Is Shiba Inu Coin a better investment than Dogecoin?

[finaleshot2016]

In terms of use-case, Dogecoin is far superior to Shiba Inu currency because it is accepted by a much larger number of merchants.

Shiba Inu is just another meme coin with no use-case and I'm sure no or just a few merchants take it as payment. Both of them increased solely due to hype, as a result of Elon Musk tweeting about it, and I believe it is not worthwhile to buy in either currency unless there is a hype about it.

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[Roidz]

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.

In the last few days the price of the shiba inu has experienced a fairly large price increase in the market due to a tweet by Elon musk, frankly I'm a little sorry that I sold it some time ago before the increase occurred, nowadays many people are getting tremendous profits from the belief they hold the shiba inu and some even reportedly made a profit of more than $217 million with just $1000 of capital when they bought it at the beginning of the shiba listing in market.

[BuyingBitcoin]

The same demographic under 30 years old that bought GameStop and AMC stocks are the same demographic that buys NFTs, Dogecoin and Shiba Inu for years to come.

[adiebitsler]

The same demographic under 30 years old that bought GameStop and AMC stocks are the same demographic that buys NFTs, Dogecoin and Shiba Inu for years to come.

Can you confirm this for next year? because I'm still not sure about it at this point even though you've said it, because maybe next year he will find an excuse for something else when things aren't as expected.

[Moeda]

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'm not sure Shiba INU can survive like Dogecoin survived before. Dogecoin has gone through a long process, both in crisis market conditions and the previous bull run market. However, Shiba INU was present at a time when the market was improving, so the guarantee to survive well in the future was still questionable.

[mdzahed134]

If compared i think both of meme coins. Doge is surviving for long time if i am not wrong this coin back in 2013, So i think it’s have a bit solidity than shiba and a lot of major partnership and investors too. But still i can't predict about Shiba coin because it’s a new hype meme coin but there are no proper utility.

[Doell]

shiba reflects the doge of the past ,I hate to admit it but shiba is now more popular than the doge in the beginning ,maybe because the crypto population of society is growing nowadays ,well for the next 10 years the doge will still exist maybe shiba also because it is traded on many famous exchanges ,this coin are still there even until you are old ,because they are not real objects not food which can expire and do not live run on their own

[dupee419]

Frankly, Shiba Inu coin, in my opinion was built just to be another meme coin, though it doesn't clearly speak out its benefits, I think Shiba Inu can be better if they start improving their use-case, and comparing these two memecoins, I honestly think that DogeCoin will still be here 'til the next decade.

[Anguwa]

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 really thought about these projects, both dodge coin and shibainu coin as u said are meme coins, but nothing is impossible in cryptocurrency as any of this coin might be well in crypto and might have a great future. So nevertheless they might be dead in 10 years time and at the same time it might do well in future.

[examplens]

In terms of use-case, Dogecoin is far superior to Shiba Inu currency because it is accepted by a much larger number of merchants.

Shiba Inu is just another meme coin with no use-case and I'm sure no or just a few merchants take it as payment. Both of them increased solely due to hype, as a result of Elon Musk tweeting about it, and I believe it is not worthwhile to buy in either currency unless there is a hype about it.

at the moment, if we were to look through a percentage increase in value, Shiba is much more perspective than Doge. I don't think Doge can jump on 224.3% for a short time, like Shiba's last 7 days.
I am still holding some amount (currently locked on staking) and I'm waiting for an even more significant shift in value.
We should not be surprised if there is still significant hype around it.

[FulxilCoris]

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 would say that all we see is a market frenzy, but for coins like the Doge coin or the Shiba Inu it is a short-term coin and follows the passing of the hype. It is very important for me to invest in a worthy coin. I don't particularly like the short one, it's like a gamble. I think I should invest in long-term safe coins like: BTC, ETH, SOL, BNB, .... Currently BTC has recovered and I think this is my right choice because I bought it right away. BTC for $38k recently BTC price went up ~$58k that's amazing I think I made the right choice and here is a profit for that right choice.

[2double0]

Doge had been here for years, so there is a chance you may still see doge in the game even after 2 decades but shiba will not be in the list of any exchanges after some time. There are so many highly-inflated supply coins which were bought in parts of cents, and when they rise a bit, traders cash in on them at 10x or 20 and some also give 50 to 100x, but shiba gave 350x (correct this if it's not true) and these coins have no use case. Doge is only 'barking' in the markets due to Elon Musk's support, and he will be the only person who will tank this coin.

[bhooscream]

For me, both are the same, no coin is better. Since Doge and SHIB are meme coins, there is no strong reason to have this coin for a long time. The price can freefall at any time. But if you want to take advantage of the hype, just choose which coin that is hyped currently. Nowadays, SHIB is more hype than Doge because it has some good issues. But remember that it is a very high risk to follow the hype, better to use small funds there.

[blue Snow]

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.

True, we have enjoyed the market, if you are a trader who wants to get the profits there's nothing wrong with entering. We shouldn't be hypocritical because at the end of 1 or 10 years from now a purpose of those all is only profit. But what for aren’t serious investors bought 6000 Trillion Shiba?

https://www.whalestats.com/transaction/ethereum/0x98e569139490f5ab98df7acb1d372530ce79acd3c79a3bfaa730028fc81eb94c

[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.

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.

I don't think he should be punished. Look at the context of what I was saying

IF it was true that the US government forced him to say something bad about Bitcoin because he had been praising it in the past (according to the conspiracy theorists of course since his mining argument was nonsense), then they should also have stepped in when he promoted fake coins like Shiba.

I don't care what people do personally. Just saying I'm surprised the US government isn't using the opportunity.

[coinbitrade]

For me, both are the same, no coin is better. Since Doge and SHIB are meme coins, there is no strong reason to have this coin for a long time. The price can freefall at any time. But if you want to take advantage of the hype, just choose which coin that is hyped currently. Nowadays, SHIB is more hype than Doge because it has some good issues. But remember that it is a very high risk to follow the hype, better to use small funds there.

I recommend doing so only if you do not feel sorry for your money. Because it's a lottery, no more. But there are people who will win it

[blockman]

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.

Actually, Dogecoin has a valid use case. It's been accepted in many casinos and it saved a lot of fees when both bitcoin's and ethereum's networks were clogged.
But today, it has changed due to the description that it got as a meme coin but as one, there's no way that another meme coin will surpass it. If you're a meme lover, you've got to love Dogecoin or if you want, you've got to love both of these memes.

[meldrio1]

Well I can not say Shiba is better than doge because Shiba is new in the crypto market while doge existed for many years.. Shiba is increasing because of Elon Musk tweets, I don't know if it can survive for long just like doge. About investment, for me meme coins are not good for long term investments but only for short term investments I guess because meme coins are known pumps and dumps.

[domoy77]

I recommend doing so only if you do not feel sorry for your money. Because it's a lottery, no more. But there are people who will win it

The one who won it was also due to the luck factor, nothing more than that,
because playing like the lottery didn't need to rely on anything other than the luck factor in it.

[Strongkored]

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

It's possible, but it could also be the other way because in my opinion as long as the crypto world is full of manipulators and continues to seek profit with strange things they will still be there to fulfill the desire of speculators to earn profits by continuing to pump and dump.
This question arises because in the past few days the Shiba Inu has been pumped quite high, but just wait untill the holder asks when the price will return to the high and this will be asked by more holders with a small amount.
No one of both is better, both be still meme coin and uses by dump and pump group to gain profit.