Comparison of Dogecoin and Shiba Inu: Can DOGE or SHIB Make You Rich?

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Now Dogecoin and Shiba Inu as a joke, we can easily state that cryptocurrencies are very popular. But if you are not very lucky, then probably the DOGE or HIB will not make you rich. It is currently the 9th largest in terms of market volume of Dogecoin. and the 11th greatest of Shiba Inu. considering that there is a crypto currency, there will probably be a large number of people who disagree with this idea. So, why do the expert names think this way?

Comparison of Dogecoin and Shiba Inu

Dogecoin was released in 2013 by software engineers Billy Markus and Jackson Palmer. In fact, the duo launched this cryptocurrency only for the increase of crypto currency adoption and for the study of volatility. In other words, Dogecoin does not have any goals that other projects have, such as creating smart contract platforms or facilitating payments.

Dogecoin on the other hand, Bitcoin created using the code Litecoin it was built on the code base and became the center of great attention after such names as Elon Musk and Mark cuban supported crypto money through Twitter.

Shiba Inu, on the other hand, was created in 2020 by an anonymous group or person named Ryoshi. SHIB is the ERC-20 token of the Shiba Inu ecosystem. This Ethereum-based memecoin project was developed to try to create a decentralized community.

Initially, the Shiba Inu token had no uses. However, the Shiba Inu community announced that in July 2021 ShibaSwap By launching DEX, he made sure that the SHIB token was a field of use.

In October, Dogecoin has an unlimited supply, while Shiba Inu’s supply has a total supply of quadrillion tokens. Therefore, the fact that the supply is too much and unlimited is interpreted as that there cannot be a sustainable value increase. Because when the demand for an asset whose demand is limited and scarce increases, the price tends to rise significantly. But what is such a situation THE DOGE’what de SHIBalso not available.

Can Dogecoin and Shiba Inu Make You Rich?

Is currently on the market “When will Dogecoin be $1?” and “When will Shiba be $1?” you’ve probably seen his questions circulating. At this point, the community is also divided into two parts: DOGE and SHIB may be $1, DOGE and SHIB will never be $1… Dogecoin and Shiba Inu may never reach $ 1 because they have no underlying value to guide their prices.

In addition to these, Shiba Inu and October Dogecoin priceusers can suddenly get in or out depending on a post shared on Twitter. For example, recently Elon Musk announced that he does not own Shiba Inu, and the price fell by 20%.

Considering all this, you should invest in cryptocurrencies after studying everything – technical review, roadmap, utility, token economy, team, partnerships, among other factors. It is undeniable that prominent people who support crypto assets have a significant impact on the value of the asset, but this should not be the only reason to invest in any crypto currency.

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