Bloomberg’s top anti-Bitcoin reporter shared his take on why SHIB might be better than Dogecoin and why the latter can be called a “boomer coin”
Joe Weisenthal, a Bloomberg TV and podcast host who often criticizes Bitcoin, has touched on the difference between Shiba Inu and Dogecoin in his Twitter thread, claiming that SHIB has something that DOGE does not. Here’s what he is talking about.
“DOGE is a boomer coin”
Weisenthal tweeted that today he dedicated his regular newsletter to Dogecoin. The red thread in it is that, according to the crypto critic from Bloomberg, DOGE has turned into a “boomer meme coin.”
He listed the main advantages of SHIB that Dogecoin does not have: The coin is developed according to a rapid roadmap, it has its own decentralized crypto exchange, Shiba Inu-based NFTs, and advanced capabilities for smart contracts.
Further, the Bloomberg TV host stated it is a lot cheaper to buy than DOGE. He believes SHIB is on the verge of toppling Dogecoin for place on CoinMarketCap’s top ten ladder. At the moment, SHIB holds 11th place, preparing to take 10th place away from DOGE, he believes.
“DOGE’s low price is its USP against BTC and ETH”
Joe Weisenthal also said that when it comes to Dogecoin, its low price right now is a major selling point against Bitcoin and Ethereum. The author is a Bitcoin critic, so he does not seem to take into account the more important advantages of Bitcoin beyond its price and does not believe in BTC as a store of value that is overtaking gold now for many institutional investors.
Therefore, it only compares DOGE, Bitcoin, and Ethereum by price. However, he adds that the emission of DOGE is much greater than that of BTC and ETH, so cheapness here is not quite a sustainable edge.
SHIB is better than DOGE, according to Eric Wall
According to a recent tweet, from Arcane Assets CIO, Eric Wall, SHIB is a much better cryptocurrency than DOGE. This is because SHIB is not linked to Litecoin in mining, unlike Dogecoin.
Besides, he reckons that not being inflationary by nature and being invulnerable to Elon Musk’s tweets, as has been proved recently, are also great advantages of SHIB.
On Sunday, Tesla’s CEO said he does not own a SHIB and prefers projects in which producing goods and services for other human beings and not focusing on money at all costs. After this tweet, SHIB first plunged about 14%.
However, later the coin started to rise despite this tweet and despite the fact that the CEO of Robinhood last week avoided giving a direct answer to the question on SHIB’s long-awaited list on the platform.
SHIB hits three all-time highs today
The expectation of this event has been spurring the coin’s massive rally recently. However, today he has reached several consecutive highs without being listed by Robinhood. The latest historic peak reached by SHIB was $0.0000594.
Additionally, the petition on Change.org that compels Robinhood to list the Shiba Inu token has exceeded 326,000 signatures.
At press time, the second-largest meme crypto (with a $22,264,604,220 market cap) is changing hands at $0.00005673, as per data provided by CoinMarketCap.
