Dogecoin Rises Sharply 45% Leaving Shiba Inu Behind

For a short time, Shiba Inu had to take the place of the largest "dog" cryptoasset. Dogecoin price, the original meme-cryptocurrency created in 2013, today has risen by 45% to a new two-month high of $0.3298. Daily trading volumes increased by 300%.

As a result, DOGE reached a capitalization of $43 billion, while SHIB remains below $35 billion. At the same time, SHIB has risen in price by one and a half times over the week, while DOGE has grown by only 30%.

Today, Shiba Inu has renewed highs around $o.000088 before falling sharply to $0.000067. At its peak, it climbed to the seventh line of the list of the largest cryptoassets, beating XRP and Polkadot.

Morning Brew pays attention to a wallet, the owner of which has invested $8,000 in SHIB through the Uniswap decentralized exchange. This happened in August last year, shortly after the launch of the project. Now it is the largest SHIB holder with a nominal position size of about $5 billion.

Today, the wallet began to show activity for the first time since April, but so far it is only moving ether and does not get rid of Shiba Inu tokens.
95/100 Review
Visit Site
eToro Review
Visit Site
XTB Review
Visit Site
From $8,000 to $5.7 billion in about 400 days. This is probably the greatest deal of all time,” adds Morning Brew.

"After SHIB, DOGE may rise to a new high"

Analyst Hsaka admits that traders began to move capital after the SHIB rally into significantly depreciated DOGE - it is trading 55% below the highs recorded around $0.74 in May.

Dogecoin Price Rises Sharply 45% Leaving Shiba Inu Behind

The CEO of Three Arrows Capital crypto fund Su Zhu also believes that after SHIB, DOGE may rise to a new high of $0.88.

Bottom line of dog coins is a positive development for cryptocurrencies. Contrary to popular belief, you don't need to get angry about asset growth if you don't have them,” he adds.
Think we missed something? Let us know in the comment section below.

Leave a Reply

Your email address will not be published. Required fields are marked *