Shiba Inu Vs. Dogecoin: Which Coin Will Perform Best In April (2024)
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.
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.
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.
Both cryptocurrencies were initially created as meme coins; however, Dogecoin is more well-known and has a bigger user base. Dogecoin's market capitalization, at approximately $18 billion, surpasses that of Shiba Inu, which is only $5 billion.
Dogecoin (DOGE) – The beloved meme coin with a robust community and endorsem*nts from high-profile personalities, known for its price swings and potential to soar.
On average, the trading price of DOGE might be $0.2126 in 2025. According to Changelly, based on cryptocurrency experts' technical analysis of Dogecoin prices, 2026 DOGE is expected to be between $0.2974 and $0.3468. The average trading cost is expected to be $0.3059.
Shiba Inu Price Prediction 2025,2026.. 2030. According to Binance price prediction input for Shiba Inu, the value of SHIB may increase by +5% and reach $0.000023 by 2030. The current Shiba Inu price prediction sentiment is bearish, while the Fear & Greed Index shows 52% (Neutral).
Since DOGE's most recent run-up in February 2024, it has ranged between an 18 and 31 billion dollar market cap. Contrarily, SHIB has been ranging between a 12 and 20 billion dollar market cap during that same time frame. Some analysts say SHIB is now closer than ever to overtaking DOGE.
Despite its performance and widespread popularity, SHIB has never reached the coveted 1-cent mark in its price history. While some may speculate on the possibility of such a milestone, experts remain cautious, suggesting that the likelihood of SHIB touching 1 cent shortly is low.
Cryptos that could boom in 2024 include Render Token (a rendering network) and Solana. Bitcoin and Ethereum could also be poised for strong performances in 2024, thanks to the SEC's approval of Bitcoin ETFs and Ethereum ETFs.
Drozdz adds: “Despite a positive environment, such as increases in the price of bitcoin, investing in Shiba Inu does not appear to be a good option at the moment.” While Shiba Inu has had its moments in the limelight and may continue to have such moments in the future, the coin's volatility makes it a risky venture.
With all this in mind, our Shiba Inu price prediction is all-together positive, and we predict SHIB will reach a high of $0.000048, a possible low of $0.000010 and an average price of $0.000032.
To become a millionaire through Shiba Inu, one needs to own a substantial amount of the token. Based on current market prices, for instance, if Shiba Inu reaches a price of $0.00003, having 33 billion SHIB tokens would make someone a millionaire. At present prices, this amount of SHIB would cost approximately $515,000.
Investing in the Shiba Inu Crypto can be a great way to diversify your holdings. Over the last few years, the Shiba Inu Cryptocurrency has exploded in popularity and maintains it's fan base despite struggling through the Crypto winter of 2022-2023.
It may appear valuable given its market cap, but it's worth is purely speculative. Keeping this in mind, it is not a good idea to put too much money into shib. Shiba inu cryptocurrency can help you make a quick buck, but it is not a long-term investment.
DOGE's price makes it a popular asset for trading and short-term investment. But DOGE has displayed great price volatility in the past. This makes DOGE a high-risk, high-return investment. The risk profile of DOGE makes it a speculative investment.
There is a clear path for Dogecoin to rise sixfold to get to $1 per coin. All it has to do is make progress toward greater adoption in the way Bitcoin has. That might give Dogecoin bulls reason to be optimistic, but we have to try and assess the probability of this actually happening.
Introduction: My name is Pres. Lawanda Wiegand, I am a inquisitive, helpful, glamorous, cheerful, open, clever, innocent person who loves writing and wants to share my knowledge and understanding with you.
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