Better Buy: Dogecoin Under $1, or Shiba Inu Under $1?

Core Insights - The article discusses the aspirations of meme coins like Dogecoin and Shiba Inu to reach the $1 price target, highlighting the unrealistic nature of this goal given their current market conditions and tokenomics [1][2]. Group 1: Price and Market Cap Analysis - Dogecoin is currently priced at approximately $0.18, while Shiba Inu is at $0.00001, indicating a significant disparity in their potential to reach the $1 mark [2]. - Achieving a $1 price for Dogecoin would result in a market cap of $151.6 billion, whereas for Shiba Inu, it would imply a market cap in the multi-hundred-trillion range, making the latter's goal virtually unattainable [3]. Group 2: Tokenomics and Supply Dynamics - Dogecoin has a circulating supply of about 151.6 billion coins, while Shiba Inu has a staggering 589.2 trillion coins, complicating the feasibility of reaching the $1 price point for Shiba Inu [3]. - The rate of coin burning for Shiba Inu through its Shibarium Layer-2 network has been negligible, with low network activity since its launch, suggesting a lack of sustainable value to attract new users [5][6]. - Dogecoin's tokenomics involve a fixed issuance of 5 billion new coins annually, which means that while the dilution rate decreases over time, the path to $1 becomes increasingly challenging [7]. Group 3: Investment Thesis - Both Dogecoin and Shiba Inu are currently priced under $1, but they are not equally likely to reach that target, emphasizing the need for a solid investment thesis before purchasing either asset [8]. - Despite the preference for one over the other, the article concludes that there is no compelling investment thesis for either Dogecoin or Shiba Inu, suggesting that they are not suitable for investors looking to grow their money [9].