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Shiba Inu Vs. Dogecoin: Who Will Have A Higher Market Cap In 2025? This Video Shows...

Published 22/02/2024, 16:48
© Reuters.  Shiba Inu Vs. Dogecoin: Who Will Have A Higher Market Cap In 2025? This Video Shows...

© Reuters. Shiba Inu Vs. Dogecoin: Who Will Have A Higher Market Cap In 2025? This Video Shows...

DOGE/USD
3.09%
SHIB/USD
3.24%

Benzinga - by Khyathi Dalal, Benzinga Staff Writer.

Heavily-followed cryptocurrency content creator Jake Gagain compared Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) to predict which will have a higher market capitalization in the anticipated 2025 bull run.

What Happened: In his four-minute video, Gagain compares various factors for the two memecoin heavyweights:

Gagain's criteria:

  • Dogecoin is 11th by market cap compared to Shiba Inu, which is 17th.
  • Shiba Inu has more utility, such as its own blockchain, Shibarium, decentralized exchange, ShibaSwap, and its NFT Shibverse platform.
  • Dogecoin launched in 2013 but did not gain traction until 2021. Meanwhile, Shiba Inu launched in 2020 as the "Dogecoin killer."
  • Dogecoin boasts support from Elon Musk. The X owner calls it the people's crypto through various tweets. Musk plans to launch peer-to-peer payments on X in 2024, with rumors flying that Dogecoin could be a means of payment.
Gagain's conclusion: Dogecoin will retain its market capitalization lead over Shiba Inu in the bull run.

Also Read: Maxine Waters On Stablecoin Bill, Dogecoin Outshines Memecoin Rivals, Gamestop Coin Soars And More: Weekend Crypto Roundup

Why It Matters: Benzinga’s latest social media poll aimed to identify the most popular memecoins among its readers.

In contrast to Gagain's prediction, Shiba Inu beat out Dogecoin:

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With robust activity in the Shiba Inu ecosystem, the SHIB community remains optimistic about its future.

Price Action: At the time of writing, DOGE was trading at $0.08394, up 1% over the past 24 hours, and SHIB was trading at $0.0000059551, up 0.9% over the past 24 hours, as reported by Benzinga Pro.

Read Next: Dogecoin, Shiba Inu, Pepe, Or GME Coin - Benzinga's Followers Weigh In On Their Meme Coin Fave - And The Winner Is...

Image: Pixabay

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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