Is Shiba Inu Coin a better investment than Dogecoin?

[Cornia]

DOGECOIN and SHIBA INU are both memecoin. Their CoinMarketCap rank is 9 and 10. Their rank among themselves is changing from time to time. If one wants to invest in memecoin, one can choose between the two. However, it would not be right to invest long term here.

[nekorakoeora]

Doge, it took eight years to get this big although many were dismissive from the start for thinking it was a joke. Shiba was created to be a competitor of the doge, and in one year it became a threat even though it was considered a meme coin. But looking at Elon's tweet about the doge he's going to fly to the moon, I think doge is better.

[Rahman11]

What Dogecoin and Shiba Inu have in common is that they are both based on the small bear-like breed of Japanese dogs. Both have communities of loyal fans, supported by a culture of light-hearted memes and active social media channels.

Sadly, neither has a lot of real-world utility. You can use them both to pay for certain things, and Shiba Inu has a decentralized exchange called ShibaSwap (which is mostly useful for generating more SHIB-related tokens). But their lack of functionality hasn't stopped them from taking the crypto world by storm. Each has a similar market capitalization to a large multinational company.

[Abiky]

Just one single tweet from Elon Musk and Shiba Inu value would drop multiple times. Trust me. I am not series about future of meme coin either.
There is dogecoin, that been here about for ages. Shiba Inu is just half a year old. Appear suddenly, and can disappeared also suddenly. Shiba Inu is like "trade while its hot". Just a trend, that someday will be over.

You say that Shiba Inu will last for long period, 10 years. Only due to its large community? This community will migrate as soon a new trend altcoin will appear. Squid tv series and squid coin is popular now. Just sit and watch how it will migrate.

Exactly. "Meme" coins aren't meant to be taken seriously, since they were only created as a joke. They're speculative assets that could either go up or down in an instant. People are just into SHIBA INU because they believe it's going to become the next "Dogecoin". But it really doesn't work that way. They seem to be missing the fact that crypto is all about usability, NOT speculation. As long as a specific cryptocurrency is useful, it'll stand the test of time. Neither of the aforementioned coins have intrinsic value, so there's that.

I'm afraid SHIBA INU will die in the long run, as people move on to the next big thing in crypto. Only Dogecoin will survive because it's an old cryptocurrency with strong community backing. But rest assured it won't be worth as much as it is right now because of the reasons mentioned before. At least, there's healthy competition in the crypto/Blockchain space. As long as decentralization is prioritized, nothing else matters. Just my thoughts

[Yaunfitda]

This has been a debate for many weeks now.

But for me, there's no such thing as better investment, not in meme coins because they can simply die away in an instant. Someone mentions Squid? I think it has been dump hard as well after the people behind have make their money already.

Same is going to happen on Shiba, many wise investors are going to sell it off once they see that there's no more hype on this one, simply as that.

[JahriMeayer]

you already mentioned that those are meme coins, no use at all! People just putting their money on these because of fun.so It is tough decision if anyone think about those for long term. If ​we talk about shiba, its a brand new meme coin with big hype of this year. It has less possibility to survive till ten years, to me but on the contrary doge is surviving for long without hype, so it could be survive till ten year and could be better over shiba inu.

[letyouearn]

Shiba is a clone - secondary project if we compare it with Doge. Dogecoin is more predictable I think - it will hardly die in the nearest 5 years. And it's being pumped from time to time - so we can use this behaviour 

[AmoreJaz]

you already mentioned that those are meme coins, no use at all! People just putting their money on these because of fun.so It is tough decision if anyone think about those for long term. If ​we talk about shiba, its a brand new meme coin with big hype of this year. It has less possibility to survive till ten years, to me but on the contrary doge is surviving for long without hype, so it could be survive till ten year and could be better over shiba inu.

i have the feeling that sooner or later, shib will have a disappearing act also just like this squid game token. they are just surviving because even binance listed it. but what is the purpose of this meme token in the first place?
if you can't answer this simple question. then, you know, this token is not for long-term holding. if you are a holder, better cash out wile you are still in profit. because once the hype is over, for sure, this one will decline fast. and you will be holding worthless tokens for nothing.
whereas, with doge, even if the hype is over, we know, they will stay. they may go back to where they were but they will survive.

[otreza]

In recent days, many are disappointed in their investments in SHIBA, the robots triggered STOPs, positions in LONG are closed with losses. The managed coin behaves like this, a hype sets in, inexperienced players (not traders) enter at the highest price and sell 30% cheaper than they bought. Classic.

[Hovarda]

I think SHIB is definitely not a good investment for now. Maybe it can increase its price in the short term, but it needs a nice price correction. If I had to choose one of the two, I would choose DOGE.

[rodskee]

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.

What is the valid use of this coin aside from being a Manipulating tools of Elon Musk?  i see no future for this and any time will be dumped and that is what I am afraid of, actually our group of friends plans investing in this  but our doubt is there as we have no assurance if the price will continue to grow.

https://coinmarketcap.com/currencies/shiba-inu/

Look at it now while market is climbing , This meme coin is continues to fall badly.

[lepbagong]

I think SHIB is definitely not a good investment for now. Maybe it can increase its price in the short term, but it needs a nice price correction. If I had to choose one of the two, I would choose DOGE.

SHIB and Doge are actually coins with the same criteria, where some time ago SHIB impressed with a pretty good increase, but is currently experiencing a fairly high correction, this week it is Doge that has increased.

it seems that these two coins are constantly moving with each other to compete for investors who make them continue to move up. but indeed Doge is more profitable because the price is quite good compared to SHIB which is still looking for the best price.

I think what you say if you are asked to choose both, it is clear what you say is true, that you still choose Doge over SHIB. if indeed that is the choice, but if it is for investment, it is clear that both cannot be relied on.

Dogecoin is still in the top 10 circle as a very good cryptocurrency even though it's only memecoin, but for Shiba Inu at this point he's back out of the top 10 circle where with a drop of almost 15% already put him in 11th position, so Shiba just to just not for the long term.

That's right, this week's Doge is quite good and made a pretty good price increase so that until now it is still in the top 10 position on CMC/CG and of course it is very good if we compare it with SHIB.

but I don't agree that Doge is a very good investment compared to SHIB, because both are meme coins and too risky to be a long term investment.
both of them are not feasible until now to be used as long-term investments because the risk carried is quite large, because at any time there will be a very deep correction.

[Snappycoco]

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.

These projects are just backed by hypes which will fade away as time goes by. I don't think that their Marketcaps is sustainable and I believe that their downfall will be hard for those who bought at top. Doge having an unlimited supply is a no brainer investment. Aside from having no utility, it is only backed by Elon Musk and nothing else. Shiba Inu in the other hand is now becoming a DeFi token but who would use these platforms if they cant compete the top tier DeFi projects.

[Rufsilf]

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.

I'm with you mate, dogecoin now makes more sense than Shiba Inu and can give you returns but not big as you think than other coins ofcourse. This particular memecoin called dogecoin isn't gonna make its status now if not because of Elon Musk, that's why it's hyped and reached all-time high due to Elon's successive commitment and tweets regarding dogecoin.

Now, I would be lying if I told you that I don't have it in my portfolio. But, I only hold it for certain reasons and I'll sell it eventually when the value reaches my goal.

[Sanitough]

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.

I'm with you mate, dogecoin now makes more sense than Shiba Inu and can give you returns but not big as you think than other coins ofcourse. This particular memecoin called dogecoin isn't gonna make its status now if not because of Elon Musk, that's why it's hyped and reached all-time high due to Elon's successive commitment and tweets regarding dogecoin.

Now, I would be lying if I told you that I don't have it in my portfolio. But, I only hold it for certain reasons and I'll sell it eventually when the value reaches my goal.

Good luck to that, I hope you bought it cheap because I don't know if Doge would still pump after it has pumped consecutive times in the past. Judging by the price movement of DOGE, look like the hype is over and one day it will just dump and go back to its cheap price, that's the worst scenario so maybe try to see that possibility so you'll make the right strategy in case an abrupt dump would happen.

[Ozero]

Shiba is a clone - secondary project if we compare it with Doge. Dogecoin is more predictable I think - it will hardly die in the nearest 5 years. And it's being pumped from time to time - so we can use this behaviour 

Precisely because in the creation of the SHIBA coin, in my opinion, they wanted to have a certain part of the popularity of Dogecoin and therefore this coin is indeed actually a clone of Dogecoin, it is unlikely to ever reach its popularity.
But the more meme coins we have, the greater the risk that something negative can happen to them, which will also boomerang other similar coins. If Dogecoin existed for a long time before that in splendid isolation, little noticed, then in a close circle of other meme coins and the presence of hyped popularity, it, like all meme coins, has more chances to leave this market.

[Nhor1011]

I think dogecoin is better because for sure it will stay longer in crypto market. Shiba inu is just new and if it is also a hypecoin , I don't think if it will stay in crypto market for so long. Just ride on the current fire on shiba but don't invest too much to avoid huge losses if there is a massive dump. I also invested in shiba inu but just a little.

[kak uli]

although it is still said to be a memecoin but I see in practice it is also very successful my friend, just look at it since it was published by binance the price of the Shiba inu has increased beyond the previous price, I think with the increase in the price of the shiba inu, what you say will be refuted.

No one can deny that the Shiba Inu has reaped its new ATH this month and especially this year, but people sometimes get carried away by this and forget about the potential dumping on the Shiba Inu itself at times that no one knows, because Coins with a very high supply will always have a hard time staying at a good price.

I don't think anyone knew if the shiba inu would be valued as high as it is now. however ATH Shiba inu relies heavily on the support of the large community owned by shiba inu, including support from Binance itself and support from shiba inu investors so that it survives at a good price as it is today

[Dr.Osh]

Shiba is a clone - secondary project if we compare it with Doge. Dogecoin is more predictable I think - it will hardly die in the nearest 5 years. And it's being pumped from time to time - so we can use this behaviour 

I also think that the Shiba inu is a coin forced to evolve. what i mean is, since dogecoin is already having such great success nowadays, a lot of people are feeling late with it, so these people are making Shiba inu and hype it up in hopes that they can entice people to buy shiba in bulk because the price is still low. very cheap. however, does not rule out the fact that currently many have benefited from holding shiba. however, seeing this coin looks like it's ready to drop at any moment. well, it's too risky to hold this large amount of coins.

[giammangiato]

Right now it is. They said that they are now a DeFi token and not a meme coin anymore. They build shibaswap which is a decentralized exchange and already performing well. Aside from that, lots of things are happening in Europe countries as well as some establishments said that they will accept Shiba as payments. Unlike Doge that has nothing but whales.

What happened yesterday to Shiba Inu. It just spiked up to more than 70% unlike other days and now travelling good. Could see it as a 2nd ATH of Shiba Inu. The trading volume is too high on all exchanges especially in recent days. I have some Shiba Inu and happy to hold them for a long term. I am sure Its going to yield a good profit in future.

I am buying them, little by little, without haste, I will try to keep them for the long term to experiment, I am curious to see if it will be able to overcome dogecoin, I do not expect special profits but I think it will give satisfaction
today https://coinmarketcap.com/it/currencies/shiba-inu/