SHIB VS DOGE

SHIB vs DOGE has been a widely discussed subject over the past two years because they are both meme coins that gained popularity quite fast.

Dogecoin was founded as a joke originally and wanted to mock the people who are investing in crypto they don’t understand. However, to the surprise of many people, the coin garnered quite the following and new investors found that their not-too-serious approach was easier to engage with the public than with any other serious crypto. And this is how DOGE flourished.

The founders stepped away from the project in 2015 due to the concerns that DOGE attracted too many unsavory users and the lack of leadership was not enough to deter the investors. In August, it re-formed the foundation which saw some heavy hitters on the board, and set out a strategic roadmap for the future. It remains to be seen whether DOGE can transition into a serious project in the future and become more mainstream but there’s a chance that it can use its popularity and create a reputation that will make the coin a viable digital payment. Given its high market cap, it still isn’t the best investment out there.

SHIB on the other hand is in most ways the same as DOGE. However, this coin was not created for fun but was created to the ridge on DOGE’s success and make some money. It has an anonymous founder but that didn’t deter people from investing in it heavily. However, there are some weird things about it too.

For example, the project talks about wanting to help rescue centers of dogs but there hasn’t been any data about any money going to help the dogs in need. Instead, the website encourages people to only donate. The Whitepaper also shows a whole page for Ethereum’s creator Vitalik Buterin and his decision to donate his coins after he was gifted with them. Buterin was not keen on keeping the gifts because he didn’t want the responsibility. Many In the community saw this as a sign that SHIB might not be secure or a good investment but on the contrary, there were others that claimed Buterin made the right choice and that is the only way this cryptocurrency can thrive.