Shiba Inu (SHIB), a long-time rival dogecoin It has its worst weekly performance against (DOGE). That’s why he’s been going through one of his worst periods in more than a year. Over the last seven days, SHIB has lost a staggering nearly 16% against DOGE. This loss marked a significant setback for the popular meme coin. This decline follows a period of significant growth for the Shiba Inu, whose value against the DOGE has increased by over 110% to 0.000235 since late February. However, the recent decline in SHIB’s value can be attributed to several key factors.
First, DOGE performed strongly, showing what analysts call “alpha behavior,” increasing its price by 11.5% over the course of the week. Against this, shiba inu It dropped 6% over the weekend, indicating a shift in momentum in favor of DOGE.
Secondly, the gap between SHIB and DOGE, which widened during the recent rally in meme cryptocurrencies, especially SHIB’s impressive 400% growth, is now showing signs of narrowing. This convergence suggests that the competition between the two tokens is stabilizing, with DOGE regaining some of its lost ground.
Historically, April has been a favorable month for Dogecoin. This is a trend that analysts have noted in recent reviews. With this in mind, the question that arises is whether SHIB will continue to decline relative to DOGE, potentially within the framework of a broader revaluation of DOGE, or whether both tokens will experience declines at different rates.
