Meme Coin Showdown: Which Asset Has More Upside Potential?

After their historic peaks in 2021, Dogecoin and Shiba Inu have lost most of their value. Both meme coins now trade at levels last seen several years ago.

However, a lower price does not automatically create a stronger return opportunity. A recent analysis from the 99Bitcoins YouTube channel compared the two assets and reached an interesting verdict about their possible returns.

Dogecoin still has a much larger market capitalization of around $10.87 billion and stronger historical support, according to the analysis. In contrast, Shiba Inu's smaller valuation could make percentage growth easier, but SHIB has already lost its main support level from 2023.