Dogecoin vs Shiba Inu: Will $SHIB surpass $DOGE? Or will this new, greener cryptocurrency be the next big meme coin? | Trending Viral hub

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Meme coins are currently trending, with investors eagerly searching for the next big coin, with Dogecoin and Shiba Inu standing out as two main contenders.

Both have loyal followers and profit potential, but which presents a better long-term investment? Let’s dive into a comparison.

The article also mentions Dogecoin20, an upcoming Ethereum-based token inspired by Dogecoin, which offers staking and Passive income characteristics.

Which meme coin has better long-term investment potential? – $DOGE or $SHIB

In the current bull market, Shiba Inu (SHIB) and Dogecoin (DOGE) are in the spotlight, fighting for dominance. Both coins occupy the top positions, with $SHIB at number 10 and $DOGE at number 8. The question arises: Can $SHIB dethrone DOGE?

Comparing the two, $DOGE boasts a higher market capitalization of $30.32 billion compared to SHIB’s $18.1 billion. However, $DOGE has a smaller circulating supply of 143 billion tokens, while $SHIB has a much larger supply of 589 billion tokens, albeit with limited supply.

Furthermore, $DOGE shows a significantly higher trading volume of $5.8 billion compared to SHIB’s $1.66 billion. Both have shown positive growth, with Dogecoin up 32% and Shiba Inu up 12% in the last 7 days.

In terms of social media presence, $SHIB surprisingly has a large following with 3.8 million followers on Twitter, slightly behind $DOGE with 3.9 million followers.

$SHIB has several advantages, including a passionate community evidenced by its largest social media following, continued ecosystem development with features such as a layer 2 blockchain and metaverse, and recent performance with a 200% increase. % in the last month compared to 100% of DOGE. increase.

Looking at the charts, Shiba Inu appears to be experiencing a surge, up 22% on the daily period after breaking a downtrend. On the other hand, Dogecoin has recently broken through resistance levels, indicating bullish momentum.

Shiba Inu Price Chart

The recent surge in Dogecoin price can be attributed to the upcoming Dogecoin Day, which marks its annual anniversary. Additionally, a pre-sale event called Dogecoin20 is contributing to the excitement around the cryptocurrency.

Conclusion

Elon Musk’s influence on Dogecoin cannot be underestimated. The billionaire businessman’s tweets often move the market, and his support for Dogecoin has been evident. However, it is worth noting that while Dogecoin has a strong community and a history dating back to 2013, its future as a viable payment method is not yet certain.

Shiba Inu, although newer compared to Dogecoin, has also gained significant traction. Its price has seen substantial gains, albeit with greater volatility. The cryptocurrency community is closely watching its potential to replicate Dogecoin’s success.

Considering the potential gains, Dogecoin has already demonstrated its ability to skyrocket in value. However, it remains to be seen whether it will be able to maintain this momentum and reach new highs. Shiba Inu, with its lower market capitalization and growing community, presents an alternative investment opportunity.

In conclusion, both Dogecoin and Shiba Inu have their advantages as investment options. As with any investment, thorough research and careful consideration of factors such as market trends, community support, and future developments are essential.

Whether one chooses to invest in Dogecoin, Shiba Inu, or both, the cryptocurrency market continues to offer opportunities for growth and innovation. For those looking for the best meme coins to buy In 2024, explore our comprehensive guide featuring the top options.

Could Dogecoin20 overtake $DOGE and $SHIB and be the next big meme coin?

Dogecoin20 (DOGE20) follows in the footsteps of previous dog-themed meme coins like Dogecoin and Shiba Inu. It’s about a ERC-20 tab Built on the Ethereum network, it offers a greener option compared to the original Dogecoin meme coins that use proof-of-work mining methods.

Earlier this week, Dogecoin20 successfully reached its $10 million mark. ICO objective, largely in anticipation of its expected listing on Uniswap. With just over three weeks until its open market debut on “Doge Day,” buyers have one last chance to purchase $DOGE20 at a price of $0.00022 via the project website.

Interestingly, the upcoming Dogecoin20 listing coincides with the upcoming Bitcoin halving event on April 20. This combination of meme coin enthusiasm and a major crypto milestone could generate speculative interest around the $DOGE20 token when it launches on the Uniswap DEX.

One of the standout features of Dogecoin20 is its betting mechanism. By staking $DOGE20 tokens, buyers can earn passive rewards. The betting offer, spread over two years, guarantees a constant flow of rewards for participants.

In the first year, a significant 12.5% ​​of the total supply is reserved for rewards, attracting early adopters to join the ecosystem. Currently, staking rewards are 82% APY for pre-sale investors. Dogecoin20 pays homage to the iconic Dogecoin and adds a new twist.

Its proof-of-stake mechanism provides a more sustainable option compared to coins like Dogecoin. As Dogecoin and Shiba Inu continue to rise and bullish sentiment spreads throughout the crypto market, the timing could be perfect for Dogecoin20 to have a successful listing.

To participate in the $DOGE20 pre-sale, visit dogecoin20.io.

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