Crypto pundit Lola says investors can buy millions of Shiba Inu (SHIB) at low prices to become millionaires in the bull run, arguing that this opportunity with Dogecoin (DOGE) ended a few years ago.
Lola made the assertion yesterday, highlighting Shiba Inu’s potential to turn investors into millionaires in the next bull run.
According to Lola, the opportunity to purchase millions of Dogecoin (DOGE) at lower prices and potentially become millionaires in the next bull run ended a few years ago. However, the expert recommended that investors can currently acquire millions of SHIB at lower prices to become millionaires in the upcoming bull run.
Shiba Inu Has Good Buy Opportunity Than Dogecoin
Lola’s comment suggests that Shiba Inu provides a better investment opportunity to enrich investors in the upcoming bull run compared to Dogecoin. However, this remains an assertion.
Per her analysis, people can accumulate millions of Shiba Inu at lower prices, but the same cannot be said for Dogecoin. To put this into perspective, a $1,000 investment in Shiba Inu at the current price of $0.00001355 would fetch an investor 73.8 million SHIB. Conversely, the same $1,000 capital can only purchase 9,615 DOGE at the $0.1040 current price.
The 73.8 million Shiba Inu tokens will be worth $1 million if SHIB’s price hits $0.013550. Similarly, the 9,615 DOGE tokens will be valued at $1 million when the price of DOGE reaches $104. Both Shiba Inu and Dogecoin’s price would need to surge 99,900% to hit the $0.013550 and $104, respectively.
Dogecoin Vs. Shiba Inu Comparison
It bears mentioning that both assets recorded impressive rallies during the 2020/2021 bull run. While Dogecoin hit a peak price of $0.7376 on May 8, 2021, Shiba Inu reached an all-time high of $0.00008845 on October 28, 2021.
Several market watchers have compared the successes of both tokens, with many emphasizing that Shiba Inu witnessed more gains despite launching seven years after Dogecoin.
Notably, Shiba Inu skyrocketed 157.94 million percent 14 months after its launch, hitting $0.00008845 from an initial price of $0.000000000056 within this period. This remarkable rally changed the financial status of many investors. A case in point was how an $8,000 Shiba Inu investment surged to $5.7 billion.
Can Shiba Inu Outperform Dogecoin in the Next Bull Run?
Despite Shiba Inu’s past success stories, many experts still think SHIB has a better prospect of enriching investors in the next bull run than Dogecoin.
They contend that Shiba Inu’s vibrant and growing ecosystem, which consists of multiple projects like games, L2 blockchain, and decentralized exchanges, contributes immensely to SHIB’s growth potential.
Moreover, the Shiba Inu community is also reducing SHIB’s total supply via burns. Shiba Inu’s ecosystem team recently introduced a burn portal that incinerates SHIB with part of Shibarium’s transaction fees.
As a result of these developments, experts project that Shiba Inu could offer greater returns to investors than Dogecoin, whose unique price surges most times hinges on comments from Tesla founder and X owner Elon Musk.
For context, DOGE’s price surged 8.21% yesterday shortly after Elon Musk said Dogecoin will be the official mascot of an upcoming federal agency, the “Department of Government Efficiency.” Whether Shiba Inu would perform better than Dogecoin in the next bull run remains to be seen.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Source: https://thecryptobasic.com/2024/09/10/expert-argues-buying-millions-of-shiba-inu-can-still-make-you-a-millionaire/?utm_source=rss&utm_medium=rss&utm_campaign=expert-argues-buying-millions-of-shiba-inu-can-still-make-you-a-millionaire