The popular meme coin SHIB is a more serious competitor for ETH than DOGE, according to the crypto analyst. On Sunday, October 24, the host of the hugely popular YouTube-based crypto analysis and investment program “Altcoin Daily” apologized to the Shiba Inu (SHIB) community for considering this project as another meme-based cryptocurrency competing with Dogecoin. Details cryptocoin.com‘in.
Which meme coin is the more serious competitor?
In a YouTube video posted yesterday, while SHIB is trading around 0.000003880, the popular cryptocurrency analyst told the channel’s over one million subscribers that he was wrong. He said he was sorry for belittling SHIB as just another meme-based cryptocurrency, and that the project has great potential. More specifically, the analyst started by referring to the following tweets posted by crypto influencer “IncomeSharks” in the previous video:
He said he was later contacted by many SHIB fans who asked him to do some research on the project to better understand the project. After doing this research, there were radical changes in his opinion on this subject. He concluded that he was “actually completely wrong” regarding his “shallow analysis” of the Shib Inu.
apologized
He went on to say that the purpose of this new video was to apologize to the SHIB community and share his latest thoughts on SHIB. One SHIB influencer educating him on what makes SHIB so much more interesting than DOGE was the “Shib Keeper” who tweeted on October 22:
The analyst later pointed out that “Shiba is more rivals with Ethereum than with Dogecoin.” Currently on crypto exchange FTX (as of October 25 at 17:45 UTC), SHIB is trading around $0.00004048, up 3.16% in the last 24-hour period, according to data published by TradingView. SHIB is currently the 11th most valuable crypto asset by market cap.
According to data from CoinGecko, in the last one-year period, Shiba Inu (SHIB) is up 52,571,328% against USD! Finally, it’s worth noting that SHIB’s rise to all-time highs has also been noticed by the mainstream media. For example, SHIB was mentioned on Bloomberg TV earlier today:
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