Dogecoin basked in the limelight in early 2021 but met with fierce competition from its then-rival, Shiba Inu. SHIB called itself the “Dogecoin killer” but eventually removed the language after gaining equal fame in the cryptocurrency sphere. However, both digital assets have a sea of fan followers who dream of their price reaching the moon. Nonetheless, DOGE and SHIB’s price dipped in 2022 and is only beginning to see a sigh of relief this year.
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Poll: If You Had $1,000, Will You Buy Dogecoin or Shiba Inu?
Shiba Inu and Dogecoin boast of a larger-than-life following where investors believe either one of these two cryptocurrencies could quench their financial aspirations. While the Dogecoin Army wants it to reach $1, the Shiba Inu Army wants the token to reach $0.01. Whether they would reach their desired target in the coming years is a different ball game, which includes supply dynamics.
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However, Benzinga held an online poll recently asking investors: “If you had $1,000, would you buy Shiba Inu or Dogecoin?”
The results of the poll are out, and Dogecoin wins with a thumping majority.
About 61.7% of the investors polled said that they would choose to put their $1,000 into Dogecoin. Only 38.3% of investors polled voted to put their $1,000 into the Shiba Inu token.
Shiba Inu: 38.3%.
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The development suggests that Dogecoin remains to be an undisputed king in the meme coin token market. The poll also indicates that investors believe DOGE can deliver quick returns that its counterpart SHIB.
However, SHIB performed better in January, as it shot up 43% in 30 days. On the other hand, DOGE spiked 31% during the same period and is now looking to go above $0.10. Moreover, whether DOGE will reach $1 first, or will SHIB touch $0.01 first, only time will tell.