Meme coins like Shiba Inu and Dogecoin are gearing up for a new bullish showdown. Amid this new hype and community-driven altcoin craze, top coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have become the most common investment options. However, current market conditions have investors wondering which of the two meme coins will perform better.

To solve this age-old problem, Coinpedia tested a new generation of artificial intelligence technology. They asked this question to determine which meme coin (Shiba Inu or Dogecoin) is expected to be the best performing coin.

Comparative Analysis: Shiba Inu vs. Dogecoin

After analyzing the weekly charts, it is clear that both coins are experiencing a significant bull run. However, the bullish reversal in SHIB price has surpassed and retested the breakout of the 23.60% Fibonacci retracement level. Although DOGE price struggled to break above this retracement level.

Additionally, during the recent bull market, the Shiba Inu experienced a 200% surge over the past 30 days. However, Dogecoin grew by 100%. It is important to highlight that the retracement in SHIB prices has intensified over the past two weeks. Dogecoin, on the other hand, maintains a sideways trend.

Analysis shows that Shiba Inu price trends appear to be significantly more volatile. Given the current bull run in the market, we expect the Shiba Inu price to reach unprecedented heights sooner than Dogecoin, potentially providing investors with great returns.

ChatGPT’s view: SHIB surpasses DOGE

To support and get a clearer view of the analysis, Coinpedia shared chart images with ChatGPT. The AI ??started its analysis by examining fundamental Fibonacci levels and price levels, ultimately predicting that Shiba Inu would be much more volatile than Dogecoin.

Based on price action and fundamental analysis, ChatGPT predicts that SHIB will outperform DOGE in 2024, exhibiting more dynamic price action. Near qun+v: 362014583 Upon further analysis, AI suggests that Shiba Inu may reach $0.0001649, the 2.618 Fibonacci level, in 2024. In comparison, ChatGPT predicts that Dogecoin may reach $0.8773.

Nonetheless, investors must exercise caution when delving into the memecoin market and conduct thorough research before making any investment decisions. The cryptocurrency space is known for its high volatility and unpredictable nature, and meme coins in particular are susceptible to rapid price swings driven by market sentiment and hype.

熱點(diǎn)：DOGE DOGECOIN INU