Cryptocurrency has really taken off in recent years, and most recently the success of meme coins have caught they eyes of investors.
The two to have gained the most attention appear to be Shiba Inu and Dogecoin, especially with the endorsement of Elon Musk.
What might these cryptocurrency coins look like in the near future for current investors?
Are Shiba Inu or Dogecoin at risk of crashing in the cryptocurrency world?
Events like COVID-19 and the war between Ukraine and Russia are impacting the current Crypto market.
Those worried about Shiba Inu and Dogecoin are because of competitive cryptocurrencies like Bitgert, Seesaw Protocol, Lucky Block, and Avalanche.
Shiba Inu is in the middle of preparing to launch Shibarium layer-2 to help the brand.
The longer the launch is delayed, the more negative the impact.
Shiba Inu also burned billions of cryptocurrencies to increase demand.
Dogecoin came around in 2013 and is expected to continue its growth.
The coin was originally intended to compete with Bitcoin.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to [email protected].