Dogecoin Soars 218% In A Year While Shiba Inu Trails At 73%—What’s Driving the Gap?

Dogecoin (CRYPTO: DOGE) has notably outpaced Shiba Inu (CRYPTO: SHIB) over the past 12 months, kickstarting a debate on social media over what drives this performance.

The apex meme coin has surged 218% over the past year, outpacing Shiba Inu’s 73% gains.

DOGE saw its first major spike in March 2024, with bullish sentiment continuing into late 2024, especially after Elon Musk’s D.O.G.E references.

Shiba Inu has focused on utility, with significant token burns and the launch of its metaverse to increase adoption. However, these efforts have yet to translate into …

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