Battle of Meme Coins: Shiba Inu Flips once Again to Overtake Dogecoin in Ranking

Shiba Inu

SHIBA INU (SHIB) has taken the cryptomarket by storm as it continues to flip Dogecoin’s (DOGE) market cap.

Dogecoin cryptoverse continues to expand, SHIB seems to be willingly holding on to its title “DOGE killer”. By Thursday, Shiba Inu stood at a worth of $0.00007956. According to CoinMarketCap, this was a spike of over 40%.

As it stands, Shiba Inu is hitting an all time high value of more than $0.00008456. Couple that with a market capitalization of well over $38 billion and meme-inspired cryptocurrency stands at number eight among the world’s largest cryptocurrencies. This leaves Dogecoin trailing closely behind at number ten.

Dogecoin vs Shiba Inu continues

Shiba has definitely risen as the cryptocurrency star of the month. The altcoin has surged over 950% in October alone. It has also broken multiple records this past week. Its most recent record-breaking activity is that it has made it to top-3 in terms of trading volume overtaking even Ethereum.

But, Dogecoin isn’t giving up so easily either. In fact, it has experienced a recent bullish surge making it rise as high as 45%. This is a new $0.35 multi-month high for the token. Crypto analysts predict that DOGE could move $0.40. Should this happen, the currency could experience a bull that can restore it back to its former glory.

Both currencies have dominated social media especially when CoinMarketcap tweeted that SHIB flipped yet again this week to rise above DOGE. In this obvious cryptocurrency battle royale, Santiment data has shown that SHIB’s social media presence took the first two spots.  

Shiba Inu seems to be enjoying not just soaring market value but also a warm public reception. But Dogecoin can flip the tables sooner than expected. You just never know when it comes to the crypto world.

Stick with us to get the latest news on the battles of the meme coins.