Shiba Inu and Dogecoin have been market leaders for a while now. As the biggest and most famous meme coins, they paved the way for all other meme cryptos that emerged after them.
But, their massive supply and lack of utility were just some of the issues that caused analysts’ doubt. Both projects have volatile prices, causing many questions about their future and potential. Because of this, analysts think new meme crypto launches could overcome Shiba Inu and Dogecoin.
One of the projects most often mentioned as Shiba Inu and Dogecoin replacement is Dogeverse, a multi-chain project smashing through a mega-successful presale. Which of these three is better? Let’s see in this meme coin comparison!
Dogecoin Is the Industry-Leading Coin and First-Ever Meme Coin
Dogecoin was planned as the meme coin with a hard supply capitalization of 100 billion coins. But, the project team soon removed the limit, and Dogecoin became the project with unlimited capitalization. This impacted the project’s price and perceived value because the unlimited supply decreased Dogecoin’s scarcity.
Despite this, Dogecoin’s price remained stagnant from 2013 until December 2020. After Elon Musk’s tweet about the project, Dogecoin surged by 339%. Tesla CEO tweeted about the project on multiple occasions through 2021, pushing its price up. But after the price surge quickly came the downward price trend. Since the start of the year, Dogecoin has been trading green but far away from its all-time high. After the meme crypto surge in March, Dogecoin entered a rough patch. In April, Dogecoin lost 14% of its value in one week. The project went down by 5.9% between April 12th and 13th.
Shiba Inu Is the Market’s Top Performer!
Created as a Dogecoin killer, Shiba Inu gained recognition by donating 50% of its supply to Vitalik Buterin. The coin surged 300% after that, rivaling Dogecoin. But after that, SHIB saw a price decline. The next two years were buttoned up for this meme coin, with nothing crucial happening since this year.
But, ahead of the Bitcoin halving and during the meme coin frenzy, Shiba Inu grew massively. In March 2024, Shiba Inu grew 223%. But recent lower market performance affected Shiba Inu too. The $SHIB price has been down since April. SHIB’s substantial supply also remains a huge issue. To increase the $SHIB price, the team should burn a substantial amount of coins. Experts predict the project could do something like the Buterin’s burn in 2024.
The Ultimate Meme Coin Comparison: What Is the Best Meme Coin to Buy? Dogeverse Could Be the Best Shiba Inu and Dogecoin Alternative
Dogeverse is the latest meme crypto launch and the first real multi-blockchain project. The project adopts the Wormhole and Portal Bridge technologies, allowing investors to navigate six blockchains. You can buy $DOGEVERSE on Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base and move your coins between these. Further, you also receive the benefits of these blockchains.
By leveraging advanced tech solutions, Dogeverse minimizes fees and maximizes transaction speeds across the above blockchains.
Represented as Cosmo, the first chain traveling Doge, Dogeverse aims to connect various communities through one platform. The project connects communities through a shared love for Doge memes.
Another benefit you receive as a Dogeverse investor is the APY from staking. If you stake your $DOGEVERSE coins, you receive 62% rewards. Analysts await a massive ROI for Dogeverse investors with the first CEX listings. Price predictions say $DOGEVERSE will hit $0.00061 by the end of the year, $0.0012 in 2025, and $0.0066 by 2030.
Dogeverse is on presale, having so far raised over $15 million in funding. The project entered the final presale stage, meaning you don’t have much time to invest in this project. Traders think this is the next best meme coin and could be 100x in 2024.
Dogecoin vs. Shiba Inu vs. Dogeverse: Key Differences
- Supply – The current supply of Dogeverse is smaller compared to Shiba Inu. And while there are 200,000,000,000 $DOGEVERSE coins, Shiba Inu is at 589,289,410,812,691 and Dogecoin at 144,272,416,384 coins.
- Focus and purpose – Although Shiba Inu and Dogecoin started as Doge memes, they have different purposes. Dogecoin is created primarily for transactions and online tipping, while Shiba Inu aims to bring more features to the world of cryptocurrencies. The project incorporates smart contracts and new functionalities into its ecosystem. Dogeverse allows multi-blockchain navigation, allowing investors to use the coin on six blockchains.
- Utility – Dogeverse spreads the utility to six blockchains, allowing investors to easily swap between them, move $DOGEVERSE coin through them, and use every blockchain without disruption.
- Efficiency – Dogeverse uses the PoS (Proof of Stake) mechanism to enhance efficiency and transaction speed. The project aims to support growing transactions without compromising speed. Shiba Inu is on less energy-efficient PoW (Proof of Work), while Dogecoin combines Scrypt, a simplified variant of the hashing algorithm with proof-of-work.
The Ultimate Meme Coin Comparison: What Is the Best Meme Coin to Buy?
Although Shiba Inu and Dogecoin are the leading meme coins with a huge community and well-established reputation, Dogeverse could overcome them and take over the title of the industry leader.
Thanks to its revolutionary features, Dogeverse stands out, delivering an unprecedented experience to investors. You can buy $DOGEVERSE on six blockchains, move between them, and seamlessly swap your coins.
Here are the top reasons Dogeverse wins this meme coin comparison battle:
- You invest in a project with long-term utility and receive 62% APY.
- You receive the benefits of six major blockchains.
- You invest in a project with terrific predictions that could be the meme coin to 100x in 2024.