Dogecoin (DOGE) was the first coin to feature a Shiba Inu dog as its logo. Other cryptocurrencies retook the idea of a “meme coin” more recently. The most prominent case is Shiba Inu (SHIB), which promised to become “a Dogecoin killer.” Both cryptocurrencies have had enormous success, delivering good profits to investors and traders that have taken the risk of investing in them.
As of the first week of April 2022, Dogecoin ranked as the #12 most valuable cryptocurrency by market capitalization, according to CoinMarketCap. Likewise, Shiba Inu ranked as the #15 most valuable crypto. Despite these positions, SHIB was the best performer in 2021. It has a one-year growth of +32,431,073 %. In comparison, DOGE had a “modest” increase of +4,137 %. These numbers prompted several investors to seek DOGE convert to Shiba.
But is it a smart move to convert your DOGE holding to SHIB? To answer this question, we have to look at the price predictions for both cryptocurrencies. You can decide whether to exchange or hold your DOGE assets with such information.
Shiba Inu Forecast for the Next Few Years
In the first week of April 2022, each SHIB coin trades at approximately $0.000025. Experts believe that a new price surge could occur in 2022. This coin’s price could climb to $0.000093 by the end of this year. In 2025, the SHIB price could reach $0.000244. More conservative predictions put the price at half that value. In any case, the predicted trend is bullish.
Some Shiba Inu proponents think this coin could cross the $1 line in 2030. However, experts believe it is unfeasible. At most, SHIB could sell at $0.01 in 2030. But if the supply reduces, the price of this digital asset could increase. Following this idea, the developers of Shiba Inu have implemented a coin burn to reduce supply.
Dogecoin Forecast for the Next Few Years
In the first week of April 2022, each DOGE coin trades at approximately $0.14. Experts do not think this cryptocurrency will increase its value significantly in 2022. The maximum DOGE price this year will likely be $0.17. However, it could fall to $0.11. By the end of 2023, this coin will probably trade at $0.22. In 2025, DOGE could trade at a maximum of $0.35.
As seen, SHIB has better prospects. However, both cryptocurrencies are volatile. Nobody can guarantee the survival of any of these digital assets. Moreover, several experts think Shiba Inu is a riskier investment than Dogecoin. Hence, the decision of whether to swap your DOGE assets for SHIB is entirely yours.
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How to Keep Your Dogecoin Assets Safely
To hold DOGE securely, you should use a reliable crypto wallet. If you plan on trading cryptocurrencies, a multicurrency wallet will serve your purpose better. But what is the best multi currency wallet to hold this cryptocurrency? We review the best alternatives:
- Exodus. This multicurrency wallet is available in desktop and mobile versions. It supports more than one hundred digital coins and tokens. Thanks to its easy-to-use interface, this wallet is perfect for beginners and experts alike. Exodus features a built-in exchange, allowing swapping coins directly from its interface. The manufacturer offers outstanding customer support.
- Ledger Nano X. This hardware wallet comes with everything you need already preinstalled. It supports more than thirty digital coins and tokens. It is commonly regarded as the best wallet for Ethereum (ETH) users. It needs to be connected to the USB port of a computer with Internet access to operate.
- Trezor. Another hardware wallet, quite similar to Ledger Nano X. However, it supports more than 1,600 digital coins and tokens. However, it is not recommended for beginners.
Choose the crypto wallet you prefer from the list above, and you will have safe storage for your dog-themed coins.