Shiba Inu (SHIB) continues to run among the top 10 cryptocurrencies with the noise that can be heard from all corners of the crypto world. In detail, SHIB price has increased its position in the market aggressively over the past few days. Currently, it is trading at 11th place with a daily burst of 50%. This success of the meme coin is causing crypto analysts to think that SHIB may surpass DOGE sooner or later. In fact, a huge controversy started around a tweet from crypto enthusiast Watcher.Guru.
Does SHIB pass DOGE?
Before moving on to the comments, it is useful to take a look at SHIB’s remarkable performance in the last month. To recall, in early October, a giant crypto whale bought 6 trillion units of SHIB, baffling on-chain analysts. Shiba Inu, which earned $46 million in volume in one go, managed to maintain this momentum in the following weeks of October. At the time of writing, SHIB looked like this on the hourly chart:
Now the situation gets even more interesting because the latest SHIB boom came in the middle of a stagnant market. Bitcoin was struggling to find support above $60,000 after its October 20 peak, while Ethereum was struggling just above $4,000. The DOGE and SHIB rivalry, which stood out in this process, garnered over 6,000 likes and more than 1,000 comments in the comments of a tweet shared by Watcher.Guru. There were also many different interpretations about the possibility of SHIB inverting DOGE.
Shiba Inu remains one of the top 15 cryptocurrencies
Buying pressure from retail investors is thought to have played a large part in the SHIB boom. Although the reason behind this move is not fully known, it may be due to the long-awaited Robinhood listing. But regardless, SHIB is now one of the 15 largest-volume cryptocurrencies. Moreover, it has a market capitalization reaching almost $18 million. In addition to all this, meme coin continues to be accepted as a payment method for goods and services in some countries, despite the difficulties in the crypto money world. Venezuela, for example, is one of the countries in the world where some of its stores accept SHIB as a form of payment.
So does SHIB pass DOGE? This could be an answer depending on Dogecoin’s performance. While Shiba remains the king of sales among the top 100 cryptocurrencies, DOGE is joining the race with a 7% daily growth rate.
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