In the past days, Coinbase, which is the largest trading platform in the United States of America, announced the inclusion of the digital currency “DOGE.” Not long after that, the same platform announced the inclusion of the digital currency “Shiba Inu.”

What is the secret behind the support of the largest digital currency trading platforms for meme coins that take dogs as their emblem, and what are the most prominent differences between these cryptocurrencies.

The digital currency “Dogecoin” is one of the oldest cryptocurrencies and currently one of the largest cryptocurrencies by total market capitalization as it ranks sixth on the “coinmarketcap” ladder.

Several projects describing themselves as “Dogecoin” killers have emerged including:

“Doge Cash”, “Akita Inu”, “Dogelon Mars” and “Shiba Inu”.

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The most successful of these cryptocurrencies was the “Shiba Inu” coin, which stands for “SHIB.”

Within just weeks of “SHIB” debuting on Binance, the coin managed to raise its market value to $9 billion, but it has since fallen back and is currently valued at $2.8 billion.

It is worth noting that although the cryptocurrency “Shiba Inu” has adopted the nickname “Dogecoin killer”, “SHIB” and “DOGE” fight with different weapons.

“Dogecoin” vs. “Shiba Inu”:

Dogecoin is a fork of the Luckycoin blockchain, which is itself a fork of Litecoin.

Dogecoin’s primary use is to tip online because it is low in price and plentiful, which makes it similar to those pocket coins, which normally wouldn’t be used for big things.

As we told earlier, “Dogecoin” has an infinite supply limit, and many trackers considered the coin to be difficult, if not impossible, to appreciate in value.

But with the help of many fans including “Elon Musk” and “Mark Cuban”, the digital currency “Dogecoin” broke the ceiling of $ 0.01 on January 27, after which it never looked back and shot to the level of $ 0.68 a few months later.

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Currently, the price of the digital currency “Dogecoin” is estimated at 0.25 dollars.

By contrast, SHIB aims to automatically build a decentralized community, whose community looks little if compared to the Dogecoin community.

The digital currency “SHIB” has a total supply cap of 1 quadrillion, but it was later halved, as the “SHIB” project management gave 50% to the co-founder of Ethereum “Vitalik Buterin”, who in turn donated and gave a large part to charities before the burning process In the end.

The difference between “DOGE” and “SHIB” is also that “DOGE” is an independent digital currency with its own blockchain network, while “SHIB” is a digital token based on the Ethereum blockchain.

This means that Shiba Inu is subject to Ethereum development decisions and the high demand for the SHIB digital token can block network transactions and raise network transaction fees.

According to the Shiba Inu project paper, Shiba Inu founder Ryoshi decided to build on the Ethereum blockchain to ensure that his project was free to change and evolve with no external regulations affecting it.

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In addition, the Ethereum network was already secure and well established, allowing decentralized projects to build on top of it.

Despite this, the real goal of the Shiba Inu project is to move towards providing the decentralized trading platform ShibaSwap, which will allow traders to exchange cryptocurrencies faster and cheaper after the Ethereum 2.0 upgrade.

Regardless of what makes DOGE and SHIB different, they both have a great sense of humour, great communities, and share the dog as their motto.

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