Shiba Inu (SHIB) continues to run among the top 10 cryptocurrencies with the noise that can be heard from every corner of the crypto world. In detail, SHIB price has increased its position in the market aggressively over the past few days. Currently, it is trading at 11th place with 50% padollama daily. This success of the meme coin is causing crypto analystsdollars to think that SHIB might surpass DOGE sooner or later. In fact, the crypto enthusiast Watcher. A great controversy ensued around a tweet from Guru.
Does SHIB pass DOGE?
Before moving on to the comments, it is useful to take a look at SHIB’s remarkable performance in the last month. To recall, in early October, a giant crypto whale stunned the on-chain analisdollar series by purchasing 6 trillion units of SHIB. Shiba Inu, which earned $46 million in volume in one go, managed to maintain this momentum in the following weeks of October. At the time of writing, SHIB looked like this on the saadollarsik chart:
The situation now gets even more interesting, as the latest SHIB padlock came in the middle of a stagnant market. Bitcoin was struggling to find support above $60,000 after its October 20 peak, while Ethereum was struggling just above $4,000. The DOGE and SHIB rivalry that stood out in this process, Watcher. Comments on a tweet shared by the Guru garnered over 6,000 likes and over 1,000 comments. There were also many different interpretations about the possibility of SHIB reversing DOGE.
Shiba Inu remains one of the top 15 cryptocurrencies
It is thought that the buying pressure of individual investors has a great share in the SHIB paddle. While the exact reason behind this movement is unknown, it may be due to the long-awaited Robinhood listing. But regardless, SHIB is now one of the 15 largest-volume cryptocurrencies. Moreover, it has a market capitalization reaching almost $18 million. In addition to all this, meme coin continues to be accepted as a payment method for goods and services in some countries, despite the difficulties in the crypto money world. Venezuela, for example, is one of the countries in the world where some of its stores accept SHIB as a form of payment.
So does SHIB pass DOGE? This could be an answer that depends on Dogecoin’s performance. Shiba remains the king of sales among the top 100 cryptocurrencies, while DOGE is running the race with a 7% daily growth rate.
You can reach the technical analysis of Saray Tran, whose analyzes we share as , here.