Better Buy: Shiba Inu or Dogecoin?
In 2021, Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) exploded onto the cryptocurrency scene. Using the Japanese hunting dog, the Shiba Inu, as their mascots, both cryptocurrencies seemingly came out of nowhere and went on a run that turned some early investors into billionaires. The price of Shiba Inu has climbed more than 50 million percent this year (yes, that's not a typo), while the price of Dogecoin is up more than 3,300%. Which one is the better buy? Let's take a look.
Keith Noonan (Shiba Inu): In some respects, there are a lot of similarities between Shiba Inu and Dogecoin. Both cryptocurrencies currently function solely as currencies and speculative investment vehicles, which means they aren't integrated with a blockchain service network in the same way as Ethereum, Solana, and Cardano's respective tokens.
Both Shiba Inu and Dogecoin were started partially as spoofs on the cryptocurrency craze, and both went on to post fantastic gains thanks to meme energy and speculative investment frenzy. And, of course, both tokens have the Shiba Inu dog for a mascot.
Source Fool.com
