Dogecoin vs. Shiba Inu
Cryptocurrency has been an interesting topic over the past few years, with new coins popping up all the time. Two of the most talked-about cryptocurrencies in recent months are Dogecoin and Shiba Inu. Both coins were inspired by dogs, but that's not all they have in common. In this blog post, we'll take a look at how these two coins compare.
What is Dogecoin?
Dogecoin (DOGE) is a cryptocurrency that was created in 2013 as a joke by software engineers Billy Markus and Jackson Palmer. The coin was inspired by the "Doge" meme that was popular at the time. Despite being created as a joke, Dogecoin has gained significant attention and has even been endorsed by celebrities such as Elon Musk.
As of September 15, 2021, Dogecoin has a market cap of $25 billion and a circulating supply of 130.7 billion DOGE. The current price of Dogecoin is $0.19.
What is Shiba Inu?
Shiba Inu (SHIB) is a relatively new cryptocurrency that was created in August 2020 by an anonymous developer under the pseudonym "Ryoshi." The coin was created to be a "Dogecoin killer," and it too is inspired by the Shiba Inu dog breed.
As of September 15, 2021, Shiba Inu has a market cap of $4.5 billion and a circulating supply of 394 trillion SHIB. The current price of Shiba Inu is $0.000011.
Comparison of Dogecoin and Shiba Inu
Let's take a look at how these two cryptocurrencies compare based on some important factors:
Market Cap
As of September 15, 2021, Dogecoin has a market cap of $25 billion, while Shiba Inu has a market cap of $4.5 billion. This means that Dogecoin is significantly more valuable than Shiba Inu.
Circulating Supply
Dogecoin has a circulating supply of 130.7 billion coins, while Shiba Inu has a circulating supply of 394 trillion coins. This means that there are significantly more Shiba Inu coins in circulation than Dogecoins.
Price
As of September 15, 2021, Dogecoin is priced at $0.19, while Shiba Inu is priced at $0.000011. This means that Dogecoin is significantly more expensive than Shiba Inu.
Conclusion
While both Dogecoin and Shiba Inu are inspired by dogs, they are very different cryptocurrencies. Dogecoin has been around for several years and has gained significant attention in recent months, while Shiba Inu is a new coin that is still gaining popularity. Dogecoin is significantly more valuable and more expensive than Shiba Inu, but Shiba Inu has a significantly larger circulating supply.
It’s important to note that cryptocurrencies are highly volatile and their prices can change rapidly, so it's always important to do your research and invest wisely.