Will DOGE be defeated by SHIBA?

[enwi]

This is just the opinion of a beginner who just knows about crypto, even though Dogecoin does not have any features but Dogecoin still dominates the market for the Coin meme category and SHIBA without any features may not be what it is now, with all the features offered by SHIBA but the price of SHIBA has not passed the price of Dogecoin.

Shiba will probably have good development from the developer who is always trying to be the best meme coin and trying to beat Dogecoin. But the process that Shiba has to go through is not as easy as we imagine. So we can only wait and hope that Shiba can provide the latest updates that can increase the use of its coins in the market.

Maybe in the past many people made profits from shibs, but currently we see that shib prices don't seem to have any signs of skyrocketing like in the past. Even though shib wants to compete with doge, I think doge is still too strong to beat

Shib does have price movements that cannot be predicted because it is the basic nature of meme coins which is very difficult to predict. The supply factor in Shib is also one of the influences on the price of Shib, which is currently still quite cheap. As you said, Doge and Shib are fighting for the best position in coinmarketcap.

At least Shib still has a bright future because many have entered large exchanges and it will be easy to make Shib increase its price depending on market conditions. Hopefully next year when the altcoin season can have an influence on shib price movements.

[Freemind]

At least Shib still has a bright future because many have entered large exchanges and it will be easy to make Shib increase its price depending on market conditions. Hopefully next year when the altcoin season can have an influence on shib price movements.

Entering an exchange with high volume (or the highest volume, like Binance) does not guarantee the success of a project. It means that it will have more exposure in the market and that more users will know about that project, but little else. How many projects that entered Binance, for example, were subsequently delisted?. The answer is that many projects were eliminated, due to lack of development, lack of interest, lack of investment... Aafter all, memecoins only serve to make quick money, since contributing to the industry does not contribute anything or innovate, and to that we must add the enormous (and unnecessary) total supply they have.