Dogecoin (DOGE) and Shiba Inu (SHIB) coins hit the market last week. SHIB hit an all-time high, while DOGE hit $0.335, its highest level since August 20.
SHIB investors looking to switch to DOGE?
This week, Dogecoin hit a two-month high at $0.335 on Coinbase on Thursday. SHIB, on the other hand, reached all-time highs of $0.000008616. Also this week, both coins got into a ranking fight as their market caps increased. SHIB surged to take away DOGE’s ninth place.
According to CoinDesk analysts, investors said that traders may have moved from Shiba Inu to Dogecoin. It was stated that the main idea here is to use Shiba Inu investments for short-term gains, but then dive into Dogecoin for longer investment.
However cryptocoin.com As we reported, just a week ago, the opposite happened as ChangeNOW, a cryptocurrency exchange platform, gave investors the chance to trade Dogecoin coins for Shiba Inu. According to experts, investors flocked to the Shiba Inu as there were rumors about a possible rise. According to FX Street analysts, “Traders took advantage of this service to accumulate more SHIB tokens before the rumors of listing on zero-commission trading platform Robinhood”.
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