Finance

Dogecoin Vs Shiba Inu: Which Crypto Is Green After Twitter Purchase?

By Aahil

November 08, 2022

Dogecoin's price has increased by 50% in the past 36 hours since Elon Musk, a vocal supporter of the alternative currency, acquired Twitter.

After being formed two years ago in an almost mimicking form of Doge, which was established eight years ago by Billy Markus and Jackson Palmer "as a joke," Shiba Inu frequently moves in step with Doge.

Over the past 48 hours, the price of the original meme coin, DOGE, has skyrocketed as Elon's intended takeover of Twitter seems to be coming to an end.

The addition of LEASH and BONE, both of which are best purchased through ShibaSwap, into the SHIB token ecosystem has already added significantly to its value.

During the crypto winter of 2022, there is a lot of discussion about two of the most well-known coins, Shiba Inu and Dogecoin.

Their popularity soared because they are both based on internet meme dogs, and Elon Musk even tweeted once that Dogecoin would be the currency on the Moon.

Being an ERC-20 token, SHIB uses a proof-of-work mechanism that, for all intents and purposes, provides it a transaction rate comparable to Dogecoin.

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