Dogecoin, Shiba Inu, and Big Eyes Coin – Crypto’s Top Dogs and the Cat that Could Change it All

Shiba Inu (SHIB) intends to teach Dogecoin (DOGE) some new tricks with the "Shanghai" upgrade on the Ethereum (ETH) blockchain, but many investors are putting their money on a new unlikely contender in this dogfight – a cat. Big Eyes Coin (BIG) is an upcoming currency that represents the characteristics of its cute mascot, Big Eyes the Cat. With startling tenacity, an ability to observe its environment before acting, and an appeal to the meme coin community, BIG offers an alternative for traders to become excited by in the upcoming bull run.

All Bark, No Bite

Elon Musk's continued support for Dogecoin (DOGE) could help the cryptocurrency reach exciting new heights as the bull market continues. With his recent promotion of DOGE by temporarily changing the Twitter logo to an image of Kabosu, the Shiba Inu who's wide-eyed photo inspired the "Doge" meme and subsequent creation of Dogecoin (DOGE), Musk caused the value of DOGE to increase by 16%. This is the highest the coin has been valued at for the past six months, and it has become apparent that having an ally as powerful and influential as Elon Musk could dramatically alter the trajectory of the currency as any future exposure from Musk's tweets could contribute to the rise of DOGE. Crypto enthusiasts eagerly await what Musk's next move could be, and if Dogecoin (DOGE) could be a driving force in the next meme coin explosion. However, since the Twitter logo has been returned to its original blue bird, the value of DOGE has begun to fall again, suggesting that the meme coin community has already moved on to the next most exciting thing.

Who will come out the Alpha?

Shiba Inu (SHIB) and Dogecoin (DOGE) have been fiercely locked in crypto's most well known dogfight, although SHIB has yet to exceed DOGE's price. Being issued on the Ethereum (ETH) blockchain, SHIB operates under proof of stake technology, which has the potential to overtake the proof of work algorithms that have previously dominated the industry under the giant Bitcoin (BTC). DOGE also operates on its own blockchain using a proof of work system, but they may be barking up the wrong tree as this threatens to become obsolete following the rise of more eco-friendly proof of stake. However, as DOGE has been longer established and has a larger and more active user base, SHIB has yet to find the same level of success that DOGE has.

No Need for Nine Lives

Having Elon Musk as a driving force behind the popularity of Dogecoin (DOGE) is a double-edged sword, as while his influence in popular culture clearly has a massive impact on the crypto market, relying on an undeniably controversial individual to determine value could negatively affect DOGE if Musk falls out of favour with the general public. Other meme coins like SHIB and Big Eyes Coin (BIG) have managed to avoid this predicament, by recognising the power of meme coins is in the mass appeal, and they have sought to engage with a more general audience, thus avoiding any possibility for value-damaging controversy. BIG has also recognised the possibility of the decline of proof of work and has opted for the more environmentally conscious proof of stake, protecting themselves from the growing discontent around carbon emissions in crypto. This forethought that has been established during their presale stage, which ends on the 3rd of June, shows that Big Eyes Coin will be able to move with the fluctuations of popular opinion as well as becoming a promising investment opportunities for everyone from cat-lovers to crypto experts.

Ultimately, this battle of Shiba Inu and Dogecoin is a long way from its conclusion, and few can predict what effect Elon Musk or the wider meme coin community will have on their value in the future. It is important, however, to not discount the scrappy little kitten who is on his way, and ask if these two hounds can be tamed by Big Eyes Coin.