Is Shiba a Dogecoin?

Shiba inu: SHIB was launched in August 2020 as a “dogecoin killer” by a mysterious founder known only as Ryoshi . The coin has since surged in value, with gains of 25,669,072% (yes, that’s an astounding 25 million percent) in 2021, dwarfing all other cryptocurrencies in terms of growth.

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What is Shiba DOGE token?

Dogecoin is a cryptocurrency that exists on its own blockchain like Bitcoin (BTC). On the other hand, Shiba Inu is a token that runs on the Ethereum (ETH) blockchain . But these cryptos are often compared thanks to their meme appeal. The valuations of both coins are based more on that appeal than on their fundamentals.

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