{"id":15364,"date":"2022-04-30T11:20:28","date_gmt":"2022-04-30T11:20:28","guid":{"rendered":"http:\/\/egrowonline.com\/?p=15364"},"modified":"2022-04-30T11:20:28","modified_gmt":"2022-04-30T11:20:28","slug":"shiba-inu-and-dogecoin-compete-for-position-of-largest-meme-coin-as-shib-flips-doge","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=15364","title":{"rendered":"Shiba Inu and Dogecoin compete for position of largest meme coin as SHIB flips DOGE"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>As the meme coin started an uptrend, Shiba Inu recently took over Dogecoin in market capitalization.\u00a0<\/strong><\/li>\n<li><strong>Burger joint Welly says that the Shiba Inu community will have a stake in its business, fueling a bullish sentiment among holders.\u00a0<\/strong><\/li>\n<li><strong>Analysts believe Shiba Inu price could continue consolidation within a triangle pattern before breaking out.\u00a0<\/strong><\/li>\n<\/ul>\n<p>Shiba Inu recently surpassed Dogecoin in market capitalization. Analysts believe Shiba Inu is on track to recovery from its ongoing consolidation.\u00a0<\/p>\n<h2 class=\"fxs_headline_medium\">Shiba Inu and Dogecoin compete for meme coin market share<\/h2>\n<p><a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/shiba-inu-and-dogecoin-accepted-by-global-real-estate-giant-prepare-for-come-back-202204281559\" rel=\"noopener\">Shiba Inu<\/a> and Dogecoin are neck and neck in the meme coin market, competing for higher share. Proponents noted that Shiba Inu recently surpassed Dogecoin\u2019s market capitalization, flipping DOGE momentarily.\u00a0<\/p>\n<p>This event has fueled a bullish narrative among investors. <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/two-reasons-why-shiba-inu-price-is-about-to-break-out-202204271352\" rel=\"noopener\">Shiba Inu<\/a> has surpassed Dogecoin\u2019s market capitalization in the past, triggering a price rally in the meme coin. Proponents have identified another critical catalyst for Shiba Inu\u2019s price rally.\u00a0<\/p>\n<p>The burger joint Welly that rebranded itself to accept Shiba Inu as payment has announced that the community will have a stake in its business. Welly announced that the community would be entitled to a portion of profits from all activities. The community can then decide whether to burn <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/271-billion-shiba-inu-tokens-scooped-up-by-two-whales-as-shib-begins-uptrend-202204261413\" rel=\"noopener\">Shiba Inu<\/a> tokens or use them for some other purpose.\u00a0<\/p>\n<p>Holders of Shiba Inu would manage their tokens with the help of BONE DAO. Analysts have evaluated the Shiba Inu price trend and predicted a continuation of the consolidation. Valeria Blokhina, a crypto analyst and trader, noted that Shiba Inu price has consolidated within a triangle for some time now. The meme coin could continue before a breakout.\u00a0<\/p>\n<p>Additionally, Welly has partnered with crypto payments company NOWPayments, planning to burn a certain percentage of their revenue in SHIB tokens. @AltcoinSherpa, a pseudonymous crypto analyst and trader, does not recommend buying Shiba Inu.\u00a0<\/p>\n<div class=\"twitter_cke fxs_external\">\n<blockquote class=\"twitter-tweet\" data-dnt=\"true\">\n<p dir=\"ltr\" lang=\"en\"><a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$SHIB<\/a>: Still in this but I dont advise buying this for anything active. I&#8217;m mostly just holding it bc I&#8217;m not on the computer as much rn. Still of the opinion that this will move eventually but opportunity cost is large if you&#8217;re active. <a target=\"_blank\" href=\"https:\/\/t.co\/mqxC5j02CQ\" rel=\"noopener\">pic.twitter.com\/mqxC5j02CQ<\/a><\/p>\n<p>\u2014 Altcoin Sherpa (@AltcoinSherpa) <a target=\"_blank\" href=\"https:\/\/twitter.com\/AltcoinSherpa\/status\/1520204580084420608?ref_src=twsrc%5Etfw\" rel=\"noopener\">April 30, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/shiba-inu-and-dogecoin-compete-for-position-of-largest-meme-coin-as-shib-flips-doge-202204300810\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the meme coin started an uptrend, Shiba Inu recently took over Dogecoin in market capitalization.\u00a0 Burger joint Welly says that the Shiba Inu community will have a stake in its business, fueling a bullish sentiment among holders.\u00a0 Analysts believe Shiba Inu price could continue consolidation within a triangle pattern before breaking out.\u00a0 Shiba Inu [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[268,1389,291,85,3561,253,1170,1175,2751,557,252],"class_list":["post-15364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-coin","tag-compete","tag-doge","tag-dogecoin","tag-flips","tag-inu","tag-largest","tag-meme","tag-position","tag-shib","tag-shiba"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/11\/Shiba_logo_200_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15364"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15364\/revisions"}],"predecessor-version":[{"id":15365,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/15364\/revisions\/15365"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/710"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15364"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}