Saturday, June 15, 2024
  • The value of DOGE has increased by 4% in the last 24 hours, while the value of SHIB has increased by 5%.

  • Both of these tokens have experienced an active level of support from their community.

  • This has led many investors to ask themselves the question of which token is worth buying in 2022.

Dogecoin (DOGE) and Shiba Inu (SHIB) are cryptocurrencies that are experiencing the greatest rivalry within the crypto space.

While they compete in terms of the return they provide, they also compete with their community.

This is due to the fact that both cryptocurrencies have experienced tremendous growth within their community over the past year. While Dogecoin has been a leader for years, Shiba Inu seems to be closing the gap.

On May 14, 2022, the Twitter page of Shiba Inu announcedthat a year had passed after the founder of Ethereum, Vitalik Buterin, made the largest donation to a charity through the use of cryptocurrencies, an event that took place on May 13, 2021.

However, another interesting fact is that Dogecoin’s Twitter page has 3,360,220 followers, while Shiba Inu’s Twitter page now has 3,336,488 followers on May 17, 2022, which is why it is officially approaching the Dogecoin cryptocurrency in terms of popularity.

We will now explore how these tokens have evolved in terms of value to see how this could potentially affect the value of the tokens.

Should You Buy Dogecoin (DOGE)?

On May 17, 2022, Dogecoin (DOGE) had a value of $0.0901.

The all-time high of Dogecoin (DOGE) was on May 8, 2021, when the token reached a value of $ 0.731578. Here we can see that at its ATH, the token was $ 0.641478, or 712% higher than today.

However, if we look at the performance of the token in the previous month, Dogecoin (DOGE) had its highest level on April 6 at $ 0.1729, while its lowest level on April 25 was $ 0.1243.

Here we can see that the token has lost value by $ 0.0486 or by 28%. However, the value of the token may increase to $0.15 by the end of May 2022, which makes it a solid token to buy.

Should you buy Shiba Inu (SHIB)?

On May 17, 2022, Shiba Inu (SHIB) had a value of $ 0.00001260.

If we look at the all-time high of the token, Shiba Inu (SHIB) had its ATH on October 28, 2021, when the token reached a value of $0.00008616. Here we can see that at its ATH, the token was $0.00007356, or 583% higher than today.

As for the development of the cryptocurrency in April, Shiba Inu (SHIB) peaked at $0.00002817 on April 12, while its low was $0.00002157 on April 30.

This meant a decrease in value of $ 0.0000066, or 23%.

With this in mind, SHIB is a solid token to buy, as it can reach $0.0000222 by the end of May 2022.