Popular meme coin “DOGE killer” Shiba Inu (SHIB) has moved up to 11th place on the cryptocurrency market cap scale, according to data provided by market analysis website CoinGecko.
Is the Shiba Inu catching up with Dogecoin (DOGE)?
Dogecoin stands just ahead of SHIB, taking 10th place. SHIB currently has a market cap of $154.9 billion. Dogecoin has a market cap of $29.2 billion. CoinMarketCap data shows a slightly different picture. According to CMC, SHIB currently ranks 14th with a market cap of $12,297,213,384, while Dogecoin is in 10th place with a market cap of $29,700,232,903.
SHIB rebounded after major fix
This week, after a major correction, the Shiba Inu went up and reversed the trend. The coin’s gains over the past week were also impressive, as it gained over 300 percent and then lost nearly 40 percent. This was the biggest comeback in token history so far.
cryptocoin.com As we reported, the 300 percent rally was driven by an anonymous crypto whale who first bought six trillion SHIBs and then added a total of 276 billion meme tokens to their positions. The coin has been attracting the attention and investment of other whales recently, both in August-September and in May, when it reached an all-time high of $0.0000388. The Shiba Inu was recently listed on Coinbase, and the community now believes the Robinhood app is set to start trading SHIB. This year, listings on major platforms such as eToro and Coinbase have caused the price of the coin to rise.
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