Hey, do you want to know who is the best among Doge and Shiba Inu? Well, both are meme coins with the potential to generate profits for investors. However, when comparing the two, Dogecoin is an older and more trusted coin, thanks to its dedicated followers and holders in the market. On the other hand, Shiba Inu made its first appearance in 2020 and has been rapidly expanding its reach due to internet and social media hype.
Shiba Inu, like Dogecoin, is a meme coin that emerged in 2020. These two coins have often been compared since they share similarities. However, Dogecoin remains the reigning king, much like Jack Sparrow in Pirates of the Caribbean.
Dogecoin embarked on its journey alongside several other initial cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Blackcoin, and Ripple.
Doge and Shiba Inu: Meme Coins
Do you know why Dogecoin and Shiba Inu are called memecoins? The reason is their increasing popularity on social media platforms, where meme posts and podcasts have played a significant role. Twitter, in particular, has been a key platform that helped Dogecoin gain popularity among people.
What is a Meme Coin?
Meme coins are usually created for fun and jokes and sometimes feature popular memes from the internet and different social media platforms. Despite their seemingly unserious nature, some meme coins have experienced tremendous growth in value, making investors very wealthy. Once investors recognize the potential of such meme coins, they become the first buyers whenever new meme coins hit the market. These coins increase in value due to internet hype and social media attention. However, achieving success in this requires a deep understanding of internet culture and the cryptocurrency market.
Shiba Inu coin
Price History of Shiba Inu Coin
Imagine if you had invested $1000 in Shiba Inu in September 2020. Take a look at the table below to see the full price history:
| Month/Years | Price |
|---|---|
| Sep 2020 | $1000 |
| Nov 2020 | $2 |
| Jan 2021 | $2 |
| March 2021 | $42,553 |
| May 2021 | $3,382,978 |
| May (high) | $74,468,085 |
| July 2021 | $17,808,510 |
| August 2021 | $16,638,297 |
By examining the table above, you can get an idea of the potential that a meme coin like Shiba Inu can bring you over time.
Both Dogecoin and Shiba Inu are considered to be the best coins among memecoins. They drive the enthusiasm of millionaires who are eager to hold them and are willing to buy even at higher trade fees to acquire small amounts of these coins. This is because they are well aware of the potential profits these coins can bring, especially in the early stages.
