Shiba Inu (SHIB) & Dogecoin (DOGE) Communities Fighting on Twitter – Here’s Why

The point of contention surrounding the memetokens is tech upgrades & use cases.

shiba inu doge fight argue brawl angry dogs

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.”

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.

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.

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.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.