SHIB Army & DOGE Army, the two communities behind the top dog memecoins Shiba Inu (SHIB) & Dogecoin (DOGE), got into a heated debate on Twitter on Thursday afternoon. The crypto community was asked which popular memecurrency offers more utility. Afterwards, the discussion started and some of the answers were provided by the developers themselves.
For instance, the main developer of MyDoge Wallet, the self-custodial Dogecoin (DOGE) wallet, noted that Elon Musk’s beloved dog-themed cryptocurrency has to “appeal to a much wider audience than crypto Twitter.”
If Dogecoin is to become the people's currency, it has to be useful for, and appeal to a much wider audience than crypto Twitter. This is our mission and the direction of the app reflects this. We'll soon have more features which will enable users to decide what they see! 🔜#DTV
— MyDogeCTO (@MyDogeCTO) October 20, 2022
It’s Double Trouble For SHIB & DOGE
This comes at a time when the bears in this brutal crypto winter simply can’t get enough of slapping around the canine tokens, as Dogecoin (DOGE) lost its resistance support line at $0.06, while Shiba Inu (SHIB) is dangerously floating just above its crucial resistance at $0.00001. Some crypto influencers are taking the situation as a great buying opportunity.
Should we buy more $shib or $doge?
— Davinci Jeremie (@Davincij15) October 18, 2022
Firstly, soldiers of the Shiba Army claimed that the difference is so huge, that such questions shouldn’t even be asked. Indeed, Shiba Inu (SHIB) has a lot going on for the ecosystem. The developments include:
- SHIB: The Metaverse
- Shiba Eternity collectible card game
- Shibarium, the Layer-2 solution
- Bone ShibaSwap (BONE) gas token
- Welly’s fast food chain
- John Richmond X SHIB clothing brand
- Shibburn radio + burning portal
The depth of Shiba Inu’s (SHIB) Ecosystem is the main argument that Shiba Inu (SHIB) has more utility. However, it’s important to understand that at the moment Dogecoin (DOGE) is a sovereign blockchain using PoW (Proof Of Work), second only to Bitcoin (BTC).
On the other hand, Shiba Inu (SHIB) is an ERC-20 token, therefore the culmination of the project can only come once everything is switched to Shibarium. While the Layer-2 solution is yet to release, it will most likely be a game changer.
Fast food @wellyfriends, @shibaeternity, clothing designer, DAO, Metaverse. You name it. The question is even insulting 😂😂 Doge only became renoun because of Elon. That’s all. It has no propose no future no utility.
— Enki (@JonyCampos19) October 19, 2022
Meanwhile, most of the developments surrounding Dogecoin (DOGE) are tied to Elon Musk. For instance, the Tesla CEO just recently sold his “Burnt Hair” fragrance via Dogecoin (DOGE). Moreover, Elon Musk reported that Tesla hasn’t sold any of its Dogecoin (DOGE) holdings in the latest quarterly earnings report. Ultimately, this indicates that the world’s richest man has a bright future planned for his treasured canine token.
On the Flipside
- Dogecoin’s (DOGE) developers are also working on a Layer-2 solution, which is set to launch in early 2023.
- Despite Shiba Inu (SHIB) falling down to #13 by total market cap, SHIB Army surpassed DOGE Army on Twitter.
Why You Should Care
Memecurrencies are often at the center of attention in altcoin rallies.
Read the latest memecurrency news in these stories:
Shiba Inu (SHIB) Overthrown by Polygon (MATIC) – Here’s What’s Going On
Shiba Inu (SHIB) Gets Accepted by Google Cloud via Coinbase Commerce
