Dogecoin vs Shiba Inu: Which Meme Coin to Buy in 2025?

Bittime - In the competition between Dogecoin and Shiba Inu, which coin will come out on top in 2025? The cryptocurrency market is currently experiencing a surge, and top meme coins have played an active role in the strong bullish rally. 

DOGE Price Movement

Dogecoin (DOGE) has surged 268% during last year's trading, with a market capitalization of around $49.9 billion, making it the seventh-largest cryptocurrency in the world. Meanwhile, Shiba Inu (SHIB) posted a 114% gain in the past year, with a market cap approaching $13 billion and ranking 15th.

Dogecoin dan Shiba Inu Meme Coin Top Of Mind 

Both tokens claim the Shiba Inu dog breed popular among memes as their mascots. They are also the largest and most famous meme coins in the world. Taking into account their characteristics and position in the market, which will come out on top in 2025?

Reasons to Choose Dogecoin

As the largest meme coin by market capitalization, Dogecoin has the advantage of being a market leader. Additionally, Dogecoin is one of the major cryptocurrencies that was first created as a joke about Bitcoin in 2013. Investors who bought this dog-themed token and held it for the long term have experienced significant profits.

For investors looking for a meme token with staying power, Dogecoin's track record and provenance make it a superior choice. However, there are other factors that can push the price of this cryptocurrency higher.

Read too Check the Latest Price of Dogecoin (DOGE) to IDR

Elon Musk's Influence Drives Dogecoin's Skyrocket

Dogecoin has many enthusiastic supporters around the world, but none compares to the profile and influence of Tesla CEO Elon Musk. Musk has taken the initiative to support the Dogecoin token, which has helped drive the cryptocurrency's value upwards. 

While Musk's endorsements are often in the nature of jokes or endorsements that seem half-ironic, it cannot be denied that he has been instrumental in driving the price of these tokens higher.

Read too Convert 1 DOGE to IDR

Dogecoin, Trump Administration and Elon Musk Endorsement

In the incoming Trump administration, Musk will lead the proposed Department of Government Efficiency (DOGE) with entrepreneur Vivek Ramaswamy. The acronym for the new commission appears to be no coincidence. Although the Department of Government Efficiency will focus on identifying and reducing wasteful government spending, this new organization could have a positive effect on Dogecoin.

Read too Reasons Why DOGE Prices Keep Falling: Buy Now or Tomorrow?

D.O.G.E

Department of Government Efficiency has already generated a lot of news, even before the Trump administration began. Any news published about this advisory commission will provide free publicity for Dogecoin. 

When it comes to promotions for cryptocurrencies, it's hard to imagine a more prominent spokesperson than Musk. These dynamics make Dogecoin a cryptocurrency to watch in 2025.

Read too Dogecoin Whale Buys 140 Million DOGE, 30% Increase Predicted Soon

Reasons to Choose Shiba Inu

With Shiba Inu trading below $0.000025 per token, this cryptocurrency is much cheaper than Dogecoin. This means investors can buy more Shiba Inu coins for the same amount of money. 

While this does not guarantee that Shiba Inu will outperform Dogecoin, it does make the token more attractive to some investors.

Read too Harga SHIBA INU (SHIB)

Shiba Inu's market cap is smaller than Dogecoin

Shiba Inu also has a much smaller market capitalization than Dogecoin. If Shiba Inu's market capitalization grows to match that of Dogecoin, investors buying this smaller token at its current price would see a gain of around 272%. 

Having a smaller market cap gives Shiba Inu the opportunity to experience a more explosive rise compared to its main competitors in the meme token space.

Read too Convert 1 SHIB to IDR

The Shibarium Team Continues to Develop the Shiba Ecosystem

In addition, projects in the Shiba Inu ecosystem show that this token has several fundamental advantages over Dogecoin. 

In 2023, the launch of the Shibarium Layer-2 blockchain network was carried out to increase scalability and lower transaction costs in the Shiba Inu ecosystem. The team behind this project is constantly working to improve security, features and functionality.

Read too How to Buy Shiba Inu (SHIB)

The SHIB Metaverse Project

The Shibarium team is also working on a metaverse project connected to the Shiba Inu ecosystem. SHIB: The Metaverse is planned to serve as a hub of discussion and outreach for the token community, and may help attract new investors. This metaverse project will likely launch widely next year, and this virtual world could be a significant bullish catalyst for the Shiba Inu token.

Read too SHIB Coin Price Prediction 2024: Can it Rise Sharply by the End of the Year?

So, Which Meme Coin is Better to Buy?

Based on their respective strengths, weaknesses, and opportunities, Analysts believe Dogecoin will likely far outperform Shiba Inu by 2025. Both cryptocurrencies are meme coins, and exposure and momentum will likely be bigger drivers of performance compared to underlying fundamentals . Although Shiba Inu has several projects that could strengthen its underlying value, these projects so far look less than impressive.

Analysts Weigh Musk's Support As Important Factor

Therefore, Analysts believe Musk's explicit and implicit support for Dogecoin positions it as a better meme coin for next year. Musk has shown that memes and their endorsements can influence the crypto market significantly, and it seems the stage is set for Dogecoin to get more promotion next year.

Analyst: Analyze This is for a minimum investment of one year

However, investors should not make significant investment decisions based solely on what may happen in one year. Predicting performance over relatively short time periods is nearly impossible with a high degree of consistency because new factors and unpredictable market dynamics will emerge and shape results. This is especially true for highly volatile meme coins.

Conclusion: Analysts Prefer Dogecoin

Ultimately, the Analyst believes that the factors that make Dogecoin a better investment candidate than Shiba Inu in the next year will also make it perform better in the next five years. However, investors looking to gain exposure in the crypto space should not just focus on one of these two meme coins. 

If you want to take a position in crypto in 2025, consider investing in established leaders, including Bitcoin and Ethereum, in addition to any high-risk meme coins you may be buying.

FAQ

Which is better to invest in, Dogecoin or Shiba Inu?

Analysts believe that Dogecoin has a bigger advantage over Shiba Inu in 2025, thanks to support from Elon Musk and its strong track record.

What makes Dogecoin unique in the cryptocurrency market?

Dogecoin is the largest meme coin by market capitalization and has strong support from the community as well as well-known figures such as Elon Musk, who have played a role in driving its price and popularity.

Why is Shiba Inu attractive to investors?

Shiba Inu offers a lower price per token, allows investors to buy more coins for the same amount of money, and has greater growth potential if its market capitalization increases.

What are the newest projects in the Shiba Inu ecosystem?

The Shibarium team is developing a metaverse project called SHIB: The Metaverse, which aims to become a center of discussion and socialization for the Shiba Inu community, potentially attracting more investors.

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Reference

Keith Noonan, Better Buy for 2025: Dogecoin vs. Shiba Inu, Accessed January 11, 2025

Author: IN