Both meme coins are currently No. 9 and No. 10 in CoinMarketCap’s list of the world’s biggest cryptocurrencies.
SHIBA INU and Dogecoin are currently in a dog-eat-dog battle to be named, er, top dog in the rankings.
Both meme coins are currently No. 9 and No. 10 in CoinMarketCap’s list of the world’s biggest cryptocurrencies.
Right now, it’s SHIB that’s winning the battle for supremacy. At the time of writing, it has a market cap of $39.1 billion — and has risen by 10% over the past 24 hours.
Meanwhile, DOGE is lagging on $36 billion.
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Lots of Volatility
When the two altcoins are compared side by side, it’s SHIBA INU that is the most volatile by far.
Over the past 24 hours, its market cap has fluctuated wildly between $32.2 billion and $41 billion — a huge range.
By contrast, Dogecoin’s market cap is in a bit of a tighter range between $33.5 billion and $37.6 billion over the same timeframe.
As a result, it’s SHIB that’s dancing between No. 9 and No. 10, with DOGE appearing to be a bit more of a steady presence.
It’s fair to say that retail investors are far more interested in SHIBA INU than they are DOGE at present.
Indeed, Coinbase has even updated the description of its app in Apple’s App Store — alerting would-be users to the fact that it supports SHIB.
Robinhood is lagging behind, and is yet to support the meme coin. That’s despite the fact that more than 450,000 people have signed a petition urging the app to do so.
A number of SHIB enthusiasts firmly believe that this altcoin could one day be worth $0.01.
But hitting this price would give it a market cap of approximately $5.5 trillion — five times more than Bitcoin, the world’s biggest cryptocurrency.
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