Bittime - Shiba Inu (SHIB) and Dogecoin (DOGE) are still kings among meme coins, with millions of people owning them. Meme coins are interesting because the price can quickly rise high, but can also fall drastically.
Despite promising new competitors, SHIB and DOGE remain the leaders. The total value of these two meme coins reaches more than 45 billion US dollars, or around 70% of the entire value of existing meme coins.
SHIB and DOGE prices have gone up and down wildly in recent years. However, recently the price jumped by hundreds of percent in two weeks.
SHIB and DOGE holders continue to increase. According to IntoTheBlock , there are currently around 1.3 million addresses holding SHIB and 6.3 million addresses owning DOGE.
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Source: Twitter (X) @intotheblock
New competitors such as Pepe Coin (PEPE) did rise high last month, but the number of owners is still far behind.
Crypto analysis platform IntoTheBlock estimates that only around 170,000 addresses currently have PEPE.
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Despite PEPE's good performance last month, the number of owners (170,000) is still far less than SHIB (1.3 million) and DOGE (6.3 million).
Another meme coin with more owners than PEPE is Floki Inu (FLOKI). FLOKI has nearly 500,000 holders spread across Ethereum (ETH) and Binance Smart Chain (BSC).
Meme coins are attractive to investors, especially when the market is rising, because their price can double in a matter of days. CryptoPotato once reported the story of a SHIB and WIF trader who made huge profits due to this price spike.
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What is Dogecoin (DOGE)?
Dogecoin (DOGE) is an altcoin, a cryptocurrency other than Bitcoin, which was launched in December 2013. Dogecoin uses the image of a Shiba Inu dog as its logo.
The technology underlying Dogecoin comes from Litecoin, and Dogecoin also uses the same Scrypt algorithm. Dogecoin has a low price and unlimited supply.
What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) is an altcoin, a cryptocurrency other than Bitcoin, which was launched in August 2020. SHIB uses the Ethereum network and uses the Shiba Inu dog as its mascot. Considered a competitor to Dogecoin, SHIB was nicknamed the “Dogecoin killer”.
In contrast to cryptocurrencies which generally have certain functions, Shiba Inu and Dogecoin are classified as meme coins. Meme coins are usually based on a particular theme, such as the Shiba Inu dog, and are often launched as a form of humor or parody.
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:
SHIB Price Jumps 128% in 7 Days: What is the SHIB Price Prediction?
Shiba Inu Announces Shib Name Service (SNS) and Airdrop for SHIB Users
Business with Dogecoin (DOGE): Here is a List of Companies that Accept DOGE!
Dogecoin (DOGE) Whale Moves 332.9 Million DOGE to Binance
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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