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Meme King ‘DOGE’, Queen ‘SHIB’ Into Top 20 — Will They Rule the Crypto World? By CoinQuora

by Mike Robinson

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Meme King ‘DOGE’, Queen ‘SHIB’ Into Top 20 — Will They Rule the Crypto World?
  • Meme coins DOGE, and SHIB make it to the top 20 of the cryptocurrency market.
  • SHIB token’s price spiked over 50% in the last couple of days.
  • Both DOGE (and SHIB) can enter the Top 5 if the trend continues.

Meme Queen (SHIB), Meme King(DOGE) make it to the top 20 of the cryptocurrency market. Market capitalization is also a major factor in crypto rankings.

Investors and traders in the crypto market are never disappointed. This time, the ‘DOGE Killer’ is now back on fire for the past few days. Detail: The token’s price has risen by more than 50% over the past couple days. This aggressive move attracts attention from all investors around the globe.

Open-source digital asset Meme King Dogecoin. More so, Dogecoin’s creators envisaged it as a fun, light-hearted digital asset that has huge appeal. Dogecoin climbed into the top ten cryptocurrency assets list for the first-time since 2015.

Check out this article: Dogecoin price prediction

ShibaInu, meanwhile, entered the top twenty crypto markets in just two days. CoinMarketCap ranks Dogecoin at 9th place, and Shiba Inu at 17th. Both have market caps of greater than $32,252,438,21313 (and $11,850,848,607), respectively.

What is Shiba Inu (SHIB), and Why Are They Up?

Second only to Dogecoin, Shiba Inu has become the most popular meme. Elon Musk made a recent tweet with an image of his new dog — Shiba Inu named Floki. Notably, Musk’s tweet has kick-started SHIB’s price surge with many SHIB holders thanking the Tesla (NASDAQ:) CEO for sending SHIB ‘to the moon’.

Aside from this, there are many other factors that may lead to SHIB’s price surge. ShibaSwap’s native token is called SHIB. The platform has $275 million in stock.

Planet Crypto covered earlier in the month the India Crypto Covid Relief Fund, which converted remaining SHIB tokens, originally donated by Vitalik Buterin who was also the co-founder. In the wake of the final conversion, members of the SHIB community expressed hope for the token’s future stability. Users described the event as an end to a “hostage situation” for SHIB.

This trend will continue, and the meme coins DOGE (ICP) and SHIB could also rise to the top 5 on CoinMarketCap. The token rose to the 20th position, surpassing Polygon (MATIC), Internet Computers (ICP), (AXS). SHIB ranked 4th in trading volume over the last 24 hours behind (USDT),(BTC), and Ethereum (ETH).

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