After hitting the latest all -time high (ATH), $ 0.00004442 last night, Shiba Inu is an asset bet that will cut Dogecoin (DOGE) in the near future.
SHIB’s performance proves this asset is capable of making an increase of up to 59% in 24 hours and 240% in a week. At the time of writing, SHIB is trading at $ 0.00003904.
3 factors that can be considered for the SHIB surge:
There are whales that buy a huge amount of 6.2 trillion SHIBs worth $ 44 million.
The popularity of NFT Shiboshi led to an increase in gas costs.
Shibarium and Shiboshi based games to be launched.
Venezuela is one of the countries that has seen the acceptance of SHIB as a medium of payment.
During the month, it can be seen that SHIB's performance has surpassed DOGE, increasing by 514.80% from the price of $ 0.000007225 to touch the latest ATH level. Not only that, SHIB’s daily trading volume increased by over 815% on October 24th.
A handful of crypto analysts are confident SHIB will outperform DOGE, if not now perhaps in the future.
Anyway, in early September DOGE posted a trading value of $ 0.2073 and was trading at $ 0.2706 at the time this article was written. DOGE's 30 -day growth increased by only 25% and daily trading volume jumped by only 82%, a bit dismal when compared to SHIB's performance.
For now, there is still no news regarding the development of the Dogecoin network. But Tesla founder Elon Musk's latest counter -tweet today sent DOGE to a solid price level: "It felt like the people's crypto"
Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge. They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge - it felt like the people’s crypto.
- Elon Musk (@elonmusk) October 24, 2021
Meanwhile, when asked whether Musk owns SHIB or not, the figure replied, "No", inviting a reduction in the price of the asset by up to 20%.
None
- Elon Musk (@elonmusk) October 24, 2021
What about your predictions? Can SHIB handle DOGE?
