With the bull run developing further in 2024, the meme-inspired coins are prepared for another bullish standoff this year. the coins saw a huge demand in late February and early March, the top coins in the meme coin industry performed over 300%, while some penetrated the 800% milestone.
In the midst of this recently discovered frenzy for hype and community-driven altcoins, top coins like Dogecoin and Shiba Inu are the most widely recognized investment choices. Notwithstanding, the deep-rooted question continues as before for these two meme coins, which of the two has the potential to surpass the other?
A scrutinization has been carried out as artificial intelligence has been put to test to summarize the result of the dominant question about the two Altcoins.
Recall that early this week Shiba Inu made a post calling out the entire crypto space to anticipate the end of DOGE rein, according to the statement by a member of the Shiba Inu team: “The Doge days are numbered” This is an indication that Shiba Inu and DOGE are two elephants staggering for supremacy.
Read Also: Dodgecoin Days Will Soon Be Over: Shiba Inu Aims to Overshadow Dogecoin In Market Valuation.
Doge Vs. Shiba Inu
Dissecting the chart of the Shiba Inu and Dogecoin, the bull run is noticeable in both. Notwithstanding, the bullish reversal in the SHIB price outperforms and retests the breakout of the 23.60% Fibonacci retracement. meanwhile, the DOGE price battles to outperform this retracement level.
Furthermore, the recent bull run in Shiba Inu is at 250% in about fourteen days, while the DOGE is up by 100%. In any case, the retracement in the SHIB price has become more serious in recent weeks while Dogecoin keeps to a sideways trend.
Consequently, the volatility of the Shiba Inu price pattern is noticeably higher than that of the original meme coin, DOGE. Reason being that, taking into account the bull run starts, the Shiba Inu price is expected to scale new levels quicker and sooner than Dogecoin, which, thus, gives better returns. However, the risk is nearly higher.
Read Also: Meme Coin Showdown: Shiba Budz (BUDZ) Emerges as a Rival to Shiba Inu (SHIB)
ChatGPT Summation
The ChatGPT, one of the most reliable artificial intelligence software began the examination with the fundamental Fibonacci levels and price levels. In light of this, the simulated intelligence predicts the meme coin Shiba Inu is significantly more volatile than Dogecoin.
In light of the price action and basic examination, the artificial intelligence predicts SHIB to beat DOGE in 2024 with more unique price action.
Analyzing further, the GPT predicts Shiba Inu to reach $0.0001649 or the 2.618 Fib level in 2024 for another all-time high. In the interim, the mem coin DOGE could arrive at the 1.618% Fib level at $0.8773.