Will SHIB And DOGE Overshadow Bitcoin And Ethereum’s Prominence?

The post Will SHIB And DOGE Overshadow Bitcoin And Ethereum’s Prominence? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Meme coins are now under the active consideration of folks from the crypto street. SHIB’s rally has been impelling for other meme-inspired coins to rise towards prominence. The rally did influence Dogecoin to pick up the pace. However, the recent corrections in the market did hamper another leg-up, which could make way for another stupendous rally. 

The top-tier meme coins seem to be stuck in a rut, as the digital coins move along a narrow bandwidth. SHIB sees whale accumulations during the dip. While Dogecoin and Shiba Inu outpower Bitcoin and Ethereum in google search results in 30 U.S states. 

The Dominance Of Meme Coins? 

Enthusiasts from the meme coin community, are looking forward to another bullish move by the coins, towards greater highs. While the SHIB army has been waiting for SHIB to gulp yet another zero. SHIB accumulations by the whales have been going on despite the fall, as investors buy the dip. While the community has eyes on the good news, which CoinPedia had earlier reported. 

According to some sources, more people in the 30 states of the U.S search for Dogecoin, and Shiba Inu. Which is greater than market leaders Bitcoin and Ethereum. Meanwhile, Elon Musk urges DOGE holders to transit from centralized exchanges. 

Shiba Inu (SHIB)

SHIB Price at press time is trading at $0.00003947 with negative gains of 6.0%. The market cap is at about $21,782,419,122. While the trading volume for 24-hours is at $2,359,287,575. The meme coin is trading along with a narrow range from $0.00003869 to $0.00004287 since the previous day.

The Doge-killer has shed over 50% in price since its ATH of $0.00008616. Which enthusiasts expect to be a result of the market corrections. That has hampered the digital coins leg-up towards eliminating another zero from its price tag. 

Dogecoin (DOGE)

 DOGE Price at press time is trading at $0.2183 with gains being negative by 2.1%. While the market cap is at $28,872,335,408. The trading volumes for 24-hours is at about $1,258,811,440. The altcoin is trading in the range between $0.217831 to $0.234470. 

Collectively, the meme coin space would need an imperative boost coming from institutions and the community for an upswing towards another meme season. Another major acceptance comes from Ask The Doctor who will be accepting SHIB, DOGE, and FLOKI as payments for healthcare services. More such adoptions and acceptance will help meme coins sustain prominence in the industry. Which would help initiate another bullish swing.