Better Meme Coin: Dogecoin vs. Shiba Inu
Last June, I compared two of the crypto market's most divisive meme coins: Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). Both of these canine-themed coins were created as parodies of other coins. Dogecoin was introduced as a parody of Bitcoin (CRYPTO: BTC) in 2013, while Shiba Inu was launched as a parody of Dogecoin in 2020.
Both of these coins were initially dismissed as speculative short-term plays. But if you had invested just $100 in Dogecoin at its earliest price of $0.0002, your investment would be worth about $75,000 today. If you had invested that $100 in Shiba Inu at its earliest trading price of $0.000000000051 per coin, your investment would have blossomed to a whopping $27.86 million today.
Image source: Getty Images.
Source Fool.com
