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Shiba Inu Remains Below Dogecoin as Rally Falters

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Thu, 28/10/2021 - 19:52
Shiba Inu Remains Below Dogecoin as Rally Falters
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Dogecoin is once again the biggest dog-themed cryptocurrency after surging more than 25%. 

Its archrival Shiba Inu has shed some of its recent gains after pulling off the great meme coin flippening on Wednesday.

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At press time, the gap between the market capitalization of Dogecoin and Shiba Inu is $3.4 billion, according to CoinMarketCap data. The two cryptocurrencies are in 9th and 10th places, respectively. 

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Image by coinmarketcap.com

As reported by U.Today, SHIB finally managed to surpass DOGE and then went on to hit its current all-time high of $0.00008616, which was the cherry on top. 

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While Shiba Inu is no longer the top canine coin, the "Dogecoin killer" is still up an eye-popping 864% this month alone. For comparison, DOGE is up by a "modest" 55% over the same period of time.       

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Now that Shiba Inu is consolidating after its showstopping rally, it remains to be seen how the bitter rivalry between the two top meme coins will play out.       

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