Both leading meme coins Shiba Inu and Dogecoin are among the most sought-after cryptocurrencies in the market. The low-hanging price is what’s making investors flock to these assets as they’re affordable to accumulate.
An average investor feels no pinch when placing buy orders, as they hoard thousands of tokens for a fraction of the price. This keeps the trading volume for both SHIB and DOGE steady and rarely dips during the day’s trade.
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At the start of 2024, many investors pinned their hopes on Shiba Inu and Dogecoin. They hoped that the year could change their fortune if SHIB and DOGE spiked in the charts. However, reality is different from fiction, as the markets disappointed the majority of investors.
If you had invested $1,000 in both Shiba Inu and Dogecoin at the start of the year, how much money could you have made today? In this article, we will highlight if SHIB or DOGE delivered profits in 2024.
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Which Cryptocurrency Gave Better Returns in 2024: Shiba Inu or Dogecoin?
Shiba Inu outperformed Dogecoin in 2024 and has delivered better returns year-to-date. SHIB has surged nearly 30% since the beginning of the year, while DOGE profits have touched 3.61%. Therefore, DOGE has generated only 10% of the profits SHIB printed YTD.
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If you had invested $1,000 in Shiba Inu at the beginning of the year, the investment could have turned into $1,300 today. The same investment in Dogecoin could have turned $1,036 today. Therefore, SHIB could have delivered $264 more returns than DOGE during the same period.
Also, Shiba Inu surged nearly 280% in March this year, on the heels of the Bitcoin halving. Dogecoin did not double in price despite the markets entering bullish territory in Q1 of 2024. Nonetheless, SHIB shed most of its gains in Q2 and is now nearing its 2023 lows.