Bittime - The pseudonymous lead developer of Shiba Inu, Shytoshi Kusama, has reignited the rivalry between Shiba Inu and Dogecoin by making controversial statements emphasizing SHIB's dominance over DOGE.
SHIB Remains a Strong Challenger to DOGE
In a post on X Shiba Inu's lead developer stated that SHIB still maintains its status as a Dogecoin killer, ending the controversial statement with the affirmation that "nothing has changed."
Recently, the crypto market has been dominated by the bullish momentum of meme coins. Notably, Shiba Inu emerged as one of the best performers in the last few weeks, erasing one zero in its price and creating a bullish wave in the market.
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On the other hand, Dogecoin has recently seen a significant surge, recording a gain of 120.42% in the past month and a substantial increase of 78.28% in the past seven days. Although DOGE price saw a small decline of 3.72% in the last 24 hours, its current value is still at $0.17, according to CoinMarketCap.
In contrast, Shiba Inu has seen an exponential surge in its price. With a striking price increase of 309.73% in the past month, the cryptocurrency has cemented its position among the leading meme coins in the space.
This price increase has reignited the historical rivalry between DOGE and SHIB. At the time of writing, Shiba Inu's total market capitalization was estimated at $21.4 billion, while Dogecoin was at $24.8 billion, reflecting a 3.61% decline in overall market capitalization.
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Previously, in October 2021, SHIB surpassed Dogecoin's market capitalization, reaching a valuation of $43.5 billion compared to Dogecoin's $38 billion. If the dog-themed SHIB token continues its recent positive trend, it could potentially push its market cap higher, reconfirming its status as a “Dogecoin Killer.”
Shiba Inu Bullish Trend Precedes
Earlier on Tuesday, March 5, the price of Shiba Inu hit a two-year high, surpassing the main meme coin in the space to reach a price above $0.000045. However, the cryptocurrency later saw a partial correction of its gains and is currently trading at $0.000036.
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Despite the minor correction, the cryptocurrency recorded a parabolic rise, surpassing 235.95% in the last seven days and having a 24-hour trading volume of over $12.3 billion. Kusama also highlighted the crypto's significant price rise, highlighting a recent milestone in which it surpassed the combined volume of leading cryptocurrencies such as XRP and Solana by one billion.
As one of the best-performing cryptos in the space, SHIB has the potential to experience more upside, with various analysts predicting that the price of the cryptocurrency could reach values above its record high of $0.00009 by erasing more zeros.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
What is Shiba Inu Token (SHIB)? Concept and Function
Dogecoin Vs Shiba Inu: Catching Each Other's Eyes
Shiba Inu (SHIB): What is it, How Does It Work, and Why is it Popular?
Should You Buy Shiba Inu (SHIB) in 2024?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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