The year 2021 has seen the rise of memecoins like Dogecoin and Shiba Inu. The latter was released to challenge Dogecoin. SHIB’s capitalization is growing and could overtake DOGE’s in the coming months.
Dogecoin is the largest memecoin, that is, a cryptocurrency created to allude to a meme, so it has no utility functionality. However, this cryptocurrency has grown exponentially in 2021 and has remained in the top 10 of the Coinmarketcap ranking for several months. It is therefore an interesting investment vehicle.
Our opinion on cryptocurrencies Shiba Inu (SHIB)
The Shiba Inu can go far by integrating DeFi. This may interest you: 3 promising cryptocurrencies to invest in 2022: Polygon (MATIC), Decentraland (MANA) and Hedera (HBAR). Therefore, the project would combine business with pleasure; or rather how useful as a joke!
Price volatility notice
SHIB price is still very volatile compared to Dogecoin. This may interest you: Crypto Tether (USDT) Vs USD Coin (USDC): Which Is The Best Stablecoin Of 2022? Reviews and Analysis.
SHIB Medium Term Price Prediction
Shiba Inu has dropped to attractive prices and has more bouncing ability than Dogecoin. See the article: The best cryptocurrencies to buy to make money in the long term: Ethereum (ETH) and Binance Coin (BNB).
Long Term SHIB Price Prediction
The Shiba Inu lacks the adoption of large companies or celebrities to get the cryptocurrency back in stellar fashion.
Stellar Mirror Mag Overall Rating: 7/10
Our opinion on cryptocurrencies Dogecoin (DOGE)
Dogecoin is certainly popular, but the project does not have a utility platform that can justify its long-term existence. Other memecoins developing utility platforms like Shiba Inu could overshadow it.
Price volatility notice
Dogecoin is relatively stable after its 2021 rally. The cryptocurrency is becoming more and more suitable for payments for goods and services.
Medium Term DOGE Price Prediction
Dogecoin (DOGE/USD) could sustain above $0.2.
Long Term DOGE Price Prediction
We should no longer expect an astronomical increase in the DOGE. The price is now stabilizing and it remains a good asset for the trade tidy.
Stellar Mirror Mag Overall Rating: 6/10
Disclaimer
67% of retail investor accounts lose money when trading CFDs with this provider. You need to ask yourself if you can afford to take the high risk of losing your money.
The information provided on this website should not be taken as investment advice, financial advice, trading advice or any other type of advice and nothing on the website should be considered as such. Mirror Mag does not recommend that you buy, sell or hold cryptocurrencies.
Mirror Mag is likely to receive compensation through affiliate links.