loader image

DOGE and SHIB analysis

Block Chain
What is the Blockchain
June 12, 2022
How to Buy and Sell Bitcoin
How to buy and sell Bitcoin?
December 15, 2022


What do you get when you mix two of the most popular meme coins in the crypto world? A lot of excitement, that’s what! In this blog post, we’ll take a look at DOGE and SHIB, two of the most popular meme coins on the market. We’ll analyze their price movements, discuss their fundamental differences, and give our thoughts on which one is a better investment. So if you’re ready to learn more about these two coins, read on!

Dogecoin price analysis

Dogecoin is currently trading at $0.0527, up 5.4% in the last 24 hours. The cryptocurrency has a market cap of $6.79 billion and a 24-hour trading volume of $40.39 billion.

In the last 7 days, Dogecoin has seen a price increase of 17.8%. The cryptocurrency is currently ranked #4 by market cap.

The highest price that Dogecoin reached in the last 24 hours was $0.0562 and the lowest was $0.0507.

Looking at the 4-hour DOGE/USDT chart on Binance, we can see that the price has been range bound between $0.052 and $0.055 since yesterday evening, with some brief spikes above and below these levels. At the time of writing, the price is trading close to the middle of this range at $0.0527.

The RSI indicator is currently at 50%, indicating that the market is neither overbought nor oversold at this time. The MACD indicator is also close to zero, indicating that there is no clear trend in either direction at this time.

Looking at the 1-day DOGE/USDT chart on Binance, we can see that yesterday’s candlestick was a large bullish candlestick that closed near its highs for the day. This indicates that buyers were in control during this period and are pushing prices

Shiba Inu price analysis

The Shiba Inu is a popular breed of dog in Japan and has been gaining popularity in other parts of the world in recent years. The average price for a Shiba Inu puppy in Japan is around ¥120,000 (US$1,100), but prices can vary depending on the breeder and the quality of the dog.

In the United States, Shiba Inu is not as common, so prices are generally higher. The average price for a Shiba Inu puppy in the US is around $2,500. However, like with any purchase, it’s important to do your research to make sure you’re getting a healthy puppy from a reputable breeder.

When looking at the price of a Shiba Inu, it’s important to remember that this is a breed that requires regular grooming and shedding does occur. They also tend to be vocal dogs, so if you’re looking for a quiet companion, this may not be the breed for you. Overall, the Shiba Inu is a loyal and loving companion that will bring joy to your life – just be prepared to pay a bit more for the privilege!

Investing in Dogecoin and Shiba Inu

Dogecoin and Shiba Inu are two of the most popular cryptocurrencies. They are both based on the Doge meme and have a similar name. However, they are different investments.

Dogecoin is a cryptocurrency that was created in 2013. It is based on the Doge meme and has a Shiba Inu as its logo. Dogecoin is mined like other cryptocurrencies, but there is no hard limit on the supply of dogecoins. The current supply of dogecoins is over 119 billion. Dogecoin is used mainly for tipping content creators on social media platforms such as Twitter and Reddit.

Doge Coin or SHIBA INU Investing

Shiba Inu is a new cryptocurrency that was created in 2020. It is also based on the Doge meme but has a different logo. Shiba Inu has a hard limit of 1 quadrillion (1,000,000,000,000,000) tokens. There are currently about 10 trillion tokens in circulation. Shiba Inu is meant to be used as a decentralized exchange token and tipping currency.

So, which one should you invest in? Well, it depends on your investment goals. If you want to invest in a currency that you think will appreciate over time, then you should invest in Dogecoin. However, if you want to invest in a currency that you can use for payments and tips, then Shiba Inu is a better choice.

Comparison of Dogecoin and Shiba Inu

Dogecoin and Shiba Inu are two popular cryptocurrencies that have a lot in common. Both are based on the Scrypt algorithm and have a maximum supply of 21 million coins. However, there are some key differences between the two coins.

Dogecoin was launched in December 2013, while Shiba Inu was only created in August 2020. As such, Dogecoin has had a much longer time to establish itself in the market. Dogecoin also has a much larger community than Shiba Inu, with an active presence on social media and a large number of dedicated followers.

Shiba Inu has several unique features that make it appealing to investors. Firstly, all unsold tokens from the Initial Coin Offering (ICO) will be burned, reducing the circulating supply of SHIB tokens over time. Secondly, Shiba Inu has partnered with Binance to launch its decentralized exchange, called Binance DEX. This will allow users to trade SHIB directly on the Binance blockchain without having to trust a central exchange.

Investors looking for exposure to the cryptocurrency market may want to consider investing in Dogecoin or Shiba Inu. Both coins offer different benefits and risks, so it is important to research both before making any investment decisions.