In an economy where many cryptocurrencies fail, there is one coin that seems to have been created as a hedge. The Shiba Inu is gaining popularity in the world of cryptocurrencies, partly because it is a small community, but also because it is an easy-to-remember coin. People started putting Shiba Inus instead of names in other cryptocurrencies.
Dogecoin was originally a joke, an attempt to make fun of the whole bitcoin phenomenon, and it succeeded. The Shiba Inu was less successful. With popularity comes power, and Shiba Inu have struggled to get as much attention as they would like. Since Dogecoin is a joke and Shiba Inu is a cute meme, they both have the opportunity to rise to the top. In this review, we will compare both of these tokens and find out which is better to buy cryptocurrency in 2022.
What Is Dogecoin?
Dogecoin was developed by Billy Markus and Jackson Palmer. The “Doge” part was used to make fun of people who called Bitcoin a currency. It wasn’t a currency, so the idea of using it to pay for things didn’t exist. The people at Dogecoin came up with this as a joke, and the joke was successful soon it was considered a real coin, you can buy the digital asset on an exchange like Binance or exchange cryptocurrency on Changelly.
What Is a Shiba Inu?
Shiba Inu was not so much a joke as a funny meme. Many individuals used the Shiba Inu as a kind of joke name instead of the name of the currency, and for a small community, it worked. It became popular enough to become a coin in its own right. As you can see above, the Shiba Inu replaces the name Dogecoin with the name of the Shiba Inu. And that’s why we call the Shiba Inu a furry-friendly coin. The coin became a meme, so it opted for a cute dog over a cool dog.
Comparison of Shiba Inu and Dogecoin
Below are the differences between these meme coins:
- Shiba Inu. It’s just a prank coin, but it’s also run by the community. The community is committed to making crypto more acceptable, and while it’s easy to get involved and help with projects, there are other cryptocurrencies out there. It’s about what the Shiba Inu community wants, not what the members of the community want. The Shiba Inu has a market capitalization of almost US$12 million. If the Shiba Inu continues to rise in value, it could overtake Dogecoin as the largest coin. It is currently ranked tenth and growing every day so you can buy SHIB in UK;
- Dogecoin. Many Dogecoin people are not working on Shiba Inu, they are doing other things. In fact, many members of the Shiba Inu community are associated with many other cryptocurrencies, including Dogecoin. With other members, they work on the Shiba Inu, but that’s not a priority. In terms of market cap, Dogecoin has a market cap of just over $20 million. While it was a roller coaster in terms of price, it didn’t get that far. This is largely due to the Shiba Inu. However, Dogecoin has been growing strongly lately, and if this continues, it may soon overtake the Shiba Inu. So you can buy Dogecoin in UK on the hype. It is currently ranked 20th and has a market capitalization of almost $3 million.
At the end of this cryptocurrency overview, it is worth noting that the Shiba Inu has proven to be the coin that gets the most attention. As Dogecoin slowly fades away, Shiba Inu will slowly start to overtake it. If Shiba Inu’s rate of growth continues to increase, then it could overtake Dogecoin and take its place like the coin with the most attention. However, Dogecoin’s rate of growth is increasing and is starting to outperform the Shiba Inu. If that continues, then the Shiba Inu could soon be outdone by the Dogecoin, but as it stands, the Dogecoin is still ahead.
For now, the Shiba Inu is still popular. It’s the “Furry Coin”, and it has a lot of community support. Dogecoin’s support is not as strong, and it seems to be fading. But as the market continues to grow and become more popular in the USA/EN in 2022, it may be that the Shiba Inu becomes the largest meme coin.