Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
Everyone loves dogs. Everyone loves memes too. Now, put them together and what do you get? Well, memecoins, of course.
Now, Dogecoin may be one of the market’s oldest meme coin. However, of late, one can argue that Shiba Inu Coin [SHIB] has overshadowed DOGE on the charts and rankings.
You know why, because one would argue that SHIB today is bigger than DOGE on the price charts.
The most famous meme coin after Dogecoin, Shiba Inu Coin is only the second meme coin, after DOGE, to be among the top 15 cryptocurrencies. Marketed as a Dogecoin killer, Shiba Inu (SHIB) was created by an anonymous cryptocurrency developer in August 2020. SHIB has continued to grow in these 2 years, eliciting positive responses from industry giants such as Elon Musk and Vitalik Buterin.
<p lang=«en» dir=«ltr» xml:lang=«en»>Big thanks to the Shiba Inu community, whose cryptocurrency made these fellowships possible!— vitalik.eth (@VitalikButerin) July 20, 2022
Since its launch, the altcoin has maintained a rivalry with DOGE, even though the latter continues to grab a larger share of the market.
The project began with a sheer love of Shiba Inu dogs; it started from zero in the spirit of creating zilch. But now, it has become a force to be reckoned with in the cryptocurrency industry. A lot of investors, both casual and serious, have invested in the coin, looking at it as a possible long-term investment option.
SHIB is an ERC-20 coin that runs on the Ethereum blockchain and it aims to compete with, and possibly outpace DOGE. Its developers call it “the Dogecoin killer”. Many who missed out on
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