In the first part of 2021, Dogecoin was quite popular, but in the second half of the year, Shiba Inu overtook it as the most popular meme token. The euphoria surrounding Dogecoin faded when its price remained unchanged for months, and SHIB, in contrast, performed better in the indices. Shiba Inu’s fame thus increased dramatically, attracting more new investors to the market.
After a year has passed, Shiba Inu has surpassed Dogecoin in terms of Twitter followers. Dogecoin had a steadfast 3.1 million Twitter followers, but the Dogecoin-killer outperformed Doge in terms of ownership. SHIB now has 3,441,762 followers compared to Dogecoin’s 3,439,746. Dogecoin presently has 2,220 fewer Twitter followers than SHIB.
SHIB token joined Twitter in February 2021, whereas Dogecoin joined the social media network in December 2013.
By avoiding all Doge stood for, SHIB held true to its slogan of becoming the “Dogecoin killer.” SHIB temporarily surpassed Doge’s market cap and removed it off the top 10 cryptos list last year. However, Doge restored its position and is now the tenth-largest cryptocurrency, while SHIB is ranked twelve.
Endeavors of Shiba Inu
Numerous establishments all over the world accept Doge and SHIB as valid forms of payment. AMC Theatres revealed last month that they now accept both cryptocurrencies for online ticket purchases.
Furthermore, the utility of Shiba Inu [SHIB] has advanced significantly during the past few months. However, in terms of price, it has remained largely stable or declining. The network’s changes, the frequent burns, and the significant whale movements did not appear to have an impact on the price. SHIB, however, had a significant increase over the weekend.
Shiba Inu was able to soar to a 90-day high on Sunday of $0.00001774. Many were startled by this because the majority of the competing cryptocurrencies in the market were sinking in the bloody sea. Santiment continued by pointing out that the rapid increase in whale transactions may have contributed to the 30 percent increase in SHIB.
At the time of press, SHIB was priced at $0.00001574 and had plunged by 2.27%.