Shiba Inu has one time before more outperformed Dogecoin this week with around 33% in gains, more than double DOGE’s 14% growth.
Shiba Inu Outperforms Dogecoin Two To One In Last Five Days
After a in the time of descendings change, both SHIB and DOGE have eventually enjoyed some sharp uptrend over the past week.
While Dogecoin has registered some great gains in the period, Shiba Inu has still outperformed the original memecoin two to one.
At the time of writing, SHIB’s cost floats around $0.00002775, up 33% in the advance seven days. The below chart shows the trend in the cost of the crypto over the past five days.
SHIB's rate seems to have very sharply risen over the endure few days | Source: SHIBUSD on TradingView
While Shiba Inu has shown some amazing profits in the past week, the memecoin is still down almost 10% over the endure month. So the coin still has some ways to go with the reclaimy.
On the other hand, Dogecoin is presently up 14% over the maintain seven days as the crypto trades around $0.157 at the moment. These gains are less than half of what SHIB has accumulated during the same period.
After all, while looking over the endure month, DOGE is only down 1%. Here is a chart which shows this trend in the cost of the memecoin:
DOGE's rate looks to be growing up recently | Source: DOGEUSD on TradingView
What this trend means is which Dogecoin has been relatively stagnant in terms of cost evolutionment recently as the coin has mostly conlogicalated sideways overall.
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SHIB vs DOGE Market Cap
In terms of the market cap, neither of the memecoins are in the top ten list right now. The below table shows where SHIB and DOGE stand among the wider crypto market.
Shiba Inu seems to be directly three spots behind Dogecoin in the market cap list | Source: CoinMarketCap
As you can see over, DOGE is sitting at the 11th place right now, at the same time SHIB is 14th. Last year, there was a brief period where the two memecoins were battling each other for the 9th spot in the list.
Around then, Shiba Inu likewise had an unprecedented rally where the crypto was up 1000% above the month at some point. But afterward the market started declining, the two dog cousin coins lost their spots in the top ten list.
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Now which the crypto market is starting to show signs of recabovey, might the memecoins will one time before further find their way to the excessiveer spots.
More adoption news is one of the things which can help propel Shiba Inu and Dogecoin. Just a couple of months back, the tech giant retailer Newegg started accepting SHIB.
Featured image from Unsplash.com, charts from TradingView.com