💥💥💥 Pundit States Why #shibaInu is Greater Than #Dogecoin
The analyst supports Shiba Inu over Dogecoin, citing three main reasons. Firstly, SHIB is listed on all major exchanges that also support Dogecoin, such as Binance,
KuCoin, Coinbase, OKX, Bybit, Kraken, and Gate.io. Secondly, SHIB tends to experience significant rallies after breakouts compared to DOGE, despite having a similar market presence. Lastly, SHIB offers traders cleaner exit points, implying a more stable market condition.
Rivalry Between Dogecoin and Shiba Inu
- Shiba Inu, dubbed the "Dogecoin Killer," has emerged as a significant competitor to
Dogecoin since its launch in August 2020. The SHIB ecosystem intensifies this rivalry with tokens like "Doge Killer" (LEASH). While both started as meme tokens, Shiba Inu has transitioned into a utility project with initiatives like Shibarium, Shiba Eternity, SHIB: The #metaverse , and Shiboshi.
Additionally, Shiba Inu's development team is working on a #Layer3 privacy network. Despite fewer projects, Dogecoin garners support from figures like Elon Musk, contributing to its market cap of $22.9B, surpassing SHIB's $14.17B valuation.
Dogecoin's market cap makes it the top-ranking meme coin, with DOGE trading at $0.1584 and SHIB at $0.00002404.
Remember, investing in #cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research.
Source - thecryptobasic.com
