But Dogecoin was first to take this role and SHIB is just a clone. Clones never get as far as the original project did.
Exactly. There really is no use to SHIB other than being a purely-speculative cryptocurrency. There are many clones aiming to become the "next Dogecoin", but they've ultimately failed as people move on to the next big thing in crypto. Dogecoin may have been created as a "joke" but it's one of the oldest altcoins in existence with a tried-and-tested blockchain network. Not only that, but the DOGE community is a lot bigger than SHIB's.
I believe SHIB is extremely hyped right now, as newcomers into crypto pour money into it with the hopes of becoming rich quick. They'll be sorry in the long run as everything goes down the drain faster than you could've ever imagined. I wouldn't consider SHIB a tough competitor to DOGE because of the reasons mentioned earlier. Who knows how long it'll last? Just my thoughts
Very scary if you'll going to put your money while the price is peaking,
There's a high chance that this hypes will end and you might trapped out and lose a lot, like how you describe this project
more on specualtive and without those who are behind this pump, there's no real use case for this coin.
Better to focus with other project if you are not willing to lose your money.
Good for you, but always have alternative plan if something happen, this asset maybe pumping now but expect that
there's are always possibilities of quick dumped.