Earlier today (October 27), Joe Weisenthal, the executive editor of news for Bloomberg Digital, talked about two most popular dog meme coins — Dogecoin and Shiba Inu — and explained why the former is now considered boring while the latter is considered cool.
Weisenthal, who is “also the co-anchor of ‘What’d You Miss?’, Bloomberg Television’s flagship markets program, as well as Bloomberg’s ‘Odd Lots’ podcast”, shared his thoughts about these two highly popular meme-based cryptoassets in today’s Bloomberg Markets newsletter.
Weisenthal says that although “it’s tempting to just call SHIB just a Dogecoin ripoff,” it has two big advantages over its older rival:
- “SHIB is built on Ethereum, and so has more advanced smart-contracting Profile capabilities.“
- “SHIB is a lot cheaper.“
