Happycoin.club - As the summer of 2024 approaches, investors are taking a closer look at promising options in the cryptocurrency market, especially when it comes to popular meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB).
Both digital assets have attracted significant attention due to their dynamic communities, pronounced volatility and growth trajectories. However, current market conditions have investors wondering which of the two meme coins, Shiba Inu or Dogecoin, will perform better.
To clarify the situation, the artificial intelligence tool ChatGPT-4o was used.
ChatGPT-4o: Shiba Inu (SHIB) is the best investment option in the summer of 2024 So, ChatGPT-4o chose SHIB. Here again, AI has highlighted the focus of SHIB, which signals the development of an ecosystem with multiple use cases that are expected to strengthen the viability of the asset in the long term.
The support of SHIB by its community, coupled with potential price appreciation, makes this asset an attractive investment for investors seeking significant returns.
Key characteristics of SHIB that speak in favor of investment in the summer of 2024. Source: ChatGPT-4o
SHIB and DOGE price analysis SHIB and DOGE price analysis. Source: TradingView
DOGE is currently trading at $0.1518, up 67% year-to-date, while SHIB is valued at $0.00002407, up 132% year-to-date.
DOGE may also be a better option for investors looking for the short-term profit potential that comes from the coin's popularity on social media, as well as relative stability as the asset's higher liquidity and market capitalization protect the token from extreme volatility.
SHIB, in turn, may be more attractive to those seeking higher earning potential and long-term value.
It is also a wise strategy to diversify investments between both assets, which allows you to reduce risks and benefit from the strengths of each coin.
The stability and immediate appeal of DOGE, combined with the promising growth potential of SHIB, can help create a balanced and sustainable cryptocurrency portfolio for the summer of 2024 and beyond.
