It has been a couple of weeks since Shiba Inu first started rising not only in popularity but in price too. Both tokens shone brightly this year, bringing in massive gains for all the members of their respective communities. Dogecoin was the first-ever meme coin that was introduced to the crypto world, and many followed suit, including Shiba Inu (SHIB) that has been benefiting greatly from the craze. However, even though SHIB was launched much later, it now strives to surpass the frontrunner.
When Shiba Inu was first announced, its still-anonymous developers pitched it as the “Doge killer.” This quickly gained the interest of crypto enthusiasts who missed out on the Dogecoin hype train and didn’t want to miss out on the new trend this time around.
For quite some time, Shiba Inu definitely wasn’t as renowned as Dogecoin was, but just last month, the meme coin rallied once again—this time, the market for it skyrocketed and it has since been battling with Dogecoin for dominance. And for the latter half of October 2021, it seemed that the pioneering Dogecoin was falling behind against Shiba Inu.
As the saying goes, “slow but steady wins the race,” and it’s something that Shiba Inu can relate to in this case. Its progress towards the top may have been slow, but it had been steadily creeping its way there nonetheless. Now, it’s one of the top 10 cryptocurrencies; in fact, it was even able to take Dogecoin’s spot on that list last October 28 when it reached its newest all-time high.
However, Dogecoin wasn’t going to leave without a fight and the meme coin was able to take back its spot after SHIB saw a couple of dips in price along with Doge’s rallying efforts. Now, unfortunately, Shiba Inu fell behind quite a bit, losing its place within the top 10. It now sits at the top 11 after significant losses.
For the last few days, things haven’t been looking good for Shiba Inu as it continued to fall in value. But not all hope is lost yet for the up-and-coming meme coin. It appears that there’s still a chance for it to become even more popular and possibly even surpass its all-time high, as the popular crypto exchange platform known as Kraken is planning on listing the meme token on its platform.
This is a massive opportunity for SHIB to expand its reach, but for now, it seems that the Dogecoin vs Shiba Inu saga will continue.
