Shiba Inu vs. Dogecoin. Who is the Lead Dog of the Pack?

[Michael_Selge_239]

According to the quarterly report of CoinGecko, during this period, the cryptocurrency showed a colossal yield of 11,566,501%. Despite the fact that SHIB is not included in the top 5 cryptocurrencies, at the end of the quarter it surpassed DOGE. This article compares the various value propositions presented by the Shiba Inu coin (SHIB) and Dogecoin (DOGE). We explain the key features of two cryptocurrencies, their history, idea, and their investment potentials in the future.

What is Dogecoin?
Dogecoin is a decentralized network for performing payment transactions, with open source code. It is the result of a fork of Litecoin. DOGE functions based on the Scrypt technology. It has unlimited emission, and fast transaction processing speed (it takes only a minute to add a block).

As of July 2021, the coin is in the top 10 by market capitalization ($21,604,889,877), and the cost of one DOGE is $0.1654. DOGE is one of the best cryptocurrencies for mining. Its active and dedicated community widely uses coins for conducting financial transactions and also uses DOGE to raise funds for charitable purposes.

What is Shiba Inu
Shiba Inu is a decentralized ecosystem based on the Ethereum blockchain that is completely controlled by its community. The main functions are the exchange of digital assets, the NFT marketplace, and passive income tools. SHIB is an ERC-20 standard token with a limited issue of 1 quadrillion.

In July 2021, value of SHIB is $0.000005801, with a market capitalization of $2,286,443,703. According to the creators, they deliberately set a low cost, so that everyone could buy millions of coins, and earn a fabulous profit on a seemingly insignificant price increase.

The team is trying to create an ecosystem consisting of several coins (LEASH, SHIB, and BONE), a decentralized exchange (DEX) known as ShibaSwap, and a dynamic community. SHIB is a service token of the ecosystem. LEASH (“DOGE Killer”) was created to hedge the value of DOGE, as well as a reward for holders who provide their liquidity. BONE plays a vital role in the main ShibaSwap DEX protocol, and allows you to earn money on staking.

Differences between Shiba Inu and Dogecoin
Although both coins have similar characteristics: they use Shiba Inu as their mascot, are decentralized, are actively used in community circles, and also participate in charity fundraising events. Still, they have different basic characteristics, which are important to examine:

So we see that although SHIB and DOGE are direct competitors, they are essentially completely different. It should be noted that Dogecoin is a fork of Litecoin. While SHIB operates on the basis of the Ethereum blockchain. In addition, the limited issue played into the SHIB's hands, and the fact that the project is switching from PoW to PoS consensus is well accepted by many investors. However, Dogecoin has existed since 2013 and over the years has managed to earn a good reputation and enter the top best cryptocurrencies. The reason for such a stunning success of Dogecoin is often called the fact that such a global influencer as Elon Musk actively supports the project in his Twitter. After a series of tweets that DOGE is his favorite as well as the people's cryptocurrency, the asset's quotes soared to the skies.

At the same time, SHIB also has a kind of patron in the form of the well-known Vitaly Butyrin. The SHIB team sent about 40% of its assets to Buterin. He, in turn, refused such a gesture and burned 90% of coins, sending another 10% to charity. Thus, the attention to the currency was extremely high. Since a considerable part of the tokens is burned, and the issue of SHIB is limited, this had a favorable effect on the price of the asset.

Where to buy Dogecoin and Shiba Inu?
On July 6, 2021, the decentralized exchange platform Shiba Swap was launched. The platform offers users to exchange tokens, as well as to deposit SHIB on stacking. The website presents various ways in which Shiba Inu holders can receive rewards for placing their SHIB coins on the platform. This was followed by the release of two new tokens: LEASH and BONE. These tokens were not available for purchase before the launch of ShibaSwap DEX. Therefore two questions arise: 1) Where to trade doge; and 2) Where to buy shiba inu.

Both SHIB and DOGE cryptocurrencies have high liquidity and are traded on most large and reliable crypto exchanges. The best exchanges for buying or selling these coins according to CoinMarketCap are:

Binance – one of the most liquid platforms in the world. Spot Trading, P2P, OTC, futures trading with leverage up to x125, margin trading, etc. are available.
Huobi – a multifunctional and multi-currency platform, with a pleasant and intuitive interface. The same fees of 0.2% for makers and takers.
OKEx – a well-designed and easy-to-use crypto exchange, works with both crypto and fiat currencies. Quite low fees in this market segment.
FTX – crypto exchange for spot trading, derivatives with leverage up to x110. A specialized liquidation system significantly reduces the risk of losses.
Crypto exchanges provide users with a wide range of financial instruments, which, along with a complex design, can confuse an unprepared trader. Therefore, it will be convenient for beginners to use the services of a crypto broker:

7b - is your guide to the world of cryptocurrencies, with the most pleasant and convenient interface, useful trading tools, and reasonable fees.
Always remember that investing in any cryptocurrency is an extremely risky venture - you may know how to buy doge and how to buy shiba inu coin, but you should also know how to earn on it. And such meme-currencies, which are supported only by hype, can both make you rich and ruin you. So be extremely careful in your calculations and investments, and do not invest more than you can afford to lose.

Our dog friends
Since the launch of Dogecoin in 2013, the process of creating cryptocurrencies has become noticeably easier, and therefore new meme tokens could be created every day and become known if they were somehow connected with current events or major influencers. So, in addition to SHIB and DOGE, there is already a whole family of dogs on the crypto market:

Papa Doge – the developers claim that the project is the first meme token with real use cases. The token is characterized by high security, full decentralization, and full BEP 20 compatibility.
Mama Doge – according to the developers, the young project aims to protect and give home to homeless dogs. The coin is deflationary and is completely managed by the community.
Baby Doge – according to the developers, BabyDoge is a DOGE child who has learned the lessons of his father. Altcoin belongs to the category of deflationary assets, and it is based on the principle of smart stacking. According to the creators, token owners will earn money not by speculating, but by accumulating.
Dogelon Mars – one more interesting young project, which is a fork of DOGE. According to the developers, it has two goals, namely to help victims of fraud, and also to become the currency of Mars.
All these cryptocurrencies do not carry a fundamental novelty, but are simply used in narrow circles and are hyped at the expense of the progenitor.

FAQ
Is Shiba Inu coin better than Dogecoin?
There is no clear leader in this battle. Both coins use a Shiba Inu meme, both are hyped, both are used for charitable purposes. DOGE is supported by such world celebrities as Elon Musk and Mark Cuban. At the same time, this also affects Shiba quotes. The advantages of the latter are the limited issue and their DEX, in which tokens serve as a bridge.

Will Shiba Inu beat Dogecoin?
DOGE has been trading on the market since 2013 and has already managed to gain the trust and recognition of the community and celebrities. At the same time, SHIB quotes have increased significantly over the year, largely due to hype and confusion on Elon Musk's Twitter. It is not necessary to exclude the possibility of a Shiba victory, but still the project is too young and has not yet fully recommended itself.

What is Doge and Shiba?
Doge is some progenitor of the meme cryptocurrencies. And SHIBA is probably the most successful project of the followers. Despite the similar concept, use cases, and idea, they have different basic characteristics and function on the basis of different blockchains.

Can a Shiba Inu hit $1?
The one dollar goal is extremely cloud-based for the SHIBA project. There is a better chance of achieving it if most of the tokens are burned. However, if the growth continues at this pace, then by the end of 2021 SHIBA could reach such a mark. Still, according to Market Realist, quotes will be able to reach $1 by 2025, provided that the price will grow by 20% per month.

Is it worth buying Shiba Inu coins?
Yes, SHIB is a profitable long-term investment, given the growth indicators over the past year. If the project adheres to its strategy, the potential growth for the year will be +102.32%. In addition, SHIB coins are very cheap, so you can safely invest some of your free funds in their purchases and earn money on increasing the price.

What does Doge stand for?
First of all, the Dogecoin project was created for ordinary people. It was planned that it would be really useful to everyone and, most importantly, affordable at its price. DOGE is currently used in many industries. Its main purpose is to conduct various charitable collections. Also, this coin can be used by users to transfer their funds on P2P basis, exchange for other cryptocurrencies (or for withdrawal to fiat money), purchase goods on the Internet, pay for services, etc.

Conclusion
When investing in SHIB or DOGE, it should be remembered that their value is not based on any fundamental principles, but on the mood of the crypto market and attention from world famous personalities. For example, on July 9, 2021, in just two hours, DOGE quotes increased by 14%, after a tweet by Elon Musk, where he expressed his opinion about the advantages (fast transaction speed and low fees) of his favorite cryptocurrency over such giants as Bitcoin and Ethereum. But as can be seen from the history of the price rate, SHIB is also not far behind. The cost is increasing quite steadily. And with the launch of its decentralized exchange (ShibaSwap), the project has a chance to refresh its all time high.

To date, it may seem that investing in DOGE entails less risk of losing your funds, since it is more widely accepted and reliable. But at the same time, SHIB quotes are growing rapidly and the coin is extremely cheap, so there is more room for maneuver.

Original source - https://sevenb.io/blog/shiba-inu-vs-dogecoin-who-is-the-lead-dog-of-the-pack/

[ninkdwi]

Neither of them can guarantee, for now, all back to The King BTC . And you're still busy with shitcoins it's clear they've seen what it's doing to the market. SHIBA and DOGE only destroy market conditions. Taking advantage of influencers and investors to attract a large number of fans, after that, being framed for exile, do you still want to stick with the whole charade?

[Maxine4466]

These are the so-called pure social marketing coins. It has absolutely no role of its own and will not bring any innovation to the encryption world. Of course, when a certain richest man is marketing them, we have to pay attention to their growth. So there is no king, the masters behind them are the real winners.

[bitkanu]

Another marketing for meme coins. Those coins were dog coins and there are no differences lol. They were doing the same and this time they are eating each other. there's no dog that can lead the dog market.
They were only pump and dump coin. They have no strong fundamental.
They have no innovation nor usability. Totally overrated coins at this moment full with pump and dump

[masterrex]

I think it is an overrated statement, why only Dogecoin and Shiba Inu? there are too many meme/joke tokens out there? by the way, I'm just asking.
IMO, I believe that both meme coins/tokens are just instruments of a pump and dump scheme, If someone tells us that he manages to earn a profit out of it, I believe that's true, but I also believe that more people are losing money behind compare to those who earned profit from those meme coins. thats why be cautious as always.

[lousie9]

if we look at 7b " The developers of the project are trying not only to reproduce Dogecoin, but to become its "killer".
I am very interested in these words is it possible that shiba coins can kill doge coins?
I think this token is only for pump and dump for now but we can't just judge it by that because the project is still running, and maybe in the future many hope that the shiba token can be like the current doge and if this happens then this will be a new history.

[passwordnow]

Less risk for Dogecoin? I guess nothing has changed whether you invest in any of them. The risk is still there and you're into meme coins which can be manipulated easily by people like Elon.
Before, it was seem to be a good coin at all when nobody talks about Dogecoin as it's just as steady as it was before. But Elon has found some meme to talk to with this coin.

[kaseygriffin]

It's exciting to see competition in the dumbest trend I've come across with this market, both to me are bubble generators, but I think everyone admits doge coin and shiba are both equally dangerous. So I don't want to think about what's better than what's bad.

[Dave1]

It's very obvious that Dogecoin is the leader of the pack, after all it has been promoted by Elon Musk and he is the one responsible for the coins massive surge in the last couple of months and many people bought the hype around it.

As for Shiba Inu, I would say that this is another pump and dump coin, or simply meme coin. It's good while it last, in my opinion.

[bluebit25]

Doge coin still has a completely better position than shiba, even though both of these coins are meme coins, they have also created a certain amount of buzz in the market. But IMO, this meme trend is not positive for the market, as we see a shitcoin dump that this trend creates.

[TastyChillySauce00]

Although SHIB looks rather promising with its NFT market and swap but its actually can be considered a generic feature nowadays. Meanwhile both coin as you said hugely depend on the market mood and famous figure like elon. both are just coin thats highly used for speculative purpose which I usually avoid. However,  doge seem to be leading the meme coins craze since its mostly hyped up and discussed widely until today, shib could be said to be as popular as doge but most of people still think doge as the leading meme coin.

[john1010]

Thay are both meme and shitcoin, but as per you title wants to emphasize, I will chose doge because we've saw that in the past few years, doge survived the basher and haters and also doge survived the market competition.

[Nora Olin]

Both Dogecoin and Shiba Doge are tokens, and they are both conceptual coins because of Musk's fire. Dogecoin is a culture of charity and cuteness, and Shiba Inu is a culture of equality. What is clear is that if Musk abandons them, they will be beaten back to their original form.
From an investment point of view, the risks of the two are actually the same, and they all depend on the degree of speculation that has been blessed by the bigwigs.
If I had to choose, I would choose Shiba Inu, because Shiba Inu's currency value is relatively small and there is an expectation of growth.

[Robinson66]

Although it is possible to invest in Dogecoin and Shiba Inu coins to make money, this kind of investment is very risky, and they did not say which one is ranked first, because they are all speculative coins, and you can make a profit when you need to buy and sell them. However, you are more likely to lose all or most of your investment.
You may be more optimistic about Dogecoin, because the richest man Musk is the promoter, and Shiba Inu is a mascot and everyone buys it. I think there is no first or second between them. Be careful not to lose all your funds because of greed.

[bakasabo]

For me it does not matter who is the lead dog among Dogecoin and Shiba Inu, because the real leader is always Bitcoin.
It is impossible to tell the lead dog among those two, because one spawned another. One is the consequence of success of other. They are completely different, yet both are identically useless. They are like burgers from McDonalds and Burger King. The recipe is different, but in general they are both burgers.

[JillianTaft]

After Musk shouted, many people began to pay attention to Dogecoin, but the value of Dogecoin is much more than that. Some people may think that Dogecoin is an air currency. Now let's take a look at Dogecoin that everyone trusts. Its position in the currency circle is not inferior to old coins such as Polkadot.
The function of Shiba Inu Coin is similar to that of Dogecion's copy. Shiba Inu also occupies an important position in the market. It can enter the top 20 altcoins in a short period of time and be listed on the Binance Exchange. His growth may be obvious.

[junkerr]

Thay are both meme and shitcoin, but as per you title wants to emphasize, I will chose doge because we've saw that in the past few years, doge survived the basher and haters and also doge survived the market competition.

we already know how dogecoin survives in a tough market. and also we know the journey of dogecoin to reach the big market. amazing community until it is listed on the top crypto exchange.
Shiba is not bad. but we know this coin is too new. for now, indeed the hype is going on for the Shiba market. but when the journey is long like dogecoin, we will see a dog sitting parallel.

[mobtc]

In my opinion, Dogecoin is still relatively popular. It has a very long history and has helped many people get rich, but now I think that these animal coins are outdated.
What is popular now is the game-related virtual currency of the NFT series.

[aemma]

There are indeed many Meme coins or Dog tokens in the crypto space of which the first is Doge coin and it was the hype of Doge coin that caused the creation of a good number of them and while some like Doge and Shiba Inu are still standing and somewhat relevant, others are either struggling or gone.
Now talking about the lead Dog coin, I would say Doge coin, the reason is clear, it started the trend, survived many phases, and was later backed by a prominent person who drew attention to it, of which the attention made people to buy and the price skyrocketed. Shiba Inu on the other hand, is also good but kind of banked on the hype of Doge coin, thus I can give the second position, at least the community also are active and strong.

[asriloni]

Personally I am not attracted to either of them, I find this craze of replicating token memes absurd and I hope it does not go back to being a trend of the next bull market.

I hope so lol and so many dumb people have been getting big lose caused by the pump and dump that happened on it. Shiba will not exist without doge coin but this trend was totally a useless trend.
So many scammers were appearing caused by this trend. I hope these meme coins will be dead soon.
No usability and it brings only more and more speculators