© Reuters. Shiba Inu Vs. Dogecoin: Who Will Have A Higher Market Cap In 2025? This Video Shows…
Benzinga – by Khyathi Dalal, Benzinga Staff Writer.
Heavily-followed cryptocurrency content creator Jake Gagain compared Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) to predict which will have a higher market capitalization in the anticipated 2025 bull run.
What Happened: In his four-minute video, Gagain compares various factors for the two memecoin heavyweights:
$SHIB Vs $DOGE: Which #Memecoin Will Have A Higher Market Cap At The Peak Of The 2025 Bull Run?! pic.twitter.com/5Umj3hhuqt
— JAKE (@JakeGagain) February 21, 2024
Gagain’s criteria:
- Dogecoin is 11th by market cap compared to Shiba Inu, which is 17th.
- Shiba Inu has more utility, such as its own blockchain, Shibarium, decentralized exchange, ShibaSwap, and its NFT Shibverse platform.
- Dogecoin launched in 2013 but did not gain traction until 2021. Meanwhile, Shiba Inu launched in 2020 as the “Dogecoin killer.”
- Dogecoin boasts support from Elon Musk. The X owner calls it the people’s crypto through various tweets. Musk plans to launch peer-to-peer payments on X in 2024, with rumors flying that Dogecoin could be a means of payment.
Gagain’s conclusion: Dogecoin will retain its market capitalization lead over Shiba Inu in the bull run.
Also Read: Maxine Waters On Stablecoin Bill, Dogecoin Outshines Memecoin Rivals, Gamestop Coin Soars And More: Weekend Crypto Roundup
Why It Matters: Benzinga’s latest social media poll aimed to identify the most popular memecoins among its readers.
In contrast to Gagain’s prediction, Shiba Inu beat out Dogecoin:
Which memecoin are you most bullish on right now?
– Dogecoin $DOGE
– Shiba Inu $SHIB
– Pepe Coin $PEPE
– GameStop Coin $GME
— Benzinga (@Benzinga) February 15, 2024
With robust activity in the Shiba Inu ecosystem, the SHIB community remains optimistic about its future.
Price Action: At the time of writing, DOGE was trading at $0.08394, up 1% over the past 24 hours, and SHIB was trading at $0.0000059551, up 0.9% over the past 24 hours, as reported by Benzinga Pro.
Read Next: Dogecoin, Shiba Inu, Pepe, Or GME Coin – Benzinga’s Followers Weigh In On Their Meme Coin Fave – And The Winner Is…
Image: Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
