Dogecoin vs Shiba Inu
Which one can turn your $10,000 into $100,000?
Who has greater layout potential
In the current bull market, Shiba Inu (SHIB) and Dogecoin (DOGE) have attracted much attention and are competing for dominance. Both coins are at the top of the list, with SHIB ranked 10th and DOGE ranked 8th.
The question arises: Can SHIB overthrow DOGE?
Comparing the two, DOGE has a higher market cap of $30.32 billion, while SHIB has a market cap of $18.1 billion. However, DOGE has a smaller circulating supply of 143 billion coins, while SHIB has a much larger circulating supply of 589 trillion coins, despite a supply cap.
Additionally, DOGE has a significantly higher volume of $5.8 billion compared to SHIB’s $1.66 billion volume. Both are showing positive growth, with Dogecoin up 32% and Shiba Inu up 12% in the past seven days.
In terms of social media influence, SHIB surprisingly has a strong fan base, with 3.8 million followers on Twitter, slightly behind DOGE, which has 3.9 million followers.
SHIB has several advantages, including a passionate community as evidenced by its larger social media following, ongoing ecosystem development with features such as layer 2 blockchains and the metaverse, and a surge in performance in the last month of 200% compared to DOGE’s 100% increase.
Looking at the chart, Shiba Inu appears to be experiencing a surge, gaining 22% on the daily timeframe after breaking out of a downtrend. On the other hand, Dogecoin recently broke out of resistance, indicating bullish momentum.
The recent surge in Dogecoin’s price can be attributed to the upcoming Dogecoin Day, which is the anniversary of Dogecoin.
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