SHIB and DOGE have been competing since the start of the altcoin season. However, there are developments that will increase this competition even more. Following Binance, Crypto.com added the SHIB-DOGE trading pair to facilitate exchanges between the two rival meme coins. Although this development is welcomed by the community, it will intensify the competition between the 2 meme coins.
Binance and Crypto.com have added the SHIB-DOGE trading pair!
DOGE and SHIB are emerging as investors’ favorite coins on top Indian cryptocurrency exchanges. Top cryptocurrency exchanges Binance and Crypto.com have added the Shiba Inu-DOGE trading pair due to the growing popularity of the two meme coins.
Shiba Inu recently recorded a huge spike in on-chain activity as the meme coin’s daily trading volume exceeded that of Ethereum, Solana, and other altcoins. Now Dogecoin holders are waiting for the DOGE-ETH bridge to be launched to increase the utility of the meme coin. cryptocoin.com As we have previously reported, DOGE and SHIB are the most traded cryptocurrencies among Indian cryptocurrency exchanges.
Analysts analyze whether Dogecoin can reach $1
Analysts evaluated the DOGE price trend to examine whether Dogecoin could reach $1. Analyst “Phoenix_Ash3s” is of the opinion that the DOGE price rallied against Bitcoin in the first few months of 2021. Afterwards, the situation was different. Since then, the meme coin has made lower highs and lower lows, typically indicating a downtrend. The analyst believes that for DOGE price to reach $1, the trend must reverse. FXStreet analysts state that the DOGE price is struggling to break the $1 target.
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