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"Shiba Inu's Surge Slows: Can Dogecoin Keep Up?"

Coin WorldFriday, Jan 31, 2025 10:19 am ET

1min read

Shiba Inu's Surge Slows as AI Altcoin Climbs 720%—Can DOGE Keep Up?

Over the past couple of years, meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE) have seen incredible price spikes almost exclusively based on hype, social media influence, and retail enthusiasm. However, as the market grows, traders are getting savvier and are starting to look for assets with real-world utility. As Shiba Inu’s growth slows down, this cutting-edge utility altcoin jumped 720%. Read on to find out why this was the case and whether Dogecoin could catch up with this altcoin’s success.

Shiba Inu (SHIB) Run Slows Down, 13% In The Red

Shiba Inu (SHIB) was launched in 2020 as a direct competitor to Dogecoin, branding itself as the “Dogecoin Killer.” SHIB gained momentum quickly, getting listed on major exchanges and with the power of the community combined with a strong marketing campaign, the token reached an all-time high at $0.00008845 in October 2021. Investors who entered early saw astronomical gains, with some turning small investments into life-changing sums.

However, SHIB’s momentum has since faded. As of January 2025, its price has dropped to approximately $0.00001863, which is a steep decline from its peak. While the project has continued to expand its ecosystem with initiatives like ShibaSwap and metaverse integration, its huge circulating supply and lack of significant innovation have limited further price growth. Many analysts argue that SHIB’s best days may be behind it, and the likelihood of another massive rally remains uncertain.

Dogecoin (DOGE): Is The Meme Hype Over?

Since its launch, Dogecoin has come a long way and positioned itself as a top crypto, currently ranking #7. DOGE was propelled into the mainstream during the 2021 crypto boom, partly thanks to endorsements from Elon Musk and a surge in retail interest. Dogecoin reached its all-time high of $0.7376 in May 2021. This was an

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