The leading meme currencies Shiba Inu and Dogecoin are the most popular cryptocurrencies in the market. The low prices are the reason why investors are flocking to buy these assets, as they are easy to accumulate.

Ordinary investors do not feel pressured when placing orders because they have accumulated thousands of tokens at low prices. This keeps the trading volume of SHIB and DOGE stable, and there is rarely a drop within the trading day.

At the beginning of 2024, many investors will hope to place their hopes on Shiba Inu and Dogecoin. They hope that if Shiba Inu and Dogecoin skyrocket in the rankings, it will change their fortunes for the year. However, reality is different from fiction, as the market has disappointed most investors.

If you invested $1,000 each in Shiba Inu and Dogecoin at the beginning of the year, how much money would you make today? In this article, we will focus on whether SHIB or DOGE has been profitable in 2024.

Which cryptocurrency has a higher return in 2024: Shiba Inu or Dogecoin?

In 2024, Shiba Inu has performed better than Dogecoin and has a better return so far this year. Since the beginning of the year, SHIB has surged by nearly 30%, while DOGE has gained 3.61% in profit. Therefore, DOGE has only generated 10% of the profit that SHIB has made so far this year.

If you invested $1,000 in Shiba Inu at the beginning of the year, this investment may have turned into $1,300 today. The same investment in Dogecoin may have turned into $1,036 today. Therefore, during the same period, the return on SHIB may be $264 more than DOGE.

In addition, in March this year, Shiba Inu surged by nearly 280% after the Bitcoin halving. Although the market entered a bullish phase in the first quarter of 2024, the price of Dogecoin did not double. Nevertheless, SHIB has retraced most of its gains in the second quarter and is currently approaching its low point in 2023.