Shiba Inu (SHIB) has been trending recently. The market for Shiba Inu is in a consolidation phase with sustained volatility. The prolonged indecisiveness of traders will lead to a bigger movement after the end of the consolidation. At the time of writing, SHIB coin stands at a price of $0.0000082. The price has moved downwards only slightly in the past twenty=four hours while the daily trading volume has declined by nearly 40%.

On the other hand, Dogecoin (DOGE) had been on a sharp decline since the market crash. The cryptocurrency appears to have picked up the pace recently as Elon Musk often pumps it up. The price of the cryptocurrency stands at $0.24, at the time of writing. The price has had a slight downside movement in the past twenty-four hours while the trading volume has increased by 36%.

Shiba Inu vs. Dogecoin feud

Shiba Inu and Dogecoin both belong to the same category of memecoins. However, as both are well-known, they are regarded as strong competitors. The feud between the cryptocurrencies is also translated into a feud of the cryptocurrencies’ communities. The SHIB coin community recently commented how Dogecoin is only being used by some people because of Elon Musk while the cryptocurrency has no real utility.

The “doge-father” did not stay silent on the matter and laughed off the comment. Elon Musk is actively working with the development team of his favorite cryptocurrency to make it fit for being a mass-adopted digital currency.

Which cryptocurrency has more potential?

Although the price differences are stark, it does not matter when it comes to price growth. The market sentiment for Shiba Inu is neutral while for Dogecoin it is bearish. The five year-forecast of Wallet Investor shows a staggering 700% increase in the price of Shiba Inu while the increase is only 400% for Dogecoin.