Shiba Inu Developer Claims SHIB Dominance Over DOGE
The lead developer of Shiba Inu, known as Shytoshi Kusama, has sparked a renewed rivalry between Shiba Inu and Dogecoin by asserting that SHIB is superior to DOGE. Kusama made this controversial statement in a recent X post, emphasizing SHIB’s strong performance in the crypto market. Despite recent bullish momentum for meme coins, Shiba Inu has stood out with significant price increases. Dogecoin has also experienced a rally but is still facing competition from SHIB. Currently, Shiba Inu’s market capitalization is $21.4 billion, while Dogecoin’s is $24.8 billion.
Shiba Inu Surges Past Other Meme Coins
Shiba Inu’s price reached a two-year high, surpassing major meme coins in the space. However, it later experienced a minor correction and is currently trading at $0.000036. Despite this correction, Shiba Inu has seen parabolic gains, with a 235.95% increase in the past week and a trading volume of over $12.3 billion in the last 24 hours. Kusama highlighted these significant price increases and noted that Shiba Inu surpassed the combined volume of cryptocurrencies like XRP and Solana by a billion.
Potential for More Gains
As one of the top-performing cryptocurrencies, SHIB is expected to continue its upward trend. Analysts predict that its price could potentially surpass its all-time high of $0.00009 and shed more zeros in the process.
Disclaimer: This article is not financial advice. The information provided here does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
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