Shiba Inu and Dogecoin are the two most popular meme crypto assets in the crypto market. These two meme coins have a unique significance as they originated as a joke but have made quite the mark in the crypto space. Both the canine-themed coins have a noticeable customer base as well.
However, it has been anticipated for quite some time that the most popular meme coin, Dogecoin (DOGE) may very well be outperformed by Shiba Inu (SHIB). As per recent price surges seen for both the coins, this seems to have been proven.
According to CoinMarketCap, the price surge seen for Shiba Inu over the last 24 hours is higher than Dogecoin, the details of which we can see below.
This has left many to wonder if Shiba Inu will ultimately become the top meme coin in the crypto space.
If you are interested in purchasing any of the two meme digital assets, make sure you choose a suitable platform from the top crypto exchanges list.
On the other hand, if you want to leverage trade Bitcoin or Ethereum up to 100x, sign-up on Bybit today. You can also use this link to claim a bonus on your first deposit.
Claim up to $30,030 in Bonus
Price Surges Seen for SHIB and DOGE
Dogecoin (DOGE) was created in 2013 and is cited as the original meme coin. It has had quite a bullish run, especially because it is supported by some of the most influential names, including Elon Musk.
DOGE received even more support from the Tesla CEO after it was announced that the electric car manufacturing company will be accepting DOGE as payment for some of its products.
Dogecoin also experienced impressive growth in 2021 but the price started to crash in May.
Regardless, it is the most popular crypto asset on social media, following the flagship crypto asset Bitcoin. As per reports, the official Twitter account of Dogecoin now has more than 3 million followers.
However, in terms of price, Dogecoin has been outperformed by the second-most popular meme coin, Shiba Inu, according to CoinMarketCap.
As seen on the crypto ranking site, the price of the original meme coin DOGE has only surged 6.08% (at the time of writing) over the last 24 hours.
Whereas, the price of Shiba Inu, has seen an increase of 23.63% (at the time of writing) over the last 24 hours.
Thanks to the price surge seen for SHIB, it is now the 14th largest coin by market capitalization.
Here is a graph by CoinMarketCap that shows the price movement for Shiba Inu over the last 24 hours.
Shiba Inu is also known as the Doge-killer and after the data mentioned above, it is speculated that the original meme coin may very well be replaced by SHIB in the future. However, this significant change is yet to be seen in real life.
Crypto Market Overview for Crypto Investors
The crypto market is doing quite well overall. The crypto king Bitcoin has seen a price surge over the last 24 hours and is now trading at $42,760 (at the time of writing).
The increase in BTC’s price has also fueled the prices of other digital currencies in the market including:
The market capitalization of the crypto market is now closer to $2 trillion after previously being at $3 trillion in November.
If you are also interested in purchasing Shiba Inu then make sure to take a look at the Shiba Inu price prediction before stepping into it.
If you are looking to invest in digital assets such as Bitcoin or Ethereum then you can click on SwissBorg or Kraken (U.S. citizens).
Up to 50% discount on fees