Reasons Why You Might Want to Invest in Dogecoin Instead of Shiba Inu
Dogecoin hit its two month high last week. The Shiba Inu coin also hit an all time high, but has crashed from its peak. Dogecoin was traded for ship tokens ahead of Robinhood’s rumored listing on the Robinhood platform. Shiba hit a new price high, only to drop sharply by 10 percent.
Dogecoin and Shiba Inu coin are hitting massive heights right now
Dogecoin and Shiba Inu coin are hitting massive heights right now that show that the cryptocurrency market is still something to watch. Presently, Dogecoin is one of the most popular cryptocurrencies and everyone’s favorite.
Dogecoin now sits comfortably at ninth position on the market leaderboard with an accumulated $34 billion market cap. Tesla CEO Elon Musk wrote that Shiba Inu might beat Dogecoin in market cap, but you’re being fooled if you think it’ll come even close to it in price.
At the time of recording, Shiba Bulls have been able to resist any mammoth correction as the asset is still up over 30 percent in 24 hours. Dogecoin was built on a basic technology associated with cryptocurrencies. It allows secure access for the sending and receiving of money without intermediaries.
There are many reasons why you might want to invest in Dogecoin instead of Shiba Inu
Many people think that they’ll have to be smart investors with a lot of money to invest in crypto. But in reality, all you need is a little bit of common sense and research. Big names in the industry promote Dogecoin, such as Elon Musk and Snoop Dogg and Paris Hilton.
So why is this a big deal? The answer is simple. All these celebrities have millions of followers and have an influential power over them. Therefore, people who had zero idea about cryptocurrencies like Dogecoin are now thinking of investing in them.
Dogecoin’s developer team is back on the stage. A cryptocurrency is pretty much as great as the developer team behind it. The more dynamic the core developer team is, the better it is probably going to perform in the long term. DOGE could become a real life digital currency that services millions daily.
There are various reasons why deflationary currencies may never function as currencies, but Dogecoin’s inflationary nature makes it one of the best cryptos on the long run.