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Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) were both initially created as parodies of other coins. Dogecoin was launched as a parody of Bitcoin (CRYPTO: BTC) in 2013, and Shiba Inu was created to poke fun at Dogecoin in 2020.
Dogecoin and Shiba Inu were both dubbed " meme coins " because they were both named after the popular "Doge" meme which featured a Shiba Inu dog. Many investors initially dismissed them as jokes, but they've both generated massive gains.