Battle of the memecoins: should you buy DOGE or SHIB?
DOGE’s value increased by 4% in the last 24 hours, while SHIB’s value increased by 5%.
Both of these tokens have seen an active level of support from their community.
This has led to a lot of investors asking the question, which token is worth buying as of 2022.
Dogecoin (DOGE) and Shiba Inu (SHIB) are cryptocurrencies that have had the biggest rivalry within the crypto space.
While they are competing in terms of the return they offer, they are also competing with their community.
This is due to the fact that both cryptocurrencies have seen huge growth within their community throughout the previous year. While Dogecoin was the leader for years, Shiba Inu is seemingly closing the gap.
On May 14, 2022, Shiba Inu’s Twitter page announced that a year had passed after Ethereum’s founder, Vitalik Buterin, had made the largest donation to a charitable cause through the usage of cryptocurrencies, an event that took place on May 13 of 2021.
However, another interesting fact is that Dogecoin’s Twitter page has 3,362,100 followers, while Shiba Inu’s Twitter page now has 3,338,213 followers as of May 17, 2022, meaning that its extremely close towards passing Dogecoin in terms of community.
We will now be going over how these tokens have performed in terms of value to see how this could potentially translate into the value of the tokens.
Should you buy Dogecoin (DOGE)?
On May 17, 2022, Dogecoin (DOGE) had a value of $0.0901.
The all-time high point of value of Dogecoin (DOGE) was on May 8, 2021, when the token reached a value of $0.731578. Here we can see that at its ATH, the token was $0.641478 higher in value or by 712%.
However, when we take a look at the performance of the token throughout the previous month, Dogecoin (DOGE) had its highest point on April 6 at $0.1729, while its lowest point was on April 25 at $0.1243.
Here we can see that the token decreased in value by $0.0486 or by 28%. However, the token can climb in value to $0.15 by the end of May 2022, making it a solid token to buy.
Should you buy Shiba Inu (SHIB)?
On May 17, 2022, Shiba Inu (SHIB) had a value of $0.00001260.
When we look at the token’s all-time high, Shiba Inu (SHIB) had its ATH on October 28, 2021, when the token reached a value of $0.00008616. Here we can see that at its ATH, the token was $0.00007356 higher in value or by 583%.
Going over how the cryptocurrency performed throughout April, Shiba Inu (SHIB) had its highest point on April 12 at $0.00002817, while its lowest point was on April 30 at $0.00002157.
This marked a decrease in value of $0.0000066 or 23%.
With this in mind, SHIB is a solid token to buy as it can reach $0.0000222. by the end of May 2022.
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