During the year 2021, Shiba Inu (SHIB) and Dogecoin (DOGE) took over the cryptocurrency world. Shiba Inu hunting dogs were used as the mascots for both of these cryptocurrencies, which came out of nowhere and went on a run that made some early investors rich.
SHIB and DOGE have made people rich in the past. In 2022, they might be able to get together again because of their strong communities, which could help them. SHIB has an advantage over DOGE because it doesn’t raise prices.
All about Shiba Inu
Unlike Dogecoin, Shiba Inu was created as a cryptocurrency to compete with it. If you use social media platforms like Facebook, you can post photos to your walls just like you would in a chat room at home. Coins have logos and graphics on them, but they don’t do anything except being fun or make people laugh.
All about Dogecoin
It is possible to exchange money without having to use third parties like banks or other financial institutions. This is possible using Dogecoin, a sort of digital currency. This is not the case with traditional currencies, like dollars and euros. Each coin has its own value based on how long it took someone else to make it.
Billy Markus designed the fun cryptocurrency Dogecoin in December 2013. It quickly became popular because of its clever logo, which features the doge meme that is so popular on the internet.
Better Buy
If you want to invest in Shiba Inu or Dogecoin, you should only put a small amount of your money into them. Shiba Inu looks like it has more momentum right now, but Dogecoin might be better for people who think that Musk can at least be stable and have some long-term relevance.
In 2021, Meme coins made investors a lot of money. All the people who had $100 or less in SHIB or DOGE are now rich.
This could happen when the bulls come back into the market. These two could still make huge gains as they did in 2020 and 2021. This is because they now have a lot more people in their lives and adoption are growing. Because SHIB is likely to make Dogecoin rise in value in the future.
Shiba Inu, on the other hand, is deflationary, and over half of the money in circulation has already been spent. The Shiba Inu ecosystem is growing, and now there is a DEX in it called Shibaswap.
Dogecoin, on the other hand, is very dependent on Elon Musk. The Musk effect seems to be going away. When the bulls come back, this gives SHIB a better chance.
“The views and opinions on this Crypto News Website are solely those of the authors and contributors. These views and opinions do not necessarily represent those of iBaseTrading or its partners.”
