Shiba Inu vs. Shiba Inu Dogecoin: Which coin performed best in April?
Shiba Inu and Dogecoin are two of the top meme coins in the cryptocurrency market. Both cryptocurrencies have had a rough week but are expected to climb higher from the end of March into April 2024. As the month comes to an end, many market watchers are keeping an eye on both cryptocurrencies and wondering if Shiba Inu or Dogecoin will perform better next month.
At press time, SHIB was trading at $0.00002701. DOGE, on the other hand, is trading at $0.1528. Dogecoin outperformed Shiba Inu on Thursday, but as for April, things may be a little closer.
Shiba Inu vs Dogecoin: Which one will come out on top in April?
In April, market analysts were bullish on DOGE and SHIB, but holders will always compare the two to see which one is the better investment.
According to CoinCodex, Dogecoin (DOGE) may drop to $0.117764 on March 31, 2024, which would be a drop of approximately 10.6% from current levels. Additionally, the platform expects DOGE to consolidate around $0.11 for most of April 2024.
Shiba Inu prices, on the other hand, could hit $0.00004 by the end of March, depending on the overall market. SHIB’s biggest price surge came after BTC hit new highs during its rush towards $73,000. However, if the market proves bearish, SHIB is unlikely to reach that level by the end of March and could climb significantly higher in April.
Additionally, the upcoming Bitcoin halving is expected to drive gains across the cryptocurrency market, including DOGE and SHIB. Both coins are likely to benefit from price increases again, but trading volume may prove to be the deciding factor in which coin comes out ahead. Whichever currency has the most volume may be more important than price in ending the debate.
In the past few months, Shiba Inu has definitely outperformed Dogecoin, not in terms of price, but in terms of trading volume and interest. This trend is expected to continue in April. However, both coins are currently trading at lower levels compared to early 2024.
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