Shiba developers plan on releasing their own DEX called ShibaSwap as a foundation for their ecosystem. Dogecoin could be left in Shiba’s shadow because it runs on its own network based on the Bitcoin blockchain that isn’t compatible with smart contracts. They can accomplish this because Shiba was built on the Ethereum blockchain. However, the developers of Shiba plan to build an entire ecosystem around the token. Shiba shares a Shiba Inu mascot with Dogecoin, and both currently have little functionality beyond making payments. Shiba is a meme coin which is a cryptocurrency asset that is popularized and spread as a joke, theoretically increasing its fundamental value by expanding adoption of users and developers. Is Shiba Inu a Good Investment in 2022?.Is Shiba Inu the Dogecoin killer? Keep reading to learn more about Shiba Inu and how it came to be. The Shiba team also has more options in terms of functionality than Doge because it can take advantage of Ethereum smart contracts, allowing it to provide much more nuanced and useful financial services while remaining decentralized.

Shiba has already proved more useful to the world than Doge because 10% of its max supply was donated to a COVID-19 relief charity, and Doge hasn’t done much other than exist as an internet currency and meme. However, the developers of Shiba don’t want to follow Doge forever and instead aspire to be the “Doge Killer.” Its main goal is to build a completely decentralized ecosystem based around the Shiba Inu token and a decentralized exchange ( DEX) that it says will launch soon. In the age of doggy-themed meme coins beating out innovative cryptocurrencies vital to the ecosystem with ludicrous gains, Shiba leads the charge behind only its inspiration, Dogecoin (DOGE).

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