Want To Buy Dogecoin Or Shiba Inu? Here's A Comparison Of The Two

JAKARTA – In recent weeks, cryptocurrencies bearing the dog logo, Shiba Inu (SHIB) and Dogecoin (DOGE) have successfully listed on several crypto exchanges. Dogecoin is now available on Coinbase and Shiba Inu on Indodax.

Although Shiba Inu is a clone of DOGE, both have seen significant gains in recent months. Dogecoin and Shiba Inu have outperformed the Bitcoin market.

Launching Bitcoin News, Dogecoin, and Shiba Inu have made huge profits during 2021. The two coins have already outpaced most cryptocurrencies in terms of percentage increase.

As of now, Shiba Inu is only 10 months old. While Dogecoin was released on December 6, 2013, and is now 7 years old.

In terms of performance, although the Shiba Inu is still relatively new, data from Coingecko shows that as of January 1, 2021, SHIB has been trading at the level of $ 0.00000001. SHIB has been at that price in recent weeks.

However, after that, SHIB skyrocketed to 90.100 percent to break through 0.00000862 US dollars. Meanwhile, in the past month, DOGE prices have decreased by 33 percent. In fact, when Dogecoin fell, Shiba Inu skyrocketed 425.6 percent in one month.

However, statistically speaking, SHIB has increased 13.8 percent and DOGE has jumped even higher to touch 27 percent in the past week.

According to a report from Bitcoin News, Dogecoin investors should thank Elon Musk during the year. In addition, SHIB investors should in turn thank DOGE.

For information, Dogecoin is a cryptocurrency created by programmers Billy Markus and Jackson Palmer. DOGE is actually meant to be a joke. However, surprisingly the popularity of the cryptocurrency began to creep up.

While the Shiba Inu is also designed for the same thing. SHIB was designed by someone named Ryoshi. However, until now Ryoshi's identity is still mysterious and has not been revealed.

Both coins have a strong and solid community called the Doge Army and SHIB Army. The Shiba Inu cryptocurrency is in position 30 with a market capitalization of 4.5 billion US dollars based on market capitalization. While the "brother", Dogecoin ranks sixth with a total market capitalization of 49 billion US dollars based on data from Coiningecko.

In addition, SHIB is available on various global crypto trading platforms such as Binance, Crypto.com, Okex, Huobi, ShibaSwap, Coinbene, KuCoin, Coindcx, Profit Global, and most recently on WazirX and the Indonesian crypto exchange, Indodax.

How to Buy SHIB at Indodax

To buy SHIB on Indodax, users must first buy a stable coin, namely USDT. USDT can be purchased on the IDR market. If you have already purchased then the user can buy SHIB with USDT.

In terms of shipping fees or gas, SHIB cryptocurrencies are charged 0.0019 ETH or 5.32 US dollars, while DOGE delivery fees are only 2.48 DOGE or 0.933 US dollars.

The total supply of SHIB is 497 trillion tokens, while the number of DOGE is only 129 billion currently in circulation.