The market capitalization of the top 10 largest coins has increased by Shiba Inu just hours after Dogecoin was surpassed. DOGE is now up by double-digits daily, while SHIB has retraced its steps from its recent ATH.
Apart from Bitcoin’s increasing adoption, the cryptocurrency community will also remember 2021 as being the year of the meme currencies. Elon Musk’s unending support for Dogecoin and the fact that Shiba Inu actually saw daylight last year, are perhaps the most popular trends at the moment. Dogecoin-killer, who self-described himself as a Dogecoin-killer, saw near 1,000% gains over the past month and reached consecutive all-time highs of $0.000086 earlier today. The massive supply meant that the meme currency’s total market capitalization was close to $50 billion. CoinGecko shows this as the 9th largest digital asset. However, DOGE has reacted and rallied. The price of the asset has increased by almost 20% over a 24-hour period and is now at $0.3, which marks the highest price since September early.
DOGE/USD. Source: TradingViewAt 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
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