Surging 18% Flippening Back Shiba Inu as Top 9

Just hours after Shiba Inu surpassed Dogecoin in terms of market capitalization in the top 10 largest coins, the latter has reclaimed its supremacy. DOGE is up by double-digits on a daily scale, while SHIB has retraced from its recent ATH.

  • Aside from Bitcoin’s growing adoption, the cryptocurrency community will remember 2021 as the year of the meme coins.
  • Propelled by Elon Musk and his never-ending support for Dogecoin, the number of such coins skyrocketed, and so did their popularity.
  • Shiba Inu, which actually saw the light of day last year – before all the hype, is perhaps the hottest trend at the moment. The self-described Dogecoin-killer charted near 1,000% gains in the past month and tapped consecutive all-time highs.
  • The latest came earlier today at over $0.000086. Keeping in mind the massive total supply, this meant that the meme coin’s total market capitalization neared $50 billion (on CoinGecko).
  • As such, it managed to surpass DOGE in terms of this metric and was the 9th largest digital asset by market cap.
  • However, the DOGE army has rallied up and retaliated. The asset has surged by nearly 20% on a 24-hour scale and has pumped above $0.3, which is the highest price tag since early September.
DOGE/USD. Source: TradingView
DOGE/USD. Source: TradingView
  • At the same time, SHIB has retraced by about 15% since its peak and currently sits at $0.000072.
  • Consequently, Dogecoin has taken back its spot as the 9th largest crypto on CoinGecko and is just ahead of Shiba Inu as of writing these lines.
Dogecoin Vs. Shiba Inu. Source: CoinGecko
Dogecoin Vs. Shiba Inu. Source: CoinGecko

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