Dogecoin Or Shiba Inu (Shib) For February? Meme Coin Price History Reveals 397% Imbalance

Shiba Inu (SHIB) has consistently outperformed Dogecoin (DOGE) in February since 2021, posting an average monthly return of +9.26% compared to DOGE's -2.33%, according to CryptoRank data. Notably, SHIB surged 41.3% in February 2024 while DOGE fell nearly 39%, continuing a three-year trend of superior performance in the same month.

Market analysts attribute SHIB’s gains to seasonal investor rotation into speculative, high-beta assets, in contrast to DOGE’s evolving role as a more stable, institutional-friendly asset. With the recent launch of the 21Shares Dogecoin ETF and a shift toward regulated financial products, DOGE has taken on a safer profile, while SHIB remains a momentum-driven, unregulated meme coin favored during February rallies.