CandleFocus SHIB vs DOGE: Shiba Inu Closes Gap With 20% Price Explosion
2024-12-01
Author: Content Editor
The price of Shiba Inu (SHIB), a meme-inspired cryptocurrency, has seen a significant increase, making it more attractive compared to its main rival Dogecoin (DOGE). Despite the broader crypto market not experiencing a similar trend, SHIB broke above $0.00003, showing a 16% gain for the day. This has amplified the rivalry narrative between these two meme coin giants, as SHIB's price ratio to DOGE reached its highest level since November. Although DOGE has been leading the meme coin segment recently, SHIB's recent pump suggests a catch-up play may be in motion. With the potential for over 200% growth against DOGE, the situation is worth monitoring, considering SHIB's rally earlier this year.
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