The cryptocurrencies dogecoin (DOGE) and shiba inu (SHIB) have made huge gains in 2021. In fact, both of these digital assets have outshined a great number of cryptos as far as percentage gains against the U.S. dollar are concerned.
For example, investing in bitcoin (BTC) a year ago shows the investor would have gained a nice 290% against the USD. Dogecoin, on the other hand, at $0.37 per unit would have made the investor 14,787%, according to today’s 12-month data.
Shiba inu tokens were invoked in August 2020 and are only 10 months old, newbies in comparison to dogecoin’s 2013 OG origins. There is no price data prior to January 1, 2021, which notes that SHIB was trading for $0.00000001 according to Coingecko.
The price remained in this range for a few weeks after, but since then the token has risen 90,100% to today’s $0.00000862 exchange rate. 30-day stats show DOGE is down 33% but SHIB is up 425.6% over the course of the month.
Dogecoin investors have Elon Musk to thank this year, and on the other side of the token shiba inu investors can in turn thank dogecoin. While dogecoin was created by software engineers Billy Markus and Jackson Palmer as a joke and for fun, SHIB was also created for the same reasons. However, no one knows the identity of the SHIB programmer, as the ERC20 token was launched by its anonymous founder known as “Ryoshi.”
Moreover, there are a lot more SHIB tokens in circulation than DOGE. Data shows 497 trillion SHIB tokens exist today while there’s only 129 billion DOGE in circulation.