• Dogecoin (DOGE) has consistently maintained its performance over the years, with holders rarely dropping below 40% ROI.
• Shiba Inu (SHIB), on the other hand, has seen a 53.49% decrease in value in the past 365 days.
• Despite this, SHIB has improved its ecosystem through various developments such as LEASH and BONE tokens and Shibarium L2 blockchain.
Dogecoin: Consistent Performance
DOGE holders have not felt the heat of market dumps compared to other projects. While Shiba Inu has continued to improve its ecosystem, DOGE led in market cap and active addresses. Over the years, Dogecoin [DOGE] and Shiba Inu [SHIB] have remained kings of the memes with no other solid competitor. However, both do not seem to be on the same page as investors might wonder which might be worth holding and which is not. Realistic or not, here’s SHIB’s market cap in DOGE’s terms IntoTheBlock data, as of 2 March, revealed that holders of the Elon Musk-admired cryptocurrency had barely had their assets drop below 40% in value. The blockchain insight platform went further, highlighting that the stride was not a recent one. Instead, DOGE has been consistent with its performance.
Shiba Inu: Struggling Behind
On the contrary, SHIB did not maintain its performance close to DOGE’s level. According to CryptoQuant, SHIB’s 365–day performance was a 53.49% decrease. Even though it could not improve price, the token had been able to make up with improvements in its ecosystem Since 2022 downturns of markets., The Shiba Inu team focused on several developments including having its own ecosystem tokens like Doge Killer [LEASH] and Bone ShibaSwap [BONE], which recently found its way into top 100 in terms of market capitalization only to go back to 104th rank at press time.. Also worthy of mention is project’s exploit in metaverse and long trending Shibarium ,the upcoming Layer two (L2) blockchain of Shiba Inu ecosystem . Its mission is enhance SHIB burn mechanism and speed up transactions on network .
Dogecoin vs Shiba Inu
Brothers in arms While both have contributed immense ways to bring liquidity to markets ,Dogecoin beats shibain uin marketcap .While metric also adds liquidity measure ,it only shows project’s growth by dominance .How much are 1 10 100 DOGEs worth today ? At press time ,dogecoin ranked ninth with market capitalization $10 02 billion while shibainuranked fourteenth with $6 26 billion source Santiment whereas doge despite having backing twitter ceo continues be volatile but still able outperform many altcoins around it .
Conclusion
Both projects continue strive for dominance crypto space but doge remains steady while shibainuhas yet show potential success according source santiment dogesmarketcap raked 9th position while shibainustood at 14th place at press time inspiteofbacking elon musk doges still able outperform many altcoins around it although shibainuhas made strides improvingitsecosystem chances success remain uncertain near future .
Takeaway
In conclusion ,while both projects continue strive for dominance crypto space doge remains steady outperforming many altcoins around itshibainuhas made strides improvingitsecosystembutchances successremainuncertainnear future .