Comparison Between Shiba Inu Vs Doge Coin

You must know that when comparing between Shiba Inu Vs Doge Coin is something that is quite difficult. Both provide a sizeable profit rate in recent years.

Dogecoin is currently available on Coinbase and Shiba Inu on Indodax. Although the Shiba Inu is a DOGE clone, both have seen significant gains in recent months. 

Shiba Inu Vs Doge Coin outperforms the Bitcoin market. Shiba Inu Vs Doge Coin has made huge profits in 2021. 

These two coins have surpassed most cryptocurrencies in terms of growth percentage. Now, the Shiba Inu is only ten months old. When Dogecoin was released on December 6th 2013 and it is now 7 years old. In terms of performance, even though the Shiba Inu is still relatively new.

Comparison Between Shiba Inu Vs Doge Coin

Below is a comparison between Shiba Inu Vs Doge Coin that you need to know between the two. If you are still confused about choosing it, just read some of the reviews below.

Shiba Inu

The first is the coin meme Shiba Inu, which managed a record-breaking profit of nearly 46,000,000 percent in 2021. This means investors who have the luck, stomach, and ability to invest a little more than $2 in SHIB on January 1, 2021 end the year as millionaires.

The fuel for the Shiba Inu's historic journey is its increased visibility. It is one of the most sought-after cryptocurrencies in the US, and the number of investors holding SHIB tokens recently jumped past 1.1 million. As more crypto exchanges accept SHIB for listing, visibility and liquidity will increase.

The launch of the ShibaSwap decentralized exchange in July has been a positive catalyst. Apart from increasing liquidity, the ability to stake coins on ShibaSwap has encouraged investors to hold onto their coins for an increasingly longer period of time.

But for 2022, investors are primarily focused on new developments. It is expected that the Shibarium layer-two blockchain project will launch this year, with non-fungible token (NFT) based games following shortly after.

Blockchain-based games, and all things related to the metaverse, the next iteration of the internet, that allow users to interact in 3D virtual environments have become very hot in recent months.

Also read: Dogecoin Becomes Second Largest PoW Cryptocurrency

Doge Coin

Then there is Dogecoin, which was actually the most sought-after digital currency in the US last year, outnumbering even Bitcoin and Ethereum.

The Shiba Inu inspired token ended 2021 higher by almost 3.000%. It's a far cry from the Shiba Inu's profits, but it's a better return than any given stock last year.

Arguably the biggest catalyst for Dogecoin in 2021 – and moving forward – is Tesla Motors CEO Elon Musk. The richest man in the world owns only three digital currencies, and Dogecoin is one of them.

He is no stranger to tweeting Shiba Inu-themed memes on Twitter, which act as an emergency beacon for fans to buy DOGE tokens.

As well as being a staunch supporter of the project, Elon Musk has also tweeted that he will work with Dogecoin developers to improve the blockchain-based network.

For what it's worth, the project's developers have been working on upgrades to the network designed to lower transaction fees and make DOGE more competitive in the crypto space. Currently, transactions on the Dogecoin blockchain are cheaper than on the Bitcoin or Ethereum blockchain networks.

Fans of this coin are also happy about the increased adoption. Tesla recently started accepting Dogecoin for select merchandise, with other global companies, such as AMC, giving DOGE the go-ahead.

Now that we have taken a closer look at the pros and cons of Shiba Inu and Dogecoin. Which is better to buy in 2022? The answer is in you alone.

Given that no cryptocurrency offers a competitive or differential advantage in a space where hundreds of new coins and blockchain projects are debuting every week, none will provide token durability.

Also read: Buy Crypto Where? Just Buy in This App!

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