The Shiba Inu token is being dubbed as the Dogecoin killer by its creators and it is quite possible to see why.
While both dog-themed coins are very risky investments, the SHIB coin brings with it some form of limitations and as such scarcity to help keep it valuable. Of course, both coins are more rumor-driven than anything and its performance in the market with the exaggerated highs and dips shows that it can go either way on any day and might be the perfect coin for day traders than long term investors.
Of course, it can also be said that certain long term investors may exist for both coins. The Shiba Inu token in particular which is tribute to Ethereum has one investor holding almost half – that person would be the creator of Ethereum who was awarded it as a tribute. As such we can expect this honour might mean he would hold it for some time.
The Dogecoin on the other hand is based on Bitcoin, in fact it is almost a copy/paste clone of it but with one major difference – it has unlimited supply. Hence the high market caps already seen.
Either way, as both are risky investments and can be accustomed to the Ethereum vs Bitcoin battle but in dog form, it is a dream for day traders who are seeing the margins gaps on a daily basis as an opportunity.