Millionaire Who invested $100k In Each Receives Bigger Return In GEGG Than In SHIB and Doge

In the fast-paced world of cryptocurrency, meme coins continue to capture the attention of both retail and institutional investors. Dogecoin (DOGE) and Shiba Inu (SHIB), the titans of the meme coin arena, have brought considerable profits to early investors. However, a recent analysis shows that GoodEgg (GEGG), a newer entrant in the meme coin market, is offering significantly higher returns. A millionaire who invested $100K in each meme coin found that GoodEgg’s profits outshined both Shiba Inu (SHIB) and Dogecoin (DOGE), making GEGG a strong contender in the meme coin space.

Dogecoin (DOGE): The Pioneer Still Battling Volatility

Dogecoin (DOGE), often regarded as the original meme coin, has seen a rise and fall that few cryptocurrencies can rival. Initially created as a joke in 2013, Dogecoin (DOGE) captured the hearts of millions, thanks to its community-driven approach and backing by influential figures like Elon Musk. By 2021, Dogecoin (DOGE) reached unimaginable heights, with its price skyrocketing due to internet memes, social media hype, and celebrity endorsements.

However, for those who bought in at its peak, Dogecoin (DOGE) has proven to be a double-edged sword. Santiment’s data reveals that while Dogecoin (DOGE) saw a short-term gain of 1.7%, long-term holders have faced losses of up to 20.8%. As social media discussions about DOGE diminish, analysts believe its future price movement will depend heavily on FOMO (fear of missing out) and FUD (fear, uncertainty, and doubt) cycles.

Despite its volatility, Dogecoin (DOGE) remains in the top 10 cryptocurrencies by market capitalization. Many traders continue to eye it for short-term gains, while others are holding on, hoping for a resurgence of interest and market excitement. But with retail investors showing less enthusiasm and few major developments, it’s unclear when DOGE will regain its bullish momentum.

Shiba Inu (SHIB): Struggling to Regain Its 2021 Glory

Shiba Inu (SHIB), born in the wake of Dogecoin (DOGE)’s popularity, initially positioned itself as the “DOGE killer.” SHIB took the meme coin world by storm in 2021 with massive gains, propelling it into the top 20 cryptocurrencies by market capitalization. Yet, 2024 has not been as kind to Shiba Inu (SHIB).

According to Santiment, Shiba Inu (SHIB) has underperformed compared to Dogecoin (DOGE), with long-term holders suffering losses…