The Shiba Inu (SHIB) community is not happy with CoinGecko because it compared SHIB and Dogecoin (DOGE) to see which was better.
Through ShibaInuCoin, one of the SHIB Twitter accounts with a lot of followers, a group called the “SHIB Army” said that the cryptocurrency ecosystem isn’t just about which one is better, but about the community, trust, and protecting the environment.
The content in question is an eight-minute video by CoinGecko called “Shiba Inu vs. Dogecoin: Which Is a Better Meme Coin?” Then, a teaser was posted on Twitter, and ShibaInuCoin shared it again.
It’s not ALL about who is Better! It’s about WHY we want to improve people’s lives in the whole crypto ecosystem!
It’s about community! Trust! and Concern for the environment 🌳.
— Shiba Inu (@ShibainuCoin) May 23, 2022
The video talks about where SHIB and DOGE came from and how they work, including SHIB’s tokenomics, how its communities are growing, and what its plans are. Even though each segment of the video didn’t go into a lot of detail, it had enough information for viewers to understand both cryptos.
“Both started as a joke, but have since gained a lot of attention and grown into strong communities,” CoinGecko said. Both tokens have, in fact, gained a lot of fans. SHIB and DOGE both have more than six million followers on Twitter and about 2.7 million subscribers on their subreddits, but DOGE has more. This shows that these investors have faith in the projects.
ShibaInuCoin said that a project should also care about the environment, but the whole industry hasn’t shown that it is a green technology yet. SHIB is an ERC-20 token based on Ethereum, which at the moment uses a consensus mechanism called proof-of-work (PoW) mining. The Digiconomist, which keeps track of how much energy is used, says that DOGE uses as much energy as El Salvador.
No matter how CoinGecko made the video, the platform still let the community decide what the final verdict should be. Investors have to do their own research and put their money into projects they believe in.