The devastating effects of the pandemic on the economies of the most powerful nations in the world have frightened investors. This has caused them to seek refuge for their investments and as an alternative they found it in some cryptocurrencies. Dodgecoin and Shiba Inu are very famous yet have a bittersweet taste this year.
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Dodgecoin VS Shiba Inu: how were they born?
Dogecoin was created by Billy Markus and was launched with the logo of a dog on December 6, 2013, as an alternative to Bitcoin.
As of this year, it is listed as the eleventh most valuable cryptocurrency in the world, with a market capitalization of about $20 billion and a profitability that reached 72,000%, but with a significant plunge of 77% during the last nine months.
In the case of Shiba Inu, it is a decentralized cryptocurrency created in August 2020 by an anonymous person or group known as “Ryoshi”. They decided to adopt the name of a Japanese dog breed originating from the Chbu region, which incidentally is also the symbol of Dogecoin.
Surprisingly, in early October 2021, its exchange price shot up to 240%, but by the end of the same month it lost up to 55% of the value it had managed to achieve.
Dodgecoin VS Shiba Inu: is it volatile?
In the case of Shiba Inu, it is a decentralized cryptocurrency created in August 2020 by an anonymous person or group known as “Ryoshi” who decided to adopt the name of a Japanese dog breed originating from the Chbu region, which incidentally is also the symbol of Dogecoin.
Surprisingly, in early October 2021, its exchange price shot up to 240%, but by the end of the same month it lost up to 55% of the value it had managed to achieve.