Dogecoin DOGE/USD and Shiba Inu SHIB/USD are meme-coins originally created as a joke or to make fun of the serious tone found within the crypto space.
Due to the success seen from the Dogecoin cryptocurrency, we saw other meme-coins such as Shiba Inu get created as a direct inspiration from it.
However, since their launch, both of these tokens have undergone numerous developments.
Dogecoin and Shiba Inu Updates and Developments
On June 5, 2022, we saw an in-depth look at the latest Dogecoin (DOGE) update 1.14.6 release, which was written by Dogecoin core developer Patrick Lodder.
Some of the developments listed here include enhanced wallet protection, fixes for potential DOGE vulnerabilities, fixes for known Bitcoin (BTC) vulnerabilities, and improved handling of address messages.
There are also many additional things included here, such as dependency updates and overall cleanup.
On June 7, we covered how Europe’s largest exchange, Bitstamp, listed Shiba Inu (SHIB), a listing that occurred after Bitstamp promised the SHIB community that it was going to list the dog-themed token in 2022.
Furthermore, Shiba Inu is also gaining a lot of attention after numerous reports that Shibarium, which is a layer-2 blockchain around the network, is nearing completion.
On June 8, the XFUND mainnet upgrade is expected to occur, with the SHIB community believing that it is good news for the release. In fact, the community believes that this mainnet upgrade is somehow connected to the Shibarium Layer-2 launch.
Should you buy Dogecoin (DOGE)?
On June 7, 2022, Dogecoin (DOGE) had a value of $0.0799.
The all-time high of Dogecoin (DOGE) was on May 8, 2021, when the token reached a value of $0.731578.
Going over the performance of the token throughout the previous month, Dogecoin (DOGE) had its highest point of value on May 5 at $0.137. Its lowest point was on May 12 at $0.07248.
This gives us an indication that the token decreased in value by $0.06452 or by 47%.
However, at $0.0799, DOGE is a solid buy, as with the latest update, it can climb to $0.1 by the end of June.
Should you buy Shiba Inu (SHIB)?
On June 7, 2022, Shiba Inu (SHIB) had a value of $0.00001065.
When we look at its all-time high, Shiba Inu (SHIB) was on October 28, 2021, when the token reached a value of $0.00008616.
Looking at how the token performed throughout the previous month, Shiba Inu (SHIB) had its highest point of value on May 5 at $0.00002181.
Its lowest point of value was on May 12 at $0.000009914. Here we can see that the token decreased in value by $0.000011896 or by 54%.
However, from May 12 to June 7, the token increased in value by $0.000000736 or by 7%.
With this in mind, we can expect SHIB to climb to $0.00005 by the end of June 2022.
The post DOGE vs. SHIB: which one to buy and why? appeared first on Invezz.
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