The Memecoin Flippening: Here’s What It Would Take For Shiba Inu To Overtake Dogecoin

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Shiba Inu To Overtake Dogecoin

Recent news revealed that Shiba Inu has become listed in the top list of 20 Cryptocurrency with a market value of $11.1 billion, as many of the investors have started to enquire that what it will take for it to overtake its elder brother Dogecoin.

As per the statistics by CoinMarketCap data, in case if the Shiba Inu coins were about to overtake the market capitalization of $29.3 billion, then for sure the price that value should reach a price of $0.0000743.

In today’s market, Shiba Inu has been circulated on the basis of 394 trillion and this has created the result in the market cap higher than that of DogeCoin, and it has placed it on the top of other 10 coins. For this increase, the price would increase by 165.5%. Such a price would also be an increase of 91.5% over its May all-time high of $0.0000388.

Compared with the value of Shiba Inu coins in the last 30 days, this increase is not up to the mark. But still, since Dogecoin and Shiba Inu coins are more related, this may take much more significant changes than just 165.5% for SHIB to reach its older brother’s market cap.

Also, investors are thinking that as days go on, hopes for Shiba Inu will continue growing and will overtake Dogecoin, as most of the Twitter users are saying that the Shiba Inu coins will see a drastic growth. Apart from, earlier this month, a popular crypto influencer CryptosRUs stated that Shiba Inu is going to gain more superior to Dogecoin due to the abundance of users and the way the coin was distributed. Also, he stated that 1 quadrillion Shiba Inu coins were created, with its team having to buy it like everyone else and half of the supply gifted to Ethereum who destroyed most of his holdings.

To spruce up this, Shiba Inu has been stepping up now with a recent partnership with crypto payment processor NOWPayments to allow its SHIB, LEASH, and BONE tokens while also destroying a portion of the tokens — permanently decreasing their supply. As per the recent news, Shiba Inu has recently seen a day in which its daily value has been double 2 times and this has been reported by Dogecoin in the same time period.

Statistical data from coinmarketcap.com shows that Shiba Inu currently has a market value of nearly $11 billion as of October 9th, this week. The coin has gained 230 percent in just 7 days and has shown a monthly increase of 300%. This made the Shiba Inu become the top exchanges in Binance, Bibax, Gdax, Poloniex, Kucoin as per Bitcoin.com

It has also been being viral on Twitter that Ethereum Founder Vitalik Buterin donated coins worth $1 billion towards India’s Crypto Covid Relief.

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