From an economist’s perspective, Dogecoin and Shiba Inu represent two different approaches within the meme coin sector: brand recognition vs. ecosystem development.
Dogecoin (DOGE) benefits from first-mover advantage and mainstream adoption, but its lack of development raises concerns about long-term viability. Without innovation or increased utility, DOGE relies primarily on speculative interest and high-profile endorsements (e.g., Elon Musk).
Shiba Inu (SHIB), on the other hand, is attempting to transition from a meme coin into a utility-driven ecosystem with Shibarium, DeFi integration, and NFT use cases. However, the challenge lies in whether these developments will translate into sustainable demand beyond speculation.
For long-term survival, meme coins must evolve beyond hype. Newer meme coins that integrate real-world use cases, strong tokenomics, and community-driven governance could challenge the dominance of DOGE and SHIB. While both have strong communities, their ability to innovate and adapt will determine whether they remain relevant or get overshadowed by the next wave of utility-driven meme tokens.