Can Shiba Inu coin really kill Dogecoin? Itβs really unclear
There has been some speculation that the coin will rebound as time goes on, but itβs unclear when that will be since the hype around the coin is gone.
βSHIB coin could certainly continue to trend upward, and it could be a Dogecoin killer, but this doesnβt matter in the slightest,β according to Investor Place. βBeing the Dogecoin killer wonβt give Shiba Inu any validation in the long-term. A meme coin that beats out another meme coin is still foundationally unstable.β
Dogecoin, meanwhile, has been around for eight years, as Iβve written for the Deseret News. The coin has only made national headlines recently because of Dallas Mavericks owner Mark Cuban and Tesla founder Elon Musk hyping up the coin through social media.
The Investor Place experts said the Shiba Inu tokenβs community is vibrant and dedicated to the coin. But the coin has to last long term, and itβs hard to do that when much of its value is tied to social media hype.