Meme investment, that is, retail group investment driven by social media has gradually risen. Stocks such as AMC and GameStop have risen by thousands of percentage points. This kind of hype and meme-driven investment has entered the cryptocurrency field.

In the crypto world, the two hotspots of the Meme concept-Dogecoin and Shiba Doge-are not considered good value investments. Shiba Dogecoin has higher risks and higher returns, while Dogecoin may be relatively safer in the long-term. game.

In early 2021, after GameStop and AMC staged a squeeze battle, meme investment has become more and more popular.

A short squeeze means that when the short seller’s bearish stock does not fall, but rises rapidly, the short can only buy the stock at a higher price to return the previously borrowed stock to prevent greater losses. Meme investment is a speculation of retail investors, not based on the company’s fundamentals. The idea is that if everyone only buys and never sells, the price will skyrocket and everyone can get rich. As one might expect, this type of investment is extremely risky. In the game There are far more losers than winners, and few people can get out of it all.

狗狗币和柴犬币,哪个才是更好的投资?

The cryptocurrency model of Dogecoin can be traced back to 2013, when Dogecoin was worthless. However, at the beginning of 2021, the price of Dogecoin began to climb, reaching a high of 70 cents, and its market value even exceeded 900. One hundred million U.S. dollars. Although the price has recently been revised to around 30 cents, the price has risen by more than 100,000%.

狗狗币和柴犬币,哪个才是更好的投资?

Dogecoin has no other use other than payment, the inflation rate is 5%, and it is attached to the security of the Litecoin blockchain. Although Dogecoin has no value, it quickly became Elon Musk’s heart, and he also used Twitter to stimulate the rise of Dogecoin. The income created by Dogecoin has attracted many projects to follow suit and use exaggerated hype to deceive users into buying tokens.

Safemoon and Dogecoin, which have issued billions of tokens, have no investment value. The price of each token is extremely low, even as low as $0.0000001. Investors think that the price can easily reach $1. At that time they will all become millionaires. This is not the case in reality. The market value is determined by the total supply of tokens multiplied by the price. If a token reaches $1, multiplied by the total supply of 5 billion, the market value of a token will exceed the entire US stock market.

狗狗币和柴犬币,哪个才是更好的投资?

Recently, the Shiba Coin has emerged. It was launched on the Ethereum blockchain in August 2020, with a total supply of 1 trillion. There is no reason for the rise of Shiba Inu coins, but it is still growing at a rate of 12,000 times.

狗狗币和柴犬币,哪个才是更好的投资?

Shiba’s future planning plans to launch ShibaSwap, which will allow users to buy and sell on the Ethereum blockchain for the purpose of decentralized transactions. ShibaSwap will also launch two other tokens, LEAH and BONE. Both tokens have unknown use cases related to exchanges, and more information will be released when ShibaSwap is launched.

狗狗币和柴犬币,哪个才是更好的投资?

There is no case about the use of LEAASH or BONE. In addition, ShibaSwap is very likely to become a clone of Uniswap, and it has no value to the DeFi ecosystem.

At present, neither Dogecoin nor Shiba Dogecoin is a good investment option. The advantage of Shiba Coin is that it is smaller in scale and has more room for value-added. If ShibaSwap is successfully launched, it may stimulate another wave. The disadvantage is that the Shiba Inu coin has just appeared for less than a year, and it is not enough to prove its true value. If the market continues to be sluggish, investors will lose interest in Shiba Inu coins and switch to safer cryptocurrencies. On the other hand, Dogecoin has survived multiple crashes, proving investors’ interest in it. With the support of big names such as Mark Cuban and Elon Musk, Dogecoin has successfully established itself in the top 100 cryptocurrencies. Dogecoin seems to have less investment risk than Shiba Inucoin. But any meme investment is perilous.

狗狗币和柴犬币,哪个才是更好的投资?

Even if Dogecoin has a chance to skyrocket, it is still a gambling in nature and not a real investment. In other words, Dogecoin will never become the world’s digital reserve asset. As Elon Musk said, “The ironiest result is that Dogecoin will become the future earth currency.”