Both meme coins have gained popularity over the years. Dogecoin has been around since 2013, while Shiba Inu is new to the market. The market values of these two cryptocurrencies have increased significantly over the years. Investing in Dogecoin and Shiba Inu has made several people rich overnight. Both currencies outperformed the Bitcoin market
The year 2021 was a good year for Dogecoin and Shiba Inu, as both coins performed well. If we look at the percentage of profit of these two cryptocurrencies against the US dollar, their performance was better than that of many cryptocurrencies out there. For example, let’s turn back the clocks a year ago. If someone had invested in Bitcoin, they would have gained a 290% advantage against the US dollar. Now, in the case of Dogecoin, investors who have invested in it a year ago have gained 14.787% against the US dollar, according to one-year data.
Shiba Inu has been in the cryptocurrency market since August 2020. Considering that Dogecoin has been around since 2013, Shiba Inu is a new coin compared to it. There are no analyses available for this digital currency before January 20221. Shiba Inu has gained 90,100% in value since its initial launch. Statistics from the last 30 days have shown that Dogecoin has fallen by 33%, while Shiba Inu has gained 425.6% in the last month. However, the statistics of the last week are different. According to it, Dogecoin has risen with a gain of 27.10%, while Shiba Inu has only risen 13.8%.
Apparently, Elon Musk has been involved in the development and improvement of Dogecoin. The similarities in both currencies are many. For example, Dogecoin was developed by Billy Markus and Jackson Palmer as a joke; the same goes for Shiba Inu, it was also developed as a joke, but the creator of the ERC20 coin is still unknown. The developer is known by the pseudonym Ryoshi.Additional comparison of these two “canine” coins
The logos of both Shiba Inu and Dogecoin have images of dogs. Their communities are also very active and prominent. Many people call themselves Doge Army, but there are also quite a few people who refer to themselves as Shib Army. According to Coingecko, the market capitalization of the Shiba Inu is 30, with a market value of $4.5 billion. However, Dogecoin’s market value is much higher than Shiba Inu’s, which is $49 billion.
Shiba Inu’s fee transaction is higher than Dogecoin’s, as to send Shiba Inu, you will be charged $5.32, and for Dogecoin, the shipping fee is $0.933. There are more exchanges with Dogecoin than with Shiba Inu. Coinbase just added Shiba Inu. However, many reputable cryptocurrency exchanges such as Okex, Huobi, ShibaSwap, Kucoin, Coinbase, Binance, Probit Global, Crypto.com, coindex, and Wazirx are dealing with Shiba Inu.
The number of Shiba Inu tokens is greater than that of Dogecoin. According to the numbers, there are 497 trillion Shiba Inu, and only 129 trillion Dogecoin tokens are circulating. In the past 24 hours, Shiba Inu’s global trade was $800 million. However, the global dogecoin trade was $6.2 billion.
Both cryptocurrencies have many similarities and differences, but the main point is that both have good potential, as seen in the past.