SHIB’s Advantages Over DOGE Shared by Top Bloomberg Journalist, Bitcoin Critic

SHIB’s Advantages Over DOGE Shared by Top Bloomberg Journalist, Bitcoin Critic

Joe Weisenthal, a Bloomberg TV and podcasts host, who often criticizes Bitcoin, has touched on the difference between Shiba Inu and Dogecoin in his Twitter thread, claiming that SHIB has something that DOGE does not. Here’ what he is talking about.

“DOGE is a boomer meme coin”

Weisenthal tweeted that today he had dedicated his regular newsletter to Dogecoin. The red thread in it is that, according to the crypto critic from Bloomberg, DOGE has turned into a “boomer meme coin”.

He has enumerated the major advantages of SHIB that Dogecoin does not have: the coin is being developed in accordance with a fast moving roadmap, it has its own decentralized crypto exchange, NFTs based on Shiba Inu and advanced capabilities for smart contracts.

Besides, the Bloomberg TV host stated it is a lot cheaper to buy than DOGE. He believes that SHIB is about to flip Dogecoin by the spot on the top-ten scale of CoinMarketCap. SHIB at the moment holds position 11, preparing to take number 10 away from DOGE, he believes.

Everyone talks about $SHIB like it's just some joke derivative of a joke.But unlike $DOGE, it has a fast moving development roadmap, its own decentralized exchange, NFTs, and advanced smart contracting capabilities.And of course it's WAY cheaper nominally.— Joe Weisenthal (@TheStalwart) October 27, 2021

“DOGE’s low price is its USP against BTC and ETH”

Joe Weisenthal also stated that as for Dogecoin, its low price at the moment is a major selling point of it against Bitcoin and Ethereum. The author is a Bitcoin critic, so he does not seem to take into account more important advantages of Bitcoin than merely its price and does not believe in BTC as a store of value that is overtaking gold now for many institutional investors.

Therefore, he only compares DOGE, Bitcoin and Ethereum by price. However, he adds that the emission of DOGE is much bigger than that of BTC and ETH, so cheapness here is not quite a sustainable edge.

SHIB is better than DOGE, as per Eric Wall

According to a recent tweet, of Arcane Assets CIO, Eric Wall, SHIB is a much better meme cryptocurrency than DOGE. This is down to the fact that SHIB is not linked to Litecoin in mining, unlike Dogecoin.

Besides, he reckons that not being inflationary by nature and being invulnerable to Elon Musk’s tweets, as it has been proved recently, are also great advantages for SHIB.

On Sunday, Tesla CEO stated that he holds no SHIB and that he prefers projects, in which produce goods and services for fellow human beings and not focused on making money at any cost. After this tweet, SHIB plunged about 14 percent first.

However, later the coin started going up despite this tweet and in spite of the fact that the Robinhood CEO last week avoided giving a direct answer to the question about the much-expected SHIB listing on the platform.

SHIB hits three all-time highs today

The expectation of this event has been spurring the coin’s massive rally recently. However, today it has flipped several consecutive all-time highs without getting listed by Robinhood. The latest historic peak reached by SHIB has been $0.0000594.

Besides, the petition on that requires Robinhood to list Shiba Inu token has surpassed 326,000 signatures.

At the time of writing, the second largest meme crypto (with a $22,264,604,220 market cap) is changing hands at $0.00005673, as per the data provided by CoinMarketCap.