Dogecoin and Shiba Inu in 2025: Will Other Coins Replace the Meme kings?

Dogecoin and Shiba Inu gained maximum popularity in a minimum time which can be tough for other coins

Dogecoin evolved from being little more than a well-known meme coin in 2013 to a popular investment model recently. For many cryptocurrency investors, DOGE is the foremost dog-themed token that brought in the concept of meme coin. Although Dogecoin has existed for a long time, it gained prominence only in 2020 after garnering attention from celebrities and big names like Elon Musk and Mark Cuban. Owing to the success of the first meme coin, other tokens like Shiba Inu, Safemoon, Baby Doge, etc started emerging from the cryptocurrency sphere.

Among the many meme coins out in the market, SHIB gained maximum popularity in a minimum time. It's sometimes easy to forget that Shiba Inu didn't exist before August 2020. The meme coin came out of nowhere and became the best-performing cryptocurrency of 2021. But since the beginning of 2022, the decentralized ecosystem is undergoing a rough patch. Starting from Bitcoin to Ripple, every crypto's price is on a free fall. Shiba Inu and Dogecoin are no different. At a time when everything seems dark, experts debate over whether SHIB and DOGE will exist or not in the next three years.

The main criticism of Dogecoin and Shiba Inu has been their lack of use cases and utility. Meme coins are exclusively identified with pranks and jokes and are not supported by real-world assets or actual digital enterprises. Their value and stability are determined by virtual conditions, particularly speculation. As a result, if the hype surrounding them fades, their value is very likely to plummet in the lack of any real-world underpinning.

However, understanding the issues behind the lack of real-world applications, Dogecoin and Shiba Inu are evolving to include further use cases and increase the adoption of these cryptocurrencies.

Shiba Inu

Shiba Inu has officially turned to shed its meme coin title to include a further utility for the project. Shiba Inu's developers have created amazing projects like a decentralized exchange, a metaverse initiative, an official burn page, and so on. Shiba Inu's team is still working on additional projects, such as a play-to-earn (P2E) gaming platform and a Layer-2 blockchain called Shibarium.

SHIB is currently accepted as a payment mechanism by hundreds of shops, has secured various partnerships, and is accessible for trade on over 100 exchanges, such as Coinbase, Robinhood, and Binance. The Shiba Inu team built a burning portal, which assisted the community in burning 60B coins in a matter of months.

The Dogecoin Foundation has recently gone through tremendous efforts to convert DOGE into a payment token. Third-party payment connections with Coinbase, partnerships with many prepaid card providers, and the development of a "JSON-RPC interface" allowing stores to link with the blockchain illustrate this directly

Shiba Inu and Dogecoin had a tail-wagging weekend following a surge in retail investor interest that drove some of the biggest value increases in months. The Shiba Inu (SHIB) token price surged more than 34 percent on Monday and is currently the most trending digital asset on the crypto information aggregator coinmarketcap.com. The SHIB token touched a high of US$0.00001774 on Monday morning. Although the exact reason for its price rally is difficult to guess, it could be due to several positive developments concerning crypto.

Dogecoin is up over 12% in the last month and has moved into the top 10 most valuable cryptocurrencies by market capitalization according to CoinGecko. Lower-than-expected inflation prints out of the US last week boosted hopes that the Federal Reserve might be able to ease off its pace of rate hikes, helping riskier assets like crypto.

This shows that Dogecoin and Shiba Inu might come into competition with some other coins but they cannot be replaced.