They geared up their game when Shiba Inu briefly took over Dogecoin last month. The memecoin has a vast group of honest investors who are willing to do anything for the digital token. Following this, DOGE entered the mainstream cryptocurrency list and became a serious investment model. It eventually led to the acceptance of Dogecoin in GameStop and AMC Entertainment. After maintaining a low profile for a very long time, DOGE rose to prominence only in 2020 when investors started a Sub-Reddit movement. It started as a joke on the speculative frenzy surrounding bitcoin. The Evolution of Dogecoin and its Recent Stanceĭogecoin emerged out of online memes and jokes of Shiba Inu puppy that went viral in 2013.
AFTER RASH RUN, WILL SHIBA INU ENTER TOP 10 CRYPTO LIST IN 2022?. WILL SHIBA INU REACH ANOTHER ATH IN NOVEMBER? WE EXPLORE. Therefore, we explore the possibilities of Shiba Inu and Dogecoin taking over Bitcoin in 2022 or beyond. Although we are not very sure about where Shiba Inu and Dogecoin might take their investors, it has the potential to do well in the market in the short-terms. Along with them, memecoins became a popular form of investment. Over the past few years, meme-based assets including meme stocks, NFTs, and other collectibles have gained traction. Shiba Inu and Dogecoin are collective joke currencies that don’t have a purpose. But the scenario is completely different for meme coins. For example, bitcoin is valued as a top payment form and investment model while ethereum is used for everyday transactions. Generally, every cryptocurrency that makes its debut in the virtual ecosystem has its own motive. To add fuel to the fire, memecoins emerge as the riskiest and perplexing investment. The cryptocurrency market is already volatile and unstable. This pushed investors to a point where they started thinking if Shiba Inu and Dogecoin have the potential to outperform bitcoin in 2020 or maybe beyond. While the memecoins were on the play, bitcoin was maintaining a moderate value although it reached an all-time high not long before. Yes, Dogecoin’s loyal investors geared up their game and added more value to the meme coin, which helped DOGE to retain its value. On the other hand, Dogecoin didn’t surrender to Shiba Inu as it fought to take back its position. Although it didn’t last long, the short span changed the perspective of SHIB and gave a hectic time to its competitor. Eventually, the cryptocurrency managed to push back the native memecoin, Dogecoin, and took over its eighth position briefly. 
But the most remarkable blow came last month when Shiba Inu made it into the top 10 list for the first time. In the past year alone, Shiba Inu’s price has soared up by 60,000,000%, hitting many record highs. The surprising rise of Shiba Inu has piqued the investors since October. By Adilin Beatrice NovemAfter the recent value, investors are questioning if Shiba Inu and Dogecoin can overtake bitcoin in future
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