February 22, 2024 11:48 AM | 2 min read
“Benzinga’s Top Stocks to Buy Today”
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Heavily-followed cryptocurrency content creator Jake Gagain compared Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) to predict which will have a higher market capitalization in the anticipated 2025 bull run.
What Happened: In his four-minute video, Gagain compares various factors for the two memecoin heavyweights:
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$SHIB Vs $DOGE: Which #Memecoin Will Have A Higher Market Cap At The Peak Of The 2025 Bull Run?! pic.twitter.com/5Umj3hhuqt
— JAKE (@JakeGagain) February 21, 2024
Gagain’s criteria:
- Dogecoin is 11th by market cap compared to Shiba Inu, which is 17th.
- Shiba Inu has more utility, such as its own blockchain, Shibarium, decentralized exchange, ShibaSwap, and its NFT Shibverse platform.
- Dogecoin launched in 2013 but did not gain traction until 2021. Meanwhile, Shiba Inu launched in 2020 as the “Dogecoin killer.”
- Dogecoin boasts support from Elon Musk. The X owner calls it the people’s crypto through various tweets. Musk plans to launch peer-to-peer payments on X in 2024, with rumors flying that Dogecoin could be a means of payment.
Gagain’s conclusion: Dogecoin will retain its market capitalization lead over Shiba Inu in the bull run.
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Why It Matters: Benzinga’s latest social media poll aimed to identify the most popular memecoins among its readers.
In contrast to Gagain’s prediction, Shiba Inu beat out Dogecoin:
Which memecoin are you most bullish on right now?
– Dogecoin $DOGE
– Shiba Inu $SHIB
– Pepe Coin $PEPE
– GameStop Coin $GME— Benzinga (@Benzinga) February 15, 2024
With robust activity in the Shiba Inu ecosystem, the SHIB community remains optimistic about its future.
Price Action: At the time of writing, DOGE was trading at $0.08394, up 1% over the past 24 hours, and SHIB was trading at $0.0000059551, up 0.9% over the past 24 hours, as reported by Benzinga Pro.
Read Next: Dogecoin, Shiba Inu, Pepe, Or GME Coin – Benzinga’s Followers Weigh In On Their Meme Coin Fave – And The Winner Is…
Image: Pixabay
“Benzinga’s Top Stocks to Buy Today”
There’s only two mistakes you can make when investing. One is not investing at all. The next is buying the wrong stocks. Get an edge on which stocks to buy with the Benzinga Insider Report, our best weekly stock report sent right to your inbox. Act fast and secure our top stock picks at an unbelievable discount! Claim This Limited $0.99 Offer NOW!
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