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Better Meme Coin: Shiba Inu vs. Dogecoin

TheMotleyFool

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Better Meme Coin: Shiba Inu vs. Dogecoin: https://g.foolcdn.com/editorial/images/781903/shiba-inu-dog-doge-dogecoin.jpeg

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) were both initially created as parodies of other coins. Dogecoin was launched as a parody of Bitcoin (CRYPTO: BTC) in 2013, and Shiba Inu was created to poke fun at Dogecoin in 2020.

Dogecoin and Shiba Inu were both dubbed "meme coins" because they were both named after the popular "Doge" meme which featured a Shiba Inu dog. Many investors initially dismissed them as jokes, but they've both generated massive gains.

Image source: Getty Images.

Source Fool.com

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