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Dogecoin and Shiba Inu are competing despite belonging to the same community of meme coins. It is largely out of the spirit of competitiveness that the memes bring, sporting that what they have is the best. It is not easy to determine which is the best because there are so many variables to consider, and hence the article narrows the focus to four: data, social media analytics, and comparative analysis.
Each one relies on the participation, contribution, and backing of the community on both sides. There is also a brief overview of their trading performance.
Data
The best site to compare community strength is X, formerly Twitter. The platform includes capabilities to keep up with announcements and conversations.
SHIB has over 3.7 million followers on the platform, while Dogecoin has over 3.8 million followers. Elon Musk supports Dogecoin, whether formally or informally; Reddit also has a role in its growing fan base. Shiba Inu is restricted to everything organic, including the recent launch of Shibarium.
Shiba Inu has shared 909 updates and Dogecoin has made 1,014 community posts. By posting memes, Dogecoins may be connecting with the audiences it serves. Shiba Inu prioritizes its latest blockchain.
Social Media Analysis
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This should not come as a surprise that both teams are frequently posting on their respective handles. The idea is to engage with the community and share updates. Shiba Inu is being more productive, considering it has recently made a new launch. Dogecoin continues its strike of connecting with the community in the best possible manner.
The most recent post by Shiba Inu for the SHIB Army was about the $BONE contract going live. Dogecoin took a rather more serious matter of informing the community that members don’t really own Dogecoins if they do not hold the keys or phrases.
Most members of SHIB’s community are hopeful, anticipating a $10 $BONE price in the near future. The DOGE community has given a range of responses. The fun circle includes some of them, but others have pointed out a potential conflict of interest with Dogecoin. The participant claimed that despite advertising a closed-source company run and owned by a Foundation Board member, the team promotes itself as a decentralization leader.
Sentiment Analysis
The sentiment analysis is best derived from how they are being traded on the board. To start with SHIB, the token has jumped by approximately 2.84% in the last 23 hours. It is now valued at $0.000007203 at the time of articulating this piece. The last 7 days have been pretty hectic for Shiba Inu. Nevertheless, it has managed to go up by 1.14%. This has come at a time when crypto winter is slowly lifting up.
This is also evident from the fact that Bitcoin has surpassed the value of $30k. It remains to be seen if Bitcoin is actually able to sustain that growth. ETH is also at $1.6k plus a section with an elevation of 2.49% on the last day.
DOGE has seen a larger jump of 5.08% in the last 24 hours. This is indeed remarkable, but still based on how the reactions are to Musk’s posts on X and Reddit’s attempts to keep the engagement alive. Dogecoin prediction estimates that the token could end this year at $0.18. There is an alternate possibility where the token ends in 2023 at $0.074.
Comparative Analysis
Engagement and projects are two primary areas where comparisons can be made. Dogecoin has better engagement, but Shiba Inu is leading the charts with projects. It is a draw between the two, depending on whether the community takes a call on what they prioritize.
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Projects do bring tangible values, with engagement taking a scoop at mass adoption based on the hype generated on the funny bones of members.
Conclusion
It is difficult to pick, but assuming a lot depends on choosing an option, then the correct one has to be Shiba Inu at the moment. Dogecoin has the potential to trade better. When it comes to creating buzz around the project launch, it is definitely the SHIB Army that has everyone’s heart.
