The market capitalization of shiba inu (SHIB), the Ethereum-based token promoted as “the dogecoin killer,” has actually gone beyond the capitalization of dogecoin (DOGE), making SHIB the 9th biggest cryptoasset by market capitalization.
After a close race, SHIB increased its supremacy over DOGE, reaching a market capitalization of USD 33.43 bn. DOGE left the top 10 club with a market capitalization of USD 31.9 bn.
At 16: 46 UTC, SHIB trades at USD 0.00006825 and is up by 44%in a day and 143 in a week. The rate blew up by 80787246%in a year, per Coingecko information. At the very same time, DOGE trades at USD 0.242175 and is down by 9%in a day and 2%in a week. It leapt by 8988%in a year.
SHIB cost chart:
Discussing the action in the 2 meme coins on Twitter, the crypto neighborhood appeared to concur that it is simply a matter of time prior to a flippening of DOGE by SHIB occurs.
” How dogecoin ended up being the boomer memecoin” Joe Weisenthal, co-host of the Bloomberg’s Odd Lots podcast, began among his tweets by stating, discussing that unlike DOGE, SHIB in fact has “a quick moving advancement roadmap, its own decentralized exchange, NFTs, and advanced wise contracting abilities.”
Also sharing his ideas on the prospective flippening was Arcane Crypto‘s Eric Wall, who made the case for why “SHIB is much better than DOGE” in an in-depth Twitter thread, prior to lastly confessing “This is a funny thread individuals.”
Lastly, Erik Voorhees, CEO of the open-source crypto platform ShapeShift, joked “A world in which SHIB turns DOGE is not a world in which I want to live.”