Is Shiba Inu Coin a better investment than Dogecoin?

[Novice08091]

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.
I’d be lying if I said I never owned any. But just a few dollars here or there. These aren’t serious projects for real investors. And they probably won’t be around in the next 10 years.

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[jackg]

And they probably won’t be around in the next 10 years.

Doge probably will, that's the only one I know a bit about though... It was always a meme coin and I think it'll probably stay.
It likely won't stay where it is now (compared with bitcoin especially) but I think a lot of people that have maintained the network until this point have just been doing that as a bit of fun too. They had quite a long blockchain compared to everything else a while ago too (I think I remember an order of: eth, btc, doge in length a few years back).

[tulusikhlas]

For now after achieving ATH from Doge, it looks hard to get up and give a quick profit. As for Shiba you can still have a few percent profit that can be utilized from the ongoing Hype. But you also have to be careful if you play fire with meme coins. Because all levels of dump and pump are relatively very fast. Use the profit calculation according to your expectations and avoid market greed.

[harizen]

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.
I’d be lying if I said I never owned any. But just a few dollars here or there. These aren’t serious projects for real investors. And they probably won’t be around in the next 10 years.

You already mentioned some reasons why you shouldn't consider putting money on them so why still choose between those? There are other precious gems that are worth risking your money compare to those. If you really preferred them to be on your portfolio list, risk some money buying them and just hodl to death and consider that as a loss. Pray that in the future those coins will be hyped again.

But for me personally, those coins are not worth to hodl for long. As I mentioned, there are other worthy coins out there with a proper DYOR. Don't be drive by the speculation that either SHIB or Doge will be worth over $1, for example, in the future even there's a chance according to their solid followers. If it will happen, then good for you and congratulations. Just don't expect.

[Zilon]

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.

It's value is not really about it's usefulness it's about how much investors are willing to hold and how much is in circulation. Both coin would definitely survive the next 10years going by the constant hypes these coins gets. Although it's a bit risky investing much on these two coin but if  you could afford the risk buy more that's what I do with my spare or reserved fiat

[mexite]

The cryptocurrency industry is really crazy with some practically useless coins/tokens getting insanely high. It all bears down to community support. Doge has come a long way since it was forked from Bitcoin. Shiba Inu rode on its wave to prominence.

If Doge have survived 8 years since inception, I believe that it will still persist, likewise Shiba Inu. Community belief is instrumental to the success of a good project, and both Doge and Shiba Inu have got that.

[goinmerry]

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.
I’d be lying if I said I never owned any. But just a few dollars here or there. These aren’t serious projects for real investors. And they probably won’t be around in the next 10 years.

It's funny to see if there are people who buy these coins because of use-case. It was traded actively in the market only because of the opportunity of taking profits in the short term since the coin was a speculative coin. There are traders who like to test their skills trading at those types of coins.

I can't consider putting money there as a worth investment. If it's about investment, there are strong coins to choose from. Only trade these meme coins due to their hype and active volume where profits are always possible.

[AmoreJaz]

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.

It's value is not really about it's usefulness it's about how much investors are willing to hold and how much is in circulation. Both coin would definitely survive the next 10years going by the constant hypes these coins gets. Although it's a bit risky investing much on these two coin but if  you could afford the risk buy more that's what I do with my spare or reserved fiat

how sure are you that these coins will survive for another 10 years? maybe, i can believe with doge's survival but with shib? i don't think so. once this meme hype is over and gone, what do you think will be the future of shib? most hypes die down in just few months to years time.
but the situation may be different with doge as it has been in the market even before this hype was born. doge has been used mostly for transfer purposes because of its cheap fees. however, the situation now may be different.
if the hype dies down, i believe, doge can survive but with all the other meme tokens, hard for them to sustain its existence. just my opinion here.

[David Mcay]

Yes Shiba Inu is better from my point of view they are launching recently Shiba swap and this kind of more projects this year. but These aren’t serious projects for real investors there are many projects you can invest in.

[poodle63]

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.

Agreed but speculative asset can't be considered as use case. People are buying those coins are only to get the capital gain and no more. The use case should always be related to the usefulness of token for something that gives benefit to the its holders or users other than capital gain.

I’d be lying if I said I never owned any. But just a few dollars here or there. These aren’t serious projects for real investors. And they probably won’t be around in the next 10 years.

Your statement was correct but it seems like the development of shiba is quite active compared with doge coin. Doge has no utility usage but remember shiba build in ethereum platform. It's a bit different caused by the shiba developers can create defi or a new product to be used for shiba token. This will be adding more life time for shiba inu but both were speculation assets at this moment.

[bakasabo]

I think a lot depends on in what time frame you compare. First of all Shiba Inu appeared thanks to Dogecoin. Right now, Dogecoin seems to be forgotten by everyone, while Shiba Inu get pumps from time to time. But, Dogecoin has sort of a reputation and a decent marketcap. Shiba Inu can easily disappear or drop a lot of positions in top when another meme coin appears or Elon tweets something new.

My opinion will be that Shiba Inu is way more risky investment, while Dogecoin is a better long term investment. But personally I would not invest in them, as their growth is connected with pure luck only.

[Maestro75]

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.
I’d be lying if I said I never owned any. But just a few dollars here or there. These aren’t serious projects for real investors. And they probably won’t be around in the next 10 years.

How will you know that they will not be around in the next 10 years? Shiba can even turn to $1 by then from the way it is rising now. Just take a look at the numerous exchanges that have listed it and you will understand that it is not a coin with unserious team behind it. But if am to choose between  it and dogecoin, I will choose Doge anyway. Because Dogecoin has a history of been there for years in cryptocurrency and it is not going to disappear. When we look at it very well we can realize that we do not even need 10 years to make profit on an investment. How many people wait that long to take profit.

[slaman29]

OK so no new opinions here but I just have to say that the strange thing for me is Elon Musk isn't being punished for his involvement in pumping all of these memecoins.

Remember when people speculated that he was anti Bitcoin because the SEC didn't like him supporting him?

Well it doesn't then explain why he's Doge here, Shiba there, and et cetera.

[susuberuang]

Yes Shiba Inu is better from my point of view they are launching recently Shiba swap and this kind of more projects this year. but These aren’t serious projects for real investors there are many projects you can invest in.

Shiba is only interested for a moment and is not prioritized for the long term, so there is no need to force the will to own Shiba in the long term, because such projects will always exist in the future with the same hype.

[Maestro75]

OK so no new opinions here but I just have to say that the strange thing for me is Elon Musk isn't being punished for his involvement in pumping all of these memecoins.

Why do you think he should be punished when no case has been established against him that he manipulated the market. Elon is an investor like every other investors and all wealthy investors have the tendency to pump and dump whenever they sell or buy because of the large quantities they do. Are we going to hold anyone accountable for buying and selling what belongs to them just because we do not like them? If we look at this truthfully we see that Elon is a businessman like many others and business people are in business to get profit. I do not think he has done anything wrong.

[danherbias07]

Bought like 60 dollars worth of Shiba Inu back when it is still at a low price. The time when Bitcoin was also dumped by Elon Musk.
Kept it for like 2 months with around 4M amount of Shiba Inu coin but I recently sold it already. Right now, that's all we can do, take advantage of the price fluctuation and make profit out of it.
You said it, the project won't last because there is nothing there, it's a blank project actually. We don't need to keep it for long term investment but instead make the most out of it while it last.

[terciduk123]

Both are the best meme coins and are already traded on Coinbase. Even coins with real projects are not necessarily tradable on Coinbase. It looks like both will have a long life as they already have a strong community and a very large trading volume.
I can't say Shiba Inu is better or worse than Dogecoin, because both have their advantages and disadvantages, but both are worth buying when corrected.

[Jackl87]

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.
I’d be lying if I said I never owned any. But just a few dollars here or there. These aren’t serious projects for real investors. And they probably won’t be around in the next 10 years.

I basically agree with you on all the points that you are saying except for one. I am pretty sure that Dogecoin will still be here in 10 years and also in 20 years. I mean if you take a look then you will realise that dogecoin is already around for almost 8 years now and if you look at the price devlopment then you will see that it was never more successful than in the last 6 months, so i don't see a reason why Dogecoin should not still be there in a few years. That being said i totally agree with you, that those projects offer zero use case and i also think that they are harming the whole crypto market overall. I mean which investor can take cryptos serious if there are still launching dozens of new meme-coins every day for the last few months now and 99% of them are completely dead within a few weeks.

[masterrex]

Neither of these projects have a valid use-case. They are meme-coins. Speculative gambling at best.
I’d be lying if I said I never owned any. But just a few dollars here or there. These aren’t serious projects for real investors. And they probably won’t be around in the next 10 years.

I agree with you Mate, but I think we just leave the decision to every one of us because it's our prerogative to participate and invest in the platform that we think we can grow our money then and Shiba Inu and Dogecoin are both the same they are both meme coins so why we should compare them, IMO, both are good for the short term but just make sure you are aware of the risk accompanied in it. 

[mu_enrico]

In this pump-and-dump sphere, buying these coins isn't considered an investment, but more of a speculation. So your question would be "Is SHIB a better speculation than DOGE?" well, maybe! This coin may get pumped harder than DOGE, but it doesn't mean it is an investment since I even think that DOGE wouldn't be exist in the next 10 years, let alone SHIB which has no purpose, no utility, nothing. Only used as a meme and pump-and-dump at best.