If you invest a total of $2,000 (about 2.9 million won) over 5 years through 2030, which coin will post higher returns, Shiba Inu (SHIB) or Dogecoin (DOGE)?
On Feb. 11, blockchain outlet The Crypto Basic reported that Dogecoin is in a more favorable position than Shiba Inu due to strong support from Tesla CEO Elon Musk and the attraction of institutional investment.
As of Feb. 11, Dogecoin is trading at $0.09042 and Shiba Inu at $0.000005838. At those levels, $2,000 would buy about 22,119 DOGE or 342.58 million SHIB. Returns vary widely depending on how prices move.
Crypto analysis site Changelly forecast Shiba Inu would rise to $0.0000625 in 2030, delivering a 970 percent return. Telegaon predicted it could climb to $0.000124, implying a 2,024 percent gain.
Dogecoin is more likely to post stronger gains. Changelly expected Dogecoin to reach $1.02 in 2030, a 1,028 percent rise. Telegaon forecast it could climb to $4.06, suggesting a potential 4,390 percent increase. Based on those projections, a $2,000 investment is expected to grow to as much as $42,480 in Shiba Inu and $89,803 in Dogecoin.
In conclusion, Dogecoin is seen as more likely to deliver higher returns. Musk has announced a plan to send Doge to the moon in 2025, and Dogecoin-related exchange-traded funds are attracting more than $20 million in funds.
By contrast, Shiba Inu has neither Musk's backing nor ETF approval. Developer Shytoshi Kusama stepping down from the project is also a source of unease. The outlet pointed out that it is uncertain whether Shiba Inu will even survive until 2030.