The crypto market sentiment has changed from Bitcoin adoption to the dog fight arena. Elon Musk continues pumping Dogecoin against Shiba. Which league do you want to join? Elon’s To-The-Moon league or Shiba Army League?
Dog fight has began
Doge or Shiba, that is a question. Dog meme cryptocurrencies enter into the read heat debate. On the one side, you got old Doge that begins a great legendary journey in the earlier crypto universe. On the other side, you got a new Shiba that begins a new force of memes to replace the old meme but makes a better out of it.
People’s crypto
Both cryptocurrencies claimed they are people’s crypto. Doge is heavily centralized supply controlled by a small number of people while Shiba is largely controlled by the public. Although Elon claimed Doge is a people’s crypto, he was only examed by his own companies of employees who owned Doge. Shiba, on the other hand, did not need to claim but only demonstrated through their blockchain.
Shiba has more features than Doge
The old saying that Doge is equal Doge is literally true. Doge is only a coin. It does not have any features. Shiba has many features. There will have many functionalities through Shiba such as exchange platform, NFTs, and more to come along with Ethereum blockchain.
Consensus’s algorithm
Doge is running on the Proof of Work system which has been outdated, costly, and unscalable. Shiba is running on Ethereum blockchain which phased into Proof of Stake what is cheap, scalable and it also burned supplies to increase its valuation.
Memes effective level
Doge memes are limited to much wow. It makes fun of earlier crypto adoption which takes cryptocurrency not seriously as a currency but rather as a joke coin. Owning millions of Doge is a joke for the internet to pick on and show off makes people laugh. However, along with Doge’s price increase exponentially, owning millions of Doge makes you a millionaire. People starts getting more serious about the coin itself. Such meme is no longer effective. However, Shiba’s price is still low with many zeros followed decimal. Its memes are at the earlier stage. It is still effective for their memes to overtake Dogecoin.
Doge or Shiba
The debate will continue. It is difficult to choose between two cryptos. Both of them can be considered a shitcoin in my personal opinion even though their price shoot up many times the original price level and it can make you rich temporarily. However, it is more important to see how each crypto can sustain with their price level while continuously evolving into better crypto to serve their participants.
In conclusion
It does not matter which league you are involved in. What matters is how the crypto can evolve into the future and become crypto to serve people.