Mark Yusko of Morgan Creek Capital Management recently weighed in on $DOGE and $SHIB during a YouTube interview for "Blockworks Macro". With his usual wit, he quipped, "Every day I tell myself the bear market in crypto is over when DOGE and SHIB go to zero. However, they never seem to reach that point... now they're increasing again! What's the value there? Can you trade them for something real? No way. Take Amazon, for example; they generate flow and profits." He continued on with a wry smile, "[It] makes DOGE and SHIB look silly in comparison!" They have discovered a method ofproducing return.... So, if I owned a share of that company, I could sell it to the company and get something in return. But should it be a meme stock or a meme coin? There is no worth."
With marketcaps of $11.22 billion and $7.87 billion, respectively, as of 7:555 p.m. UTC on 12 February 2022, $DOGE and $SHIB are the ninth and twelfth most valuable cryptoassets.
According to TradingView data, $DOGE and $SHIB are up 19.80% and 63.56%, respectively, year to date.
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