Comparison of Dogecoin to Shiba Inu is still underway in the market, but Elon Musk believes that DOGE is still better.
Elon Musk is a fan of Dogecoin and even bought a dog of this breed. Shiba inu, named Floki to symbolize his passion for coin memes. However, this love has already sparked the appearance of several coins on the market, as the billionaire admitted that he has this admiration.
One of them is Shiba Inu (SHIB), which presents itself as a replacement for Dogecoin, which operates as a token on the Ethereum network. Even though there are disputes between these currencies on several fronts, DOGE continues to struggle to improve its means of payment.
Dogecoin Creator Highlights Currency Power And Elon Musk Accepts Statement
Dogecoin creator Billy Markus stated on his Twitter that Dogecoin is the best currency for transactions due to the low fees charged by the network. In the comparison image, he said that while DOGE delivery costs next to nothing, Bitcoin costs an average of $ 3.50 and $ 54.00 in SHIB.
“Dogecoin’s low fees make it ideal for all types of transactions.”
The high cost of sending Shiba Inu is due to the fact that this token is on the Ethereum network, which today is one of the worst on the market for sending values. By paying $ 54 per transaction, you will spend about R $ 300 sending money over the Internet, which in many cases makes it impossible to use this network, especially if it is a small amount.
After the publication of the Dogecoin co-founder, Elon Musk Curtiu This is a Twitter post showing support for the idea of using DOGE as a means of payment.
Over the past few days, Dogecoin has released a new update that has made sending values over the network even cheaper. This action led to a big problem for the broker. Binancebut for netizens in general, everything was very positive.
It is worth remembering that Elon Musk may be looking to purchase Tesla vehicles with Dogecoin, which could make this currency the legal tender for his second-listed company that sells used Tesla vehicles to make a move. as BTZI already accepts payments in this currency a few months ago.
For the Shiba Inu community, this is another reminder of the importance of using a use case, which in the case of this coin is far from being a means of payment.
