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Shiba Inu Remains Below Dogecoin as Rally Falters

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Thu, 28/10/2021 - 19:52
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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.       

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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