Dogecoin News Today: Contrasting Paths: Dogecoin's Institutional Expansion Against Shiba Inu's Foundational Challenges

The cryptocurrency sector is currently experiencing two contrasting stories as

coins such as (DOGE) and (SHIB) head in different directions. Dogecoin is benefiting from increased institutional interest, while Shiba Inu is encountering structural challenges, even after its recent mention in . At the same time, the market’s growing preference for tokens with real-world utility is shifting investor focus.

Dogecoin, which started as a parody, has now become a key interest for major investors. The recent approval of T. Rowe Price’s Active Crypto ETF by the U.S. Securities and Exchange Commission (SEC) is a notable development. This fund, which lists Dogecoin among its investable assets, seeks to outperform leading crypto benchmarks through active management. Corporate reports, such as the

, further highlight the increasing involvement of institutions and reinforce this momentum. This trend reflects a rising level of institutional trust in meme coins, especially those with strong communities and ample liquidity.

Shiba Inu, on the other hand, is navigating a more complicated environment. While being included in the T. Rowe Price ETF filing marks a step toward legitimacy, blockchain data shows that

has dropped below $1 million since early October, pointing to a significant lack of utility. Experts attribute this to the gap between SHIB’s enormous supply—over 589 trillion tokens—and the slow progress of its deflationary efforts. Even with a recent 42,000% spike in token burns, which temporarily pushed SHIB’s price to $0.00001062, the network continues to struggle with attracting both developers and users.

Adding to these difficulties,

have plunged to just 2,980 as of October 29, a dramatic 99% fall from its July high of 4.18 million. This steep decline highlights decreasing user participation, despite efforts by the team to reassure holders. The poor performance has drawn parallels to other layer-2 solutions, with analysts noting that Shibarium’s dependence on meme-driven excitement has made it susceptible during market slumps.

The overall shift in the crypto space toward utility-focused tokens further complicates SHIB’s prospects. Platforms like Pump.fun, which initially gained attention for launching meme coins, are now turning to utility tokens to maintain momentum as trading activity wanes. Similarly, investment is moving into areas such as AI computing and decentralized physical infrastructure networks (DePIN), which provide practical uses beyond speculation. This evolution has left SHIB and similar meme coins not only competing with traditional assets but also with emerging projects that promise faster token burns and clear real-world applications.

Despite these setbacks, SHIB’s community remains engaged. Recent activity on social platforms demonstrates ongoing efforts to rebrand the token as a link between meme culture and practical use, with some supporters pushing for Shibarium’s integration with AI-powered applications. Nonetheless, analysts emphasize that genuine recovery will require more than just hype—sustained liquidity and active developer participation are crucial for SHIB to secure its place in the Web3 landscape.

For Dogecoin, growing institutional support points to a steadier future. As T. Rowe Price’s ETF moves through regulatory processes, Dogecoin’s presence in a regulated investment product could drive wider acceptance. This stands in stark contrast to SHIB’s ongoing difficulties, highlighting the diverging paths of meme coins in a market increasingly focused on utility.