SHIB seems to have more momentum as a potential metaverse token than DOGE. If SHIB is added to Robinhood next year, that could create a significant positive pricing catalyst for the token. Shiba Inu also appears to still be at an earlier adoption stage, with the token not yet added to Robinhood Markets' trading platform. Google Trends analysis shows that SHIB is still generating more search interest, and general popularity could be a deciding factor in which token performs better in the future. However, while Dogecoin has the larger market cap, Shiba Inu's meme energy still seems hotter. And, of course, both tokens have the Shiba Inu dog for a mascot.ĭogecoin currently has a market capitalization of about $23.3 billion, while Shiba Inu has a market cap of roughly $18.3 billion. Both cryptocurrencies currently function solely as currencies and speculative investment vehicles, which means they aren't integrated with a blockchain service network in the same way as Ethereum, Solana, and Cardano' s respective tokens.īoth Shiba Inu and Dogecoin were started partially as spoofs on the cryptocurrency craze, and both went on to post fantastic gains thanks to meme energy and speculative investment frenzy. Keith Noonan (Shiba Inu) : In some respects, there are a lot of similarities between Shiba Inu and Dogecoin. Shiba Inu: The dog tokens look similar, but the differences are key Which one is the better buy? Let's take a look. The price of Shiba Inu has climbed more than 50 million percent this year (yes, that's not a typo), while the price of Dogecoin is up more than 3,300%. Using the Japanese hunting dog, the Shiba Inu, as their mascots, both cryptocurrencies seemingly came out of nowhere and went on a run that turned some early investors into billionaires.
In 2021, Shiba Inu ( SHIB -4.62%) and Dogecoin ( DOGE -6.29%) exploded onto the cryptocurrency scene.