From Yahoo Finance: 2025-04-12 04:42:00

Shiba Inu has been lagging behind Dogecoin for the past year, partly due to Dogecoin’s association with the Department of Government Efficiency (DOGE) agency led by Elon Musk. However, Shiba Inu’s recent milestone of hitting 1 billion transactions on its Layer-2 blockchain, Shibarium, shows potential for real-world use and adoption.

Despite the positive milestone, Shiba Inu’s value hasn’t seen a significant increase, as the overall crypto market has been struggling due to global economic concerns. Bitcoin, Dogecoin, and Shiba Inu have all experienced declines, with Dogecoin dropping 53%, Shiba Inu down 46%, and Bitcoin falling over 15% since the start of the year.

With its lower valuation compared to Dogecoin, Shiba Inu could become more attractive to investors if enthusiasm returns to the crypto market. The recent Shibarium milestone may serve as a catalyst for a potential rally, but market conditions and investor sentiment remain uncertain, making Shiba Inu a risky investment.

While Dogecoin has been in the spotlight recently, Shiba Inu’s lower valuation could make it a compelling alternative if interest in Dogecoin wanes. The recent Shibarium milestone, although overshadowed by market volatility, shows promise for Shiba Inu’s future growth potential in the crypto space.

Read more: Could Shiba Inu More Than Triple in Value and Catch Up to Dogecoin?