WHERE IS SHIBA INU AND DOGECOIN HEADED IN 2025? WILL THEY EXIST?
In 2020 and 2021, Shiba Inu and DOGE rocked the financial ecosystem. But not anymore!
If you are a long-time investor, then you might know how much the stock market meant at the beginning of the 21st century. But in the digital world we live in, cryptocurrency has lapped the traditional income source many times over. While the introduction of Bitcoin and Ethereum was considered a big disruption, memecoins like Shiba Inu and Dogecoin left many people in awe. In 2020 and 2021, SHIB and DOGE rocked the financial ecosystem. But since we entered 2022, things are not very smooth for the cryptocurrency market. Including Shiba Inu and Dogecoin, many digital tokens are in limbo.
Dogecoin evolved from being little more than a well-known memecoin in 2013 to a popular investment model recently. For many cryptocurrency investors, DOGE is the foremost dog-themed token that brought in the concept of memecoin. Although Dogecoin has existed for a long time, it gained prominence only in 2020 after garnering attention from celebrities and big names like Elon Musk and Mark Cuban. Owing to the success of the first memecoin, other tokens like Shiba Inu, Safemoon, Baby Doge, etc started emerging from the cryptocurrency sphere. Among the many memecoins out in the market, SHIB gained maximum popularity in a minimum time. It’s sometimes easy to forget that Shiba Inu didn’t exist before August 2020. The memecoin came out of nowhere and became the best-performing cryptocurrency of 2021. But since the beginning of 2022, the decentralized ecosystem is undergoing a rough patch. Starting from Bitcoin to Ripple, every cryptos’ price is on a free fall. Shiba Inu and Dogecoin are no different. At a time when everything seems dark, experts debate over whether SHIB and DOGE will exist or not in the next three years.
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