quite popular in the market for a while.

Thus, it becomes pretty difficult for most people to choose the right option for their purpose. But there’s no need to worry about it, though.

In this article, we’ll discuss both Shiba Inu and Dogecoin elaborately. And there will be a separate section available for their key differences. 

So, let’s not wait any further and get started with our article right away.

DOGE or Dogecoin – an introduction

dogecoin on table
Image: Forextime

In essence, Dogecoin is the OG of the meme coin universe. It came to the market through the same appearance as the popular internet meme “Cheems.” Hence, it didn’t take the coin much time to become extremely popular in the market.

However, like any other meme coin, its popularity has died down a little in today’s world. So, the price growth we expected it to offer didn’t come to fruition either. 

But, there’s a silver lining to everything, you see.

And thanks to that, Dogecoin has become internationally famous in the Crypto market. It has also become a means of payment in many countries, including the USA.

As far as the former report tells us, Elon Musk’s company, Tesla, accepts it as a form of payment. So, that’s pretty good progress for a meme coin.

SHIB or Shiba Inu coin – what is it?

Shiba coin in the foreground
Image: Unsplash

Like Dogecoin, Shiba Inu also followed the same “Cheems” meme. But, unlike DOGE, it didn’t come in peace or to make fun of the cryptocurrency or blockchain network.

Instead, it wanted to be the “DOGE killer.”

And, to its virtue, Shiba Inu coin succeeded a little in this aspect. The coin was launched in August 2020. And, within a year, the price of it went up quite a lot. By 48,000,000%, if we’re being precise.

However, since such an alluring hike in price, Shiba Inu coin became a little vulnerable to the market’s volatility. And, it couldn’t reach the same heights as it did in 2021 ever again. But here’s another silver lining.

The developers of Shiba Inu have developed a separate metaverse and a brand new layer-2 solution.

This, in turn, can help them scale down the transaction cost and make it much easier for everyone to trade here. So, hopefully, something better will happen in the future.

Shiba Inu vs. Dogecoin – which one is better?

Both of them are amazing, in our opinion. You’ll be okay with it if you make a suitable investment and diversify your money.

We’ll also ask you to keep an eye on the DOGE or shiba inu price forecast to make a proper plan. Hopefully, that will help you make the right move in the market.

In any case, now, we’ll be answering which is the better coin. So, let’s not wait and get started with it right away.

 Shiba Inu CoinDogecoin
Approximate Market Capitalization GBP 10 millionGBP 15 million
Available Coins549 trillion132.7 billion
PurposeCreated to kill off the hype of Dogecoin.Created as a joke of Bitcoin or the world of Crypto.

Yes, it doesn’t have enough information for you to make a subtle choice. But, wait, let us tell you about it a little. Hopefully, it will help you understand the differences a little better.

When it comes to market capitalization, you should always choose something with a higher value. So, in this aspect, Dogecoin seems like a much better prospect than SHIB.

Also, the less the number of available coins, the lower the issue of volatility will be. So now, if we consider that, Dogecoin again looks like the winner.

So, what should you choose?

Hopefully, we can help you choose between Dogecoin and Shiba Inu coins in this article.

However, if you are still confused about something, we’ll ask you to comment your thoughts below. We’ll try our best to offer as much information as possible in this aspect.

And, considering what we’d do, we’ll ask you to opt for Dogecoin instead of Shiba Inu. It’ll be a much better option and can offer the best possible future.

Have any thoughts on this? Carry the discussion over to our Twitter or Facebook.

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