Shiba Inu has increased by 48 percent over the past week, whereas Dogecoin has only seen gains of 26 percent.

Dogecoin’s weekly returns are double that of the Shiba Inu.

Both DOGE and SHIB have been attempting to regain their footing since the market-wide crypto meltdown earlier in the month. But up until now, the latter has been able to see the greater comeback.

Shiba Inu is currently trading at $0.00001187, up 48% from the previous week. The value of the memecoin over the previous five days is depicted in the chart below.

Shiba Inu has increased
The price of the crypto seems to have observed sharp uptrend over the last few days | Source: SHIBUSD on TradingView

The DOGE cousin has already bounced back from the crash, as shown in the graph above, and has increased by about 1.5% over the past month.

Shiba Inu has increased

Now coming to Dogecoin, the OG memecoin’s price is floating around $0.0732 at the time of writing, up 26% over the past week.

Here is a chart that shows how the value of the coin has changed during the period of the last thirty days:

Shiba Inu has increased
Looks like DOGE too has observed some recovery recently, but not as great as SHIB’s | Source: DOGEUSD on TradingView

Dogecoin hasn’t fully recovered from the market crisis earlier in the month, as can be seen from the graph.

DOGE continues to be in the red with monthly returns of roughly -7 percent, in contrast to SHIB, which has earned positive gains over the past month.

Shiba Inu appears to be outperforming the original memecoin at the moment. However, how do the coins compare over longer time periods, like the last three months, for example?

Each cryptocurrencies appear to have generated roughly comparable results for the time being, with investors in both being about 50% underwater.

Even more recently, during the last six months, the memecoins have had roughly the similar returns of around -49 percent.

SHIB Vs DOGE In Terms Of Market Cap

Any cryptocurrency’s “market capitalization” is calculated by multiplying its current price by the total number of coins in circulation.

Dogecoin is presently ranked #10 on the list of the biggest cryptocurrencies, making it the cryptocurrency with the tenth-largest market capitalization.

The market capitalizations of SHIB and DOGE are contrasted in the table below.

Shiba Inu has increased
DOGE currently has a cap of about $9.5 billion | Source: CoinMarketCap

Shiba Inu is currently ranked thirteenth on the cryptocurrency list, three positions below Dogecoin, as you can see above, despite the recent higher returns.

Source: Bitcoinist

Read more articles here…

Leave a Reply

Your email address will not be published.