Dogecoin Vs Shiba Inu?

Dogecoin Vs Shiba Inu? Which will be the best investment?

As we talk about meme coins we generally got the two most popular coins in our mind i.e. Dogecoin and Shiba Inu. In recent years the meme coin sector has had its drastic ups and downs movement across the crypto market. So in today's article, we will go to talk about these two meme coins.

Dogecoin Vs Shiba Inu
Dogecoin is an accidental creation of a dog-based meme that is viral across the internet. It works the same as litecoin work on Proof-of-Work technology. It is open source and forms on Peer-to-peer Blockchain.

Shiba Inu was created in August 2020 which name was named after the dog breed Shiba Inu. Its creator was Ryoshi. It was popular in the market by the name of "Dogecoin killer

Historical Data
Back 8 years back Dogecoin was priced at $0.0001863 but in recent years it gained considerably with its all-time highest of $0.24.
Shiba Inu also back then was $0.000000000116 and it's now has priced at $0.00001293 which is significant in 2 years.

Pump and Dump
Pump and dump is a term that has been frequently used to indicate the dramatic movement of price due to rumors and is founds to be misleading and done for short-term profit.

Pump and dump of meme coin have always been subjected as people surged that the price fluctuates because of the whale investors to attract the attention of new retail investors to the market. The Whale investor makes millions of profits by buying low and selling much higher.

Supply and MarketCap
The supply of Dogecoin is unlimited as miners mines new coins. The supply of dogecoin is possibly doubled in 20 years.While Shiba Inu has its limited supply of 1 quadrillion which is limited but it's a huge number making it too far behind making it scarce.

Conclusion
Memecoin seems to have to give a great return but the truth is that the whale investor is manipulating the price of the coins and retail investors are largely affected.