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Elon Musk explains why he prefers Dogecoin over Shiba Inu

Elon Musk explains why he prefers Dogecoin over Shiba Inu

The comparison between Dogecoin and Shiba Inu is still taking place in the market, but Elon Musk believes that DOGE is still better.

Elon Musk is a fan of Dogecoin and has even bought a dog of the breed Shiba Inu, named Floki, to symbolize his passion for the meme coin. However, this love has already sparked the creation of many coins in the market since the billionaire admitted that he has such admiration.

One of them is Shiba Inu (SHIB), which has presented itself as an alternative to Dogecoin, which operates as a token on the Ethereum network. Even with these coins at odds on several fronts, one of the fronts that DOGE continues to struggle to improve has to do with payment methods.

Dogecoin creator highlights the strength of the coin and Elon Musk agrees with the statement

Dogecoin’s creator, Billy Markus, stated on Twitter that Dogecoin is the best currency to transact with due to its low network fees. In a comparison photo, he said that while a DOGE shipment costs almost nothing, Bitcoin costs an average of $3.50 and a SHIB of $54.00.

Dogecoin’s low fees make it ideal for all types of transactions.

The high cost of sending Shiba Inu is due to the fact that this token is on the Ethereum network, which is one of the worst networks on the market today for sending values. Paying $54 for a transaction would be spending about R$300.00 to send money online, which makes it impossible to use this network in many cases, especially if they are in small amounts.

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After the co-founder of Dogecoin published, Elon Musk Curteo This message is posted on Twitter, to show support for the idea of ​​using DOGE as a payment method.

In the past few days, Dogecoin released a new update, which made it cheaper to send values ​​over the network. This procedure ended up creating a huge problem in brokerage Binance, but for network users in general, it was very positive.

It is noteworthy that Elon Musk may be about to implement the purchase of Tesla cars using Dogecoin, which may make this currency an official payment method for his company, which will be the second listed on the exchange that sells used Teslas to a move, Since BTZI is already accepted in this currency a few months ago.

For the Shiba Inu community, this is another reminder of the importance of a use case, which in the case of this coin is far from being a means of payment.