• DOGE’s Revenge: Surge of 18% Return of Shiba Inu as Top 9

  • Shiba Inu surpassed Dogecoin in terms of market capitalization in the top ten largest coins just hours ago, but the latter has reclaimed its throne. On a daily basis, DOGE is up by double digits, while SHIB has retraced from its recent high.

    Aside from Bitcoin’s increasing popularity, the cryptocurrency community will remember 2021 as the year of meme coins. The number of such coins increased dramatically, as did their popularity, thanks to Elon Musk’s unwavering support for Dogecoin.Shiba Inu, which first appeared last year – before all the hype – is perhaps the hottest trend right now. The self-proclaimed Dogecoin-killer has gained nearly 1,000 percent in the last month and reached consecutive all-time highs. The most recent came earlier today at more than $0.000086. Given the massive total supply, this meant that the meme coin’s total market capitalization was approaching $50 billion (on CoinGecko). As a result, it surpassed DOGE in this metric and was the ninth largest digital asset by market cap. The DOGE army, on the other hand, has banded together and retaliated. On a 24-hour basis, the asset has increased by nearly 20% and has risen above $0.3, the highest price since early September.

    Simultaneously, SHIB has retraced about 15% since its peak and is now trading at $0.000072. As a result, Dogecoin has reclaimed its position as the ninth largest cryptocurrency on CoinGecko, just ahead of Shiba Inu at the time of writing.

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