Market Pundit Tells Why 'Shiba Inu Transcending Dogecoin Is Very Bad For Bitcoin'. Key takeaways.
29 Oct 2021, 08:00
Market Pundit Tells Why ‘Shiba Inu Transcending Dogecoin Is Very Bad For Bitcoin’
Key takeaways
Shiba Inu (SHIB) recently surpassed Dogecoin (DOGE) by market valuation.The event has raised sentiments that the same could soon happen between Bitcoin and Ethereum.Despite SHIB’s success, leading platforms are still skeptical about listing the asset.Shiba Inu (SHIB), the rave of the moment dog-themed cryptocurrency, finally did the unexpected and flipped long-time rival, Dogecoin (DOGE) yesterday.
While the battle has been long drawn out with SHIB repeatedly closing in on DOGE’s dominance, the flippening finally occurred as SHIB made it to 9th place in crypto rankings having reached a market capitalization of around $41 billion compared to DOGE’s around $39 billion. SHIB surged 66.80% in the last 24 hours and also set a new all-time high of around $0.000088. It is currently trading at around $0.000071.