- While Dogecoin increased by 15%, Shiba Inu climbed 56% since the start of 2023.
- Shibarium still has not yet set a final date for the launch.
The hype over the dog-themed memecoins in the crypto community has increased every day. The prominent meme cryptocurrencies Dogecoin (DOGE) and Shiba Inu (SHIB) were created as a joke. During the 2021 bull run, both cryptos made millions of dollars for investors. And they both have enthusiastic and separate fanbases. Still, each project missed fulfilling its price goals.
However, Shiba Inu overtakes the first and largest meme coin Dogecoin in terms of developments. As the ‘Shiba community’ awaits for the upcoming layer-2 blockchain “Shibarium” launch, which has no specific release date. SHIB’s pseudonymous co-founder Shytoshi Kusama always has a habit of letting ‘SHIB ARMY’ with mysterious hints or puzzles to solve. He started posting medium blog posts about the Shibarium release since Feb 14th, which was rumored to be the rollout of the layer-2 scaling solution. But still, the launch date is mentioned as “As Soon As Possible”.
Price Track of the Meme Coins
At the time of writing, Dogecoin traded at $0.081089 with a 24-hour trading volume of $333 million and has a market cap of $11 billion. DOGE increased by around 15% since the start of 2023.
The revival Shiba Inu traded at $0.00001272 with a 24-hour trading volume of $273 million and holds a market cap of $7 billion, which is less than Elon Musk’s favorite coin DOGE. But when comparing Shiba Inu with DOGE, SHIB’s price surged significantly by over 56% from Jan 2023, 41% higher than Dogecoin.
Shib price changes and its upgrade, which has many use cases indicate that it may beat Dogecoin. Also, while leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) trading in red, SHIB soared around $1.8% in the last 24 hours, as per CoinGecko. Further, Musk’s recent tweet, which featured his doge ‘FLOKI’ as the “New CEO of Twitter”, prompted leading memecoins price changes.
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