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Shiba Inu (SHIB) Price Explodes, Dogecoin (DOGE) Storms Into Top 10

Sun, 08/14/2022 - 18:33
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Alex Dovbnya
The biggest canine coins are enjoying a major rally this Sunday, posting double-digit gains
Shiba Inu (SHIB) Price Explodes, Dogecoin (DOGE) Storms Into Top 10
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The top dogs of crypto are out to play.

The price of Shiba Inu (SHIB) has soared by nearly 30% over the last 24 hours, according to data provided by CoinMarketCap. It is now in 12th by market capitalization, surpassing Avalanche (AVAX) and Polygon (MATIC). The cryptocurrency is up by more than 34% in just a week.  

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Dogecoin, the original meme coin, has also managed to storm back into the CoinMarketCap top 10 after a double-digit price increase.

As reported by U.Today, the two meme coins also experienced a significant increase in trading volume.

Before retail investors dived into dog coins, they started buying meme stocks of the likes of GameStop in early 2021 because of their surging popularity on r/wallstreetbets and other popular forums.    

Dogecoin (DOGE) Enters Top 5 Most Profitable Assets in Last 24 Hours
With the stock of Bed Bath & Beyond soaring this week, it is safe to say that the meme stock frenzy is now making a much-awaited comeback.

Still, it is early to talk about another canine coin frenzy in spite of the impressive gains registered by the two “top dogs” at the end of the week.

Dogecoin and Shiba Inu are still down 89% and 81%, respectively, from their record peaks.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at