In 2024, Bitcoin experienced a 69% increase in value, while Shiba Inu surged by 136%. This significant difference has sparked speculation within the community regarding whether Shiba Inu has surpassed Bitcoin or has the potential to become a prominent player alongside the dominant flagship cryptocurrency, especially with its ETF now available in the market. There is also debate about the opportune moment to invest in SHIB.

Comparing the token values, Bitcoin is priced at around $69,000, whereas SHIB is listed at $0.0000246. To elevate its status, SHIB would require substantial community efforts. Additionally, Shiba Inu operates as a meme coin, heavily influenced by social media sentiments, similar to the impact seen with Dogecoin after endorsements from figures like Elon Musk and Mark Cuban.

Bitcoin, however, is regarded as digital gold, valued for its ability to store wealth and appreciate over time despite market volatility. Bitcoin's ETF product offers exposure to traders and investors without direct ownership, further bolstering its appeal.

Bitcoin's utility is expanding, with increasing acceptance as a payment method worldwide. While altcoins gained traction during Bitcoin's consolidation phase, Bitcoin's resurgence suggests a potential new all-time high, possibly surpassing $75,000 by the coming month.

Analysts foresee Bitcoin reaching heights of $84,000 to $100,000 by 2024, or even touching $150,000. Shiba Inu aims to surpass Dogecoin's meme dominance but has a considerable distance to cover to challenge Bitcoin. Despite Shiba Inu's impressive performance this year, its potential may be more psychological than tangible.

Investing in cryptocurrencies, including SHIB, requires careful research and risk assessment. This article does not provide any recommendations or advice for investment decisions.