By Samuel Indyk, David Pichodo & Robert Zach

Investing.com – Dog-based cryptocurrencies and were trading places as The 9^thThese are the 10^ThOn Friday morning, the largest cryptocurrency markets by market value were listed.

Shiba Inu rally

At the beginning of the month, Shiba Inu’s market cap was less than $3 billion but a rise of over 800% in October has seen that hit over $50 billion. The retreat from the record high seen yesterday has seen Shiba Inu’s market cap drop back below $40 billion, although at the time of writing it is still larger than Dogecoin.

Dogecoin

Dogecoin is still well below the May 2018 high. There was a lot of interest in the coin from social media traders, such as Reddit or Twitter. However, it failed to reach $1 and fell below $0.74. Its current market capitalization is almost $90 million. At its current price, Dogecoin’s market cap is similar to Shiba Inu’s at just below $40 billion.

What’s next?

Many analysts call for an adjustment in ShibaInu. In fact, today’s coin trades at 30% less than yesterday’s all-time high. But it is not easy to gamble against an asset that rose 800% in a matter of months.

Technically, the support is around $0.00006000 per hour, and analysts see several uptrend lines which would be needed to break the tide.

Shiba Inu is currently trading at $0.00007029

Who could become next Shiba Inu, Doge?

Many people are still speculating on the future of Shiba Inu and Dogecoin. Others are also looking into other Dog- and Cat-based coins such as Kitty InuOder Kishu Inu. Investing.com received a lot of emails in recent days asking if the site would add the Kitty Inu Coin. The coin has posted over 80% gains on Friday morning.