Shiba Inu and Dogecoin are two of the top meme coins on the cryptocurrency market. Both coins have had a rough week but are expected to climb towards the end of March into April 2024. As the month comes to a close, many market watchers are keeping an eye on these two cryptocurrencies and are curious whether Shiba Inu or Dogecoin will perform better next month.
At press time, SHIB is trading at $0.00002701. DOGE, on the other hand, is trading at $0.1528. Dogecoin has outperformed Shiba Inu on Thursday, but as for April, things might be a bit closer.
Also Read: Dogecoin (DOGE) Price Prediction After Bitcoin Halving
Shiba Inu or Dogecoin: Which Will Come Out On Top in April?
Market analysts are bullish on DOGE and SHIB this April, but holders will always compare both to see which is the better investment.
According to CoinCodex, Dogecoin (DOGE) may fall to $0.117764 on Mar. 31, 2024, a drop of around 10.6% from current levels. Moreover, the platform anticipates DOGE to consolidate at around $0.11 for most of April 2024.
On the other hand, Shiba Inu could likely hit $0.00004 by the end of March, depending on the overall market. SHIB’s greatest price surge directly followed BTC reaching new highs during its run towards $73,000. However, if the market proves to be bearish, SHIB is unlikely to hit that level towards the end of March and will likely have a steep climb come April.
Also Read: Shiba Inu: How High Can SHIB Surge Before Bitcoin Halving?
Furthermore, the upcoming Bitcoin Halving is expected to fuel a rise in the overall cryptocurrency market, including DOGE and SHIB. Both coins may benefit from the surge once again, but trading volume may prove to be the decider on which coin is superior. Whichever coin is being traded the most may be more important to ending the debate than just the price point.
Over the past months, Shiba Inu has certainly outperformed Dogecoin, not in price but in trading volume and interest. It’s expected that this trend will continue in April. However, both coins are currently in a low state compared to early 2024. With Elon Musk’s recent support for meme coins, especially DOGE, it is possible that April could be a greener month for Dogecoin than Shiba Inu. Ultimately, though, we’ll have to watch both coins’ performances at the end of this month to better gauge April’s potential.