by Hodler Ash 
Thanks to Elon Musk, ‘meme’ cryptos have been thrust into the spotlight in recent months. He has been an outspoken advocate of Dogecoin, causing the price to skyrocket.
Other coins have reaped the benefits as well, with Shiba Inu being one of the most popular. It’s been dubbed a ‘Doge killer,’ and it’s seen a large price increase as well as a lot of volatility. But what is the difference between these two cryptocurrencies, and how should you choose between them? Continue reading to get the most important details and find out about Shiba Inu crypto predictions.
Some people believe Shib Inu Coin is a rip-off of Dogecoin. While it was inspired by DOGE—and the founder proudly wears the moniker “Dogecoin killer”—it’s actually a lot more complicated.
Dogecoin is the fourth generation of Bitcoin (forked from Lucky Coin, which was forked from Litecoin, which was forked from Bitcoin). It’s mined using the same proof-of-work (PoW) method as Bitcoin.
Shib Inu Coin, on the other hand, is an Ethereum-based token that uses a proof-of-stake (PoS) rather than a proof-of-work (PoW) process. Shiba Inu is an ERC-20 token, which is a digital asset issued on the Ethereum blockchain network. Dogecoin is a cryptocurrency with its own blockchain.
Shiba Inu is more than just a meme coin; it’s a complete ecosystem with three tokens (SHIB, LEASH, and BONE) and a Decentralized Exchange (DEX), ShibaSwap. Other DEXes, such as Uniswap, SushiSwap, and 1inch, allow you to stake and swap SHIB.
Shiba Inu Supply vs. Dogecoin
It’s crucial to think about the tokenomics of crypto investments at all times. In comparison to other crypto assets, Dogecoin’s supply system is quite unique. As previously stated, Dogecoin has an infinite supply. This means that, unlike Bitcoin, which has a limited number of 21 million coins, Dogecoin has no such limit.
Shib Inu, on the other hand, has a capped supply, although it is still quite enormous by crypto standards, with a total supply of 1 quadrillion tokens. As a result, neither crypto asset is in short supply. Vitalik had roughly half of these assets, and he opted to destroy 90% of them, which amounted to 410 trillion tokens valued around $6.7 billion. This decrease in supply has the ability to kick-start a new bullish run for the coin.
Shiba Inu Value vs. Dogecoin
Shib Inu is aiming for a penny rather than a dollar. It’s still just worth a fraction of a cent right now, but the price is steadily rising.
People are making more deals as it increases, and Shiba Inu has now pushed Dogecoin out of the Top 10 market cap position. DOGE was ranked #10 last week, while SHIB was ranked #20. Dogecoin is now ranked #11, while Shiba Inu is ranked #9.
This bull run has been fueled by the growing interest in Shib Inu Coin in recent weeks, which has had a snowball effect. The more people learn about Shiba Inu crypto predictions, the more the price rises.
Shiba Inu crypto predictions and Dogecoin predictions
Experts predict a bullish short-term Dogecoin pricing, with the DOGE/USD price hovering around $0.27. There were twenty-seven indicators that gave bullish signs and thirty-five indicators that gave negative signals. Support was found at $0.26 and $0.25, with resistance at $0.27 and $0.28.
Longer-term projections indicate that the coin will take several years to surpass its previous all-time high of $0.74 and reach the $1 mark.
Shiba Inu crypto predictions are more buoyant as many cryptocurrency enthusiasts have predicted Shiba Inu’s value for 2022, but you should take their predictions with a grain of salt because they are far from certain.
Given the advances seen in the last month, several crypto forecasters are split on the Musk-backed cryptocurrency. Shiba, for example, is expected to be worth $0.000080 in a year, according to some predictions.
Shib is expected to be worth $0.00022170 by the end of 2021 and $0.00025540 by the middle of next year, according to another prediction. To put it another way, if you’re hoping for Bitcoin to hit $1, you’ll have to wait a long time.
Is it possible for Shiba Inu to overtake Dogecoin?
Many people want to know if Shiba Inu has a genuine chance of surpassing Dogecoin in the future. At this time, the market capitalizations of the two companies are vastly different.
However, the SHIB community is fervent, and another large price increase cannot be ruled out. In quest of the ‘next Doge,’ many investors have rushed to it. Dogecoin is already up a lot, and even if it did reach the $1 goal, it wouldn’t be a huge rise in terms of percentage from where it is now.
Shiba Inu has lots of potentials and future profitability if you could learn about Shiba Inu crypto predictions today.
