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Is Shiba better than Doge?
Shiba briefly surpassed Doge in terms of market cap but it has now lost its place after plummeting over 42\% in the last week alone. However, a key difference is that Dogecoin has a much higher circulating supply than Bitcoin, with over 129 billion Doge in circulation, and no mining cap.
Do meme coins have any value?
The two “meme coins,” as they are called, are now the ninth and tenth most valuable cryptocurrencies by market capitalization worth a collective $79 billion.
Is Shiba Inu just a meme coin?
There is substance to those claims: the idea Shiba Inu is “just a memecoin” is not anymore entirely correct. Following the launch of the Shiboshi non-fungible tokens (NFTs) and the token’s decentralized exchange (DEX), Shiba Inu is also a decentralized finance (DeFi) and NFT ecosystem token.
Is Shiba a risky investment?
Keep in mind that Shiba Inu remains an incredibly risky investment, so it’s wise to think of it as an experiment rather than a surefire money-maker. Don’t invest more than you can afford, because there’s a good chance you’ll lose money.
Is Shiba Inu a good investment?
Shiba Inu has risen substantially during its brief existence, but that alone doesn’t make it a good investment. Rather than looking at the price gains and falling into fear of missing out, it’s vital to understand what you’re buying and why it may or may not rise in value.
Which is the best meme coin?
The best meme coins
| Meme coins | Price | 24h |
|---|---|---|
| 1 Dogecoin DOGE | $ 0.1668 | -7.01\% |
| 2 SHIBA INU SHIB | $ 0.00003207 | -5.60\% |
| 3 SafeMoon SAFEMOON | $ 0.000001511 | -6.23\% |
| 4 Dogelon Mars ELON | $ 0.000001124 | -5.53\% |
Is it smart to invest in Shiba?
Unless it develops real-world utility and a strong competitive advantage in the crypto space, there’s a good chance it will crash and burn eventually. If you don’t sell at just the right moment, you could lose a lot of money. For these reasons, Shiba Inu is a high-risk and potentially dangerous investment.
Is Dogecoin or shiba inu headed for market dominance?
It’s safe to say that neither Dogecoin nor Shiba is headed for crypto market dominance based on any technical credentials – neither is particularly innovative compared to other leading projects. But when it comes to pitting one token against the other, there are just a few key differences to be aware of.
What is Dogecoin (Doge)?
Dogecoin was the first of the so-called meme coins, famously started as a joke to satirize the investor hype surrounding the cryptocurrency market. The project was launched in 2013 and adopted the Shiba Inu dog as its mascot – which at the time was the subject of a famous meme doing the rounds.
Is Dogecoin still relevant in the crypto market?
Once again, this was short-lived but it was enough to let investors know that Dogecoin was still relevant in an ever-progressing crypto market. By 2019, DOGE was trading back down around $0.0025, occasionally creeping up to $0.0030 going into 2020 but without making any substantial headway.
Is Shiba Inu the ‘Doge killer’?
Since then, Shiba Inu has very much earned its moniker of the ‘Doge Killer’ and a certain amount of hype began generation around the coin in May, sending prices up to an all-time high of $0.0000379 – representing a staggering increase on its launch price just one year earlier.