Shiba Inu Outperforms Dogecoin Each February as DOGE ETF Narrows Volatility
Shiba Inu (SHIB) has consistently outperformed Dogecoin (DOGE) in February since 2021. CryptoRank and CoinMarketCap data show average February returns of +9.26% for SHIB versus -2.33% for DOGE — a gap of roughly 397%. Notable instances: February 2024 saw SHIB rise ~41.3% while DOGE fell ~39%; February 2022 SHIB gained 20.3% as DOGE dropped 6.05%; February 2023 also favored SHIB while DOGE declined. The recent launch of the 21Shares Dogecoin ETF (TDOG) and growing institutional products (Grayscale trusts, leveraged DOGE ETFs) are cited as key drivers of this divergence. These institutional vehicles tie DOGE more closely to regulated markets and Nasdaq flows, reducing its standalone volatility and speculative upside. SHIB remains largely unregulated and higher-beta, attracting retail traders and seasonal liquidity rotation into meme tokens (e.g., PEPE, FLOKI). Analysts note a recurring February fractal that could give SHIB an extra 15–20% upside if historical patterns repeat. Trading takeaway: DOGE may offer ETF-backed stability and lower short-term upside, while SHIB presents higher volatility and potential for outsized gains in February — suitable for speculative longs with strict risk management. Disclaimer: not investment advice.
Bullish
The news is bullish for SHIB specifically. Historical February data indicate repeated outperformance by SHIB versus DOGE, and analysts point to a recurring February fractal that could deliver an additional 15–20% upside if it persists. Institutionalization of DOGE via the 21Shares DOGE ETF and other products reduces DOGE’s volatility and speculative upside, shifting retail risk appetite toward higher-beta meme tokens such as SHIB. Short-term impact: greater retail flows and seasonal liquidity rotation into SHIB could push price higher and increase intramonth volatility, favoring speculative long positions with strict risk controls. Long-term impact: if institutional products continue to anchor DOGE to regulated flows, DOGE may remain lower-beta while SHIB (and similar meme tokens) continue to capture episodic retail-driven rallies; this dynamic can sustain periodic bullish windows for SHIB but also increases downside risk when retail appetite wanes. Overall, the immediate price implication for SHIB is positive (bullish), while DOGE likely sees muted upside.