Dogecoin Vs Shiba Inu

How Profitable Is Dogecoin?
$Dogecoin (DOGE.CC)$ is the OG meme coin. Following the meme stock craze, Dogecoin had risen out of the ashes and posted one of the most tremendous rallies that the crypto space has ever seen. Egged on by the likes of Elon Musk, it had basically taken a life of its own and from it had spawned what is now known as the meme coin space.
Dogecoin which had rallied from about $0.02 to more than $0.7 had left a couple of millionaires in its wake.
However, mid-2021 saw Dogecoin begin to crash and crumble as support died down. Other coins crawled up to steal market share from the pioneer meme coin and it has continued on a downward trend since then. Nevertheless, this has not meant that Doge holders have lost everything. Quite the opposite in fact.
Shiba Inu Holding Up?
Shiba Inu is undoubtedly the second most successful meme coin in the crypto market. The rise of this digital asset was nothing short of miraculous but it has held up in the market despite recent price declines. However, compared to its rival Dogecoin, the profitability of the cryptocurrency falls short in comparison.
The large majority of SHIB holders are still at loss. This is because a good portion of holders had purchased the coin after it had already begun to rally, unlike Dogecoin which had been around for a while and already had holders.
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