Doge or Shiba? Which one should you invest in?
A question has been baffling new investors and it is - Doge or Shiba? My answer to that is simple: "BOTH".
While Doge is about to hit a dollar in the near future and probably going to the moon as well, the question comes how far will Shiba go, as it is considered as the Doge killer by many.
Dogecoin is backed by Elon Musk and Mark Cuban, Shiba's only association is with Ethereum's founder, who was actually gifted the coins by the original creators of the Doge killer - Shiba.
Doge
Market cap: $53 billion
Rank: 6
Circulating Supply: 129.65B
Rise in 2021: $0.004856 to $0.7011 (Highest), $0.4092 (Current)
Price in BTC: 0.00001054 BTC
Price in ETH: 0.0001391
Backed by Elon, Mark and has great potential since many investors are rallied. Rose to multifold returns in 2021 itself. Has given extreme ROI to many including me. Also made a few people millionaires, not me.
Shiba
Market cap: $5 billion
Rank: 30
Circulating Supply: 394,796.00B
Rise in 2021: $0.000001 to $0.000034317011 (Highest), $0.00001296 (Current)
Price in BTC: <0.00000001 BTC
Price in ETH: <0.00000001 ETH
New to town, launched in August 2020. Not backed by anyone famous I know except for the fact that ETH's founder was gifted tons of it which he has now donated to India. Shiba has potential, it grew 10,000% this year itself. It is so cheap now, that if goes to INR 10 or USD 0.01, you'll see tons of profit for a very small investment. Recently, it was reported on May 15, that the cryptocurrency turned New York brothers into millionaires after they invested $8000 into it. Their investment returned $9 million.
What to pick?
However both are below the price of $1 or even INR 50 right now, Doge has actually crossed INR 50 once and that was when Elon & Mark discussed/promoted it on Twitter, SNL and Ellen show. On the other hand, SHIB has not even crossed INR 1 yet, in fact it is currently at INR 0.001065, with that said, you can buy millions of it.
I would suggest that you should hodl (hold) both of them. It's not too late to get into Doge but it is the perfect time to get into Shiba as of 18 May 2021. Ideally, you should invest 50-50 in both and see how and where that takes you. Do not put all eggs in one basket.
Note: Do all investments and take decisions at your own risk. If your investment dips or sinks, do not blame anyone else including me. If It takes off, DM me and I will share my wallet address or just upvote this piece. Peace.