dogecoin (DOGE) and Shiba Inu (SHIB) are among the most popular meme coins in the cryptocurrency market. Both projects turned investors into millionaires during their bull run and managed to gain a solid fan base. However, we know that every project has unfulfilled goals regarding its prices.
While two competing projects are still seeking the $1 target of meme coins, Dogecoin, shiba inu It seeks the target of $0.01. DOGE needs to rise 1079% to reach this price, while SHIB needs to rise by 75830%.
How Dogecoin and Shiba Inu Achieve Their Goals?
Dogecoin has seen a price increase mostly due to news related to Elon Musk and Twitter. Since its launch almost a decade ago, the price of the token has never exceeded $1. However, if Musk integrates DOGE payments into the social media platform, the project may manage to exceed the $1 level.
DOGE has the potential to record some healthy gains if it goes through some serious technological upgrades. DOGE doesn’t have much use outside of being used for payments.
The Shiba Inu, on the other hand, is trying to capitalize on the upcoming Shibarium launch. However, a 75830.14% rally at the moment seems highly unlikely as the markets still haven’t recovered since 2022. Like Dogecoin, the Shiba Inu will need more uses to ensure its adoption. Without lots of real-life uses, projects will take a very long time to achieve their goals.
However, Dogecoin is likely to reach its target faster than the Shiba Inu. The project is supported by Elon Musk, one of the most influential names in the technology world. What’s more, it has a $1 shorter trip than the SHIB has at $0.01. And with Twitter launching the payment option that can accept DOGE, the original meme coin He looks ready to beat his opponent on this front.
You can follow the current price action here.