Dogecoin and Shiba Inu, the two sensational meme coins, have taken the cryptocurrency sphere by storm. As of October 20, 2023, Dogecoin is trading at $0.0599, whereas Shiba Inu stands at $0.00000693. However, a deeper dive reveals more about their true nature and potential. Let’s delve into the details!
Dogecoin: The Original Meme Pioneer
Having surfaced in 2013, Dogecoin boasts a market cap of $8.47 billion. It remains a mineable coin with a dedicated community, although its value has declined by 3.90% over the last 30 days.
Shiba Inu: Redefining the Meme Narrative
Having made its debut in 2020, Shiba Inu has accumulated a market cap of $4.08 billion. Setting itself apart from the conventional meme coin status, Shiba Inu is actively engaged in layer 1 projects and has launched its decentralized exchange, ShibaSwap.
Points of Distinction
While Dogecoin thrives on a devoted community and endorsements from notable personalities, Shiba Inu is distinguishing itself through the development of ShibaSwap and its transition to layer 1 initiatives.
Both coins offer unique investment prospects. Despite its established position, Dogecoin has seen a decrease in its value. In contrast, Shiba Inu, though relatively new, has shown promise with recent progress, reflecting a 3.35% increase in the last 24 hours.