Shiba Inu, When Dogecoin Stops, Is Shiba Memu The Next Big Thing?

Shiba Inu and Dogecoin, the creators of the meme coin industry, stood out and undercut their peers this year. SHIB price moved little in 2023 even as Bitcoin jumped more than 120 percent. On the other hand, Dogecoin increased less than 10%.

Why are SHIB and DOGE fighting.

Dogecoin and Shiba Inu were two of the hottest meme coins in 2021, which explains why they are multi-billion dollar assets. Dogecoin has a market value of over $11 billion, while Shiba Inu has a market value of over $4.9 billion.

The two lost momentum as investors focused on other cryptocurrencies. Among the fastest-growing tokens this year are new meme coins like Bonk, Pepe, and MemCoin that are valued at over $1 billion.

Elon Musk, who raised his popularity in 2021, is standing on the sidelines because Dogecoin is stalled. He hasn't said anything or even tweeted about it in the past few months. As a result, most investors avoided the coin.

The Shiba Inu, on the other hand, has had a rough year. The year has started well as investors are waiting to launch Shibarium. It peaked above $0.000015 in February and returned to the current $0.0000082.

This price action is known as buying the rumor and selling the news. Although the shibarium was operational, it did little to enhance the Shiba Inu ecosystem.

Additionally, the volume of SHIB and DOGE traded daily is lower than historical levels. Only $130 million of SHIB and $395 million of Dogecoin were traded in the last 24 hours.

Shib Memu could be the next big thing.

As Shiba Inu and Dogecoin lose traction, other smaller and newer commemorative coins like Bonk and Pepe are becoming popular. Bonk is up more than 2,100% from its lows this year.

Likewise, Pepe has more than doubled from its YTD low. This is a sign that investors are showing more interest in new meme coins in this crypto bull run.

So, Shiba Memu has the potential to be the next big thing in the crypto industry. For example, the developers have raised over $4.6 million in the past few months.

It aims to do this by combining meme coins and artificial intelligence (AI). It uses AI to create viral marketing campaigns, which helps it reach millions of people every day. You can buy Shiba Memu here.

As with all financial assets, there are risks involved in investing in Shiba Memu. As we have seen with other crypto tokens, the price can crash. Therefore, you should use quality risk management strategies to prevent large losses. For example, you should only invest a small portion of your portfolio.