Look Out, Dogecoin and Shiba Inu: This Might Be the Next Breakout Cryptocurrency – Motley Fool

Look Out, Dogecoin and Shiba Inu: This Might Be the Next Breakout Cryptocurrency – Motley Fool

Dogecoin (CRYPTO:DOGE) started out as a joke, but plenty of investors laughed all the way to the bank as the cryptocurrency skyrocketed. Sure, it’s close to 65% below the high set in May. However, anyone who bought the digital coin 12 months ago and held on is sitting on a gain of nearly 9,300%.

Shiba Inu (CRYPTO:SHIB) has been a much bigger winner so far this year. It’s up a mind-blowing 95,279,000% or so over the last year. There are millionaires and even billionaires who owe their fortunes to the popular token.

But it will be very difficult for Dogecoin and Shiba Inu to repeat these performances over the next 12 months. However, there are other digital tokens that hold the potential for ginormous gains. Look out Dogecoin and Shiba Inu — there’s one rival that just might be the next breakout cryptocurrency.

A person looking at a laptop while holding hand on a Shiba Inu dog.

Image source: Getty Images.

The ultimate Elon Musk token?

The obvious common denominator between Dogecoin and Shiba Inu is that they both use the Shiba Inu hunting dog as a symbol. However, there’s also another tie between the cryptocurrencies: Both
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