Why Dogecoin investors might be indifferent to Shiba Inu [SHIB] growth

Dogecoin (DOGE) has outperformed Shiba Inu (SHIB) in terms of market cap and active addresses. According to data from IntoTheBlock, DOGE holders’ assets have rarely dropped below 40% in value, and the last time over 60% of holders were at a loss was in 2015. In contrast, SHIB’s 365-day performance was a 53.49% decrease, although it has made up for it with improvements in its ecosystem, including its own ecosystem tokens and the upcoming Layer two blockchain Shibarium. Despite the backing of Twitter CEO Elon Musk, DOGE has not gained traction as a social media payment currency. However, it led in market cap at $10.02 billion and active addresses at 1.02 million, while SHIB ranked 14th with a market cap of $6.26 billion and 118,000 active addresses.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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