In the crypto market, the most popular meme coins have skyrocketed in value within a remarkably short period of time. Shiba Inu (CRYPTO: SHIB), for example, is now up more than 300% over the past 30 days.

In a single 24-hour period, it was up more than 45%. Even with these incredible recent gains, Shiba Inu is still trading 50% below its all-time high, leading some investors to think that it could have plenty more room to run.

That might be the case, but I'm still buying Bitcoin (CRYPTO: BTC) instead. Yes, you can argue that Bitcoin is also overheating as it hits a new all-time high, but there are three fundamental factors that make it a much better buy than Shiba Inu.

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Source Fool.com