Shiba

Dogecoin

FLOKI

Shiba Inu

<p>A fierce meme crypto war is raging between Shiba Inu (SHIB) and Dogecoin (DOGE), with considerable stakes.</p>
<h2 id="h-when-shiba-inu-threatens-dogecoin-s-supremacy">When Shiba Inu Threatens Dogecoin’s Supremacy!</h2>
<p>While both cryptos have been in the spotlight lately, it’s hard to say who will take the lead. <strong>SHIB experienced a small rally</strong>, finding its support at <strong>$0.000024</strong>, besides <a href="https://www.cointribune.com/en/crypto-shiba-inu-spectacular-rebound-after-a-week-of-turbulence/" target="_blank" rel="noopener noreferrer nofollow">its early May performances</a>, while <strong>DOGE recorded a 6.3% increase</strong> over the past 24 hours, reaching a trade above $0.15. (Source: <a href="https://dailycoin.com/shiba-inu-shib-threatens-doge-flip-whos-got-the-edge/?utm_source=cryptopanic&amp;utm_medium=rss" target="_blank" rel="noopener noreferrer nofollow">DailyCoin</a>)</p>
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<p>DOGE still leads in terms of <strong>market capitalization, with $21.82 billion compared to $12.96 billion</strong> for SHIB.</p>
<p>Key indicators seem to favor SHIB. The <strong>net flow of large holders</strong>, those holding at least 0.1% of the circulating supply, is <strong>up 124% for Shiba Inu</strong> over the last seven days, compared to a <strong>42% decrease for Dogecoin</strong> over the last three months.</p>
<p>Additionally, SHIB shows <strong>a lower price correlation with Bitcoin (BTC)</strong>, which helped it maintain recent gains, while DOGE fell by 3% over the past week.</p>
<p>The coming days promise to be eventful, with predictions of <a href="https://www.cointribune.com/en/crypto-the-fate-of-shiba-inu-could-change-on-may-11-and-12/" target="_blank" rel="noopener noreferrer nofollow">roller coasters for SHIB</a> and DOGE, according to Bollinger Bands and the Relative Strength Index (RSI).</p>
<h2 id="h-shiba-inu-shib-a-2300-explosion-in-a-key-indicator-and-a-price-increase">Shiba Inu (SHIB): A 2300% Explosion in a Key Indicator and a Price Increase</h2>
<h3 id="h-shib-is-making-headlines">SHIB is Making Headlines</h3>
<p>Shiba Inu, the second-largest meme crypto by total market capitalization, is making waves today (May 14) with an <strong>explosive growth of a major ecosystem indicator</strong>.</p>
<p>According to IntoTheBlock data relayed by <a href="https://cryptopotato.com/important-shiba-inu-metric-explodes-by-2300-as-the-shib-price-rises-details/" target="_blank" rel="noopener noreferrer nofollow">CryptoPotato</a>, the <strong>daily aggregate volume of SHIB</strong>, with transactions over $100,000, soared to <strong>$223 million</strong>, a phenomenal increase of <strong>2300%</strong> compared to the previous day. Although the number of daily active addresses and transaction volumes also increased, their growth was less spectacular.</p>
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<p>This increase in key indicators coincides with a <strong>surge in SHIB price</strong>, recording a 7% increase over the last 24 hours. However, some of its rivals in the memecoin universe saw even greater gains, including PEPE (23%), POPCAT (27%), TRUMP (22%), FLOKI (12%), and many others.</p>
<h3 id="h-factors-at-play">Factors at Play</h3>
<p>Several factors may have fueled this SHIB price resurgence. On one hand, there is an <strong>increase in token burn rate</strong>, with over <strong>200 million tokens destroyed</strong> over the last seven days, including an additional 30 million sent to a null address in the past 24 hours.</p>
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<p>On the other hand, <strong>Shibarium</strong>, SHIB’s layer-2 scaling solution, has undergone <strong><a href="https://www.cointribune.com/en/shibarium-after-the-hard-fork-the-boom-of-the-shib-crypto/" target="_blank" rel="noopener noreferrer nofollow">two major updates</a></strong> aimed at enhancing the user experience and ensuring <strong>compatibility with popular wallets</strong> such as MetaMask, Coinbase Wallet, and Trust Wallet.</p>
<p>Lastly, SHIB has recently gained adoption. <strong>CoinGate, a Lithuania-based blockchain payment processor, recently adopted it</strong> as a payment method, strengthening its ties with well-known companies like Airbnb, Spotify, Nike, IKEA, Walmart, Uber, and many others.</p>
<h2 id="h-whales-bet-big-on-shib-and-doge">Whales Bet Big on SHIB and DOGE</h2>
<p>The crypto market has been shaken over the past 24 hours, with over <strong>$140 million in positions liquidated</strong> as bitcoin price fell below $61,000, causing significant fluctuations.</p>
<p>This drop led to an increase in long position liquidations, weakening market sentiment. <strong>Dogecoin and Shiba Inu</strong> were particularly affected, with liquidations of <strong>$5.6 million and $550,000 respectively</strong>.</p>
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<p>Currently, about 80% of Dogecoin addresses are profitable, while <strong>60% of SHIB addresses show profits</strong>, <a href="https://blockchainreporter.net/shiba-inu-and-dogecoin-flip-on-chain-signals-following-massive-whale-interest-heres-what-to-expect-next/" target="_blank" rel="noopener noreferrer nofollow">reports Blockchain Reporter</a>.</p>
<p>Moreover, IntoTheBlock data reveals that whale interest in DOGE has significantly increased, rising from $1.1 billion to $1.6 billion. Similarly, whale transactions on Shiba Inu have exploded, increasing from $9 million to over $223 million.</p>
<p>Investors are closely following these developments to become millionaires during the next bull run.</p>

Shiba Inu (SHIB) threatens to top DOGE: This crypto battle is raging!

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