DogeCoin (DOGE) Not Made For Speculation Had Utility From Day One

Mishaboar:  To newbies to crypto, on why Dogecoin and Shib (and many other tokens) are so different. First of all, Dogecoin has its own blockchain. Shib is a token built on top of an existing blockchain, Ethereum, and so it is tied to the workings (and fees) of that network.

Second, Dogecoin is an open-source project with 9 years of history. It was not made for speculation. The developers did not hold or ever reserved a significant amount for themselves. We all started mining at the same time, at the same instant.

Shib (and other tokens) are instead made for short-term speculation; that is the purpose they have been designed for. Burning supply and other tricks are just there to make people believe there is a way to artificially inflate the price by affecting the supply.

Dogecoin while built to make fun of cryptocurrencies, actually had utility from day one: I was there. We started using it for tipping from day one, then tipping bots came, and we kept using it in that way for years.

Utility in the case of Dogecoin came also in the form of a thriving and generous community – because, once again, Doge was not *originally* made for speculative purposes. It takes years to build that. You cannot accelerate community building.

Maybe in the future SHIB will have a better community, but what I have seen in the past year is insults, bot attacks, promises, and attempts at inflating the value of the token by launching meaningless crap add-on services so that you buy in. Their memes are non-existent, too.

So the problem here is this. When Robinhood, Coinbase and Binance bunch Doge with Shib, they give the impression the project has the same transparency and decentralized nature of Dogecoin, while it does NOT. Shib, at similar market cap, involves much more risk.

Thus, Mishaboar establishes that DogeCoin and Shiba Inu are not the same.  He also points to how SHIB does not have a personal identity and on how Shib was established as a “Doge-killer”. Thus, it will always be a derivative of the Doge Coin. Thus, Youtubers Legitimizing these tokens according to Mishaboar based on empty marketing and hype and bunching it with Doge does not make sense. He concludes stating – This market is unpredictable and built on hot air. anything can happen. I have nothing against people holding any token. But be careful, do not trust empty marketing or hype.