fbpx
  • About Us
  • Contact
  • Sponsored Content
  • Price Tracker
  • Write for Us
  • Terms and Conditions
Coin Culture
  • Markets
  • Policy
  • Tech
  • People
  • Business
  • 101 Guide
    • Bitcoin Guide
    • Blockchain Guide
    • Ethereum Guide
    • DeFi Guide
    • Trading Guide
    • ICO guide
    • Bitcoin Cash Guide
    • Ripple Guide
    • NFT
    • Dogecoin guide
  • Hot topics
    • NFT
    • Metaverse
    • Games
    • Forecast
  • Exchanges
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Crypto.com Review
      • Crypto.com Review
      • Swyftx Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx
      • CoinSpot vs Digital Surge
      • CoinSpot vs Coinbase
      • Coinspot vs Binance
      • CoinSpot vs Kraken
      • CoinSpot vs Independent Reserve
      • CoinSpot vs Bitfinex
      • Coinspot vs Plus500
      • CoinSpot vs Bittrex
      • CoinSpot vs BTC Markets
      • CoinSpot Vs Etoro
      • CoinSpot vs Cointree
      • CoinSpot vs KuCoin
      • Crypto.com Vs Coinbase
      • Crypto.com vs Binance
      • Swyftx vs. Independent Reserve
      • Swyftx vs. CoinJar
      • KuCoin vs. Coinbase
No Result
View All Result
SUBSCRIBE
Coin Culture
  • Markets
  • Policy
  • Tech
  • People
  • Business
  • 101 Guide
    • Bitcoin Guide
    • Blockchain Guide
    • Ethereum Guide
    • DeFi Guide
    • Trading Guide
    • ICO guide
    • Bitcoin Cash Guide
    • Ripple Guide
    • NFT
    • Dogecoin guide
  • Hot topics
    • NFT
    • Metaverse
    • Games
    • Forecast
  • Exchanges
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Crypto.com Review
      • Crypto.com Review
      • Swyftx Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx
      • CoinSpot vs Digital Surge
      • CoinSpot vs Coinbase
      • Coinspot vs Binance
      • CoinSpot vs Kraken
      • CoinSpot vs Independent Reserve
      • CoinSpot vs Bitfinex
      • Coinspot vs Plus500
      • CoinSpot vs Bittrex
      • CoinSpot vs BTC Markets
      • CoinSpot Vs Etoro
      • CoinSpot vs Cointree
      • CoinSpot vs KuCoin
      • Crypto.com Vs Coinbase
      • Crypto.com vs Binance
      • Swyftx vs. Independent Reserve
      • Swyftx vs. CoinJar
      • KuCoin vs. Coinbase
No Result
View All Result
Coin Culture Logo
No Result
View All Result

Home » Dogekiller: Shiba Inu ($SHIB) overtakes Doge in Market cap

Dogekiller: Shiba Inu ($SHIB) overtakes Doge in Market cap

Matt Gladstone by Matt Gladstone
October 14, 2022
in Currencies
shiba inu skyrockets
Share on FacebookShare on Twitter

You might also like

ADA Backed Stablecoin Djed Goes Live On Cardano

Uniswap Dev Team Wins Battle of Titans Web3 Gaming Competition

Polkadot Surpasses Cardano To Rank Top In Crypto Development Activity

In a down day for the market, Shiba Inu has skyrocketed by over 60% today on a RobinHood listing push from users and general hype around the currency. Branded as a Dogekiller, Shiba Inu has lived up to the name, having surpassed Dogecoin in market cap ranking.

Why is Shib so popular?

Shib has gained a lot of traction from cryptocurrency investors as the price of the cryptocurrency has been skyrocketing since early October. In the last 30 days, Shiba Inu has seen impressive gains over 1000%. This has prompted prominent figures like Elon Musk to comment on the coin. The coin did pullback slightly when Elon announced he does not own any Shib.

None

— Elon Musk (@elonmusk) October 24, 2021

Despite this, the developers of the Shiba Inu project have been actively developing the ecosystem to take advantage of the growing interest. With the release of LEASH and BONE (SHIB’s governance token), investors have seen fast-paced work from the SHIB team. The launch of Shibaswap in July was the first phase, and the launch of their NFT project two weeks ago was another. The 10,000 Shiboshi NFTs launched on ShibSwap on October 15th. Only LEASH was able to purchase the Shiboshi NFTs in the first 24 hours.

Will Shib crash?

While Shiba Inu has beaten all expectations by breaking into the top 10 cryptocurrencies by market cap, it is uncertain whether it can maintain this momentum. With a current market cap of over $40 billion, it is can appear to many to be overvalued. Surpassing heavily used projects like Avalanche and Polygon, Shiba Inu’s future valuation largely depends on whether the Shib ecosystem can keep the interest of its user base.

Currently, Shib is seen a very speculative project that has big ambitions. Whether this can translate into sustained growth is another question. Generally projects that skyrocket into the top 10 do not stay there for long unless they have very strong fundamentals. Shib is currently proving naysayers wrong and has seemingly replaced Doge as the memecoin of choice.

Shib now ranks 9th in market cap of all cryprocurrencies with Doge sitting in the 11th spot.
If you want to buy Shiba Inu and Doge coins, we highly recommend CoinSpot because it’s well-known for its competitive fees, 24/7 customer support and great secuirty features. You can refer to our CoinSpot review to discover its services.

Tags: Altcoin NewsDogecoin NewsMarketsShiba Inu News
Matt Gladstone

Matt Gladstone

An avid crypto investor since 2016, I'm a big fan of anything new in the space. I'm currently a big fan of DeFi and can't wait for better interoperability and cross-chain liquidity! I'm a true believer and always love to chat anything crypto.

Recommended For You

ADA Backed Stablecoin Djed Goes Live On Cardano

by John Hobbs
February 2, 2023
0
ADA Backed Stablecoin Djed Goes Live On Cardano

Many cryptocurrency community members have become weary of stablecoins since the collapse of the TerraUSD in May 2022. Since its peak just before Terra's collapse, the market for...

Read more

Uniswap Dev Team Wins Battle of Titans Web3 Gaming Competition

by John Hobbs
January 31, 2023
0
Uniswap Dev Team Wins Battle of Titans Web3 Gaming Competition

Uniswap won Battle of Titans, the web3 dev gaming competition organized by Starkware-based on-chain gaming ecosystem MatchboxDAO and webcast on Twitch. Participants are from web3 firms, including Ledger,...

Read more

Polkadot Surpasses Cardano To Rank Top In Crypto Development Activity

by John Hobbs
January 30, 2023
0
Polkadot Surpasses Cardano To Rank Top In Crypto Development Activity

On-chain analytics company Santiment has shown that Polkadot’s development activity, combined with that of its pre-production network Kusama, has been higher than that of Cardano during the past...

Read more

MATIC Token’s Price Surges Amid Rising Transaction Activity

by John Hobbs
January 29, 2023
0
MATIC Token’s Price Surges Amid Rising Transaction Activity

The MATIC token, used by the Ethereum scaling tool Polygon, has increased in value by 12% in the previous day, following the year’s upward trend. A share in...

Read more

BUSD Down $2B In A Single Month Amid Token Mismanagement

by John Hobbs
January 27, 2023
0
BUSD Down $2B In A Single Month Amid Token Mismanagement

Binance stablecoin BUSD has continued its recent falls due to mismanagement concerns regarding the exchange’s pegged tokens. According to CoinGecko, the total supply of BUSD dropped to $15.4...

Read more
Next Post
Bitcoin Chess Concept, Bitcoin Cryptocurrency Concept, Bitcoin Strategy With King Chess

Steam bans Crypto Games, while Epic Games embraces them

Please login to join discussion

Most popular

  • Polkadot Surpasses Cardano To Rank Top In Crypto Development Activity

    Polkadot Surpasses Cardano To Rank Top In Crypto Development Activity

    90 shares
    Share 36 Tweet 23
  • Best Crypto Youtube Channels For Crypto Enthusiasts 2023

    630 shares
    Share 252 Tweet 158
  • Top Crypto Twitter Influencers in 2022

    878 shares
    Share 351 Tweet 219
  • 11 Best Crypto Debit Cards In Australia: A Curated List 2022

    125 shares
    Share 50 Tweet 31
  • ChatGPT Taught On How Bitcoin Will End Fiat Currency

    77 shares
    Share 31 Tweet 19

Recommended

Committee Appointed To Represent Genesis Global's Unsecured Creditors

Committee Appointed To Represent Genesis Global’s Unsecured Creditors

February 6, 2023
Australia Releases Token Mapping Consultation Paper To Guide Regulation

Australia Releases Token Mapping Consultation Paper To Guide Regulation

February 5, 2023
MicroStrategy Records $197.6M Impairment in Q4 2022

MicroStrategy Records $197.6M Impairment in Q4 2022

February 5, 2023
Coinbase Stock Jumps 24% After Federal Securities Suit Dismissal

Coinbase Stock Jumps 24% After Federal Securities Suit Dismissal

February 5, 2023
Facebook Twitter Instagram
coin culture logo

Your Australian news source for all things cryptocurrency. Coin Culture is an independent media outlet that aims to provide an Aussie take on crypto, digital assets, and investing.

Hot Topics

  • DeFi
  • NFT
  • Gaming

Top articles

CoinSpot Review
Swyftx Review
Best Crypto Exchanges Australia
CoinSpot vs Swyftx

BROWSE BY TAG

Adoption Altcoin News Banks Bitcoin Bitcoin News Blockchain News btc Business Cardano Cardano News CBDC China CoinSpot Crypto Cryptocurrencies Crypto Exchange DeFi Dogecoin News El Salvador ETF Ethereum News Exchanges Feature FTX Games Markets Metaverse Mining NFT NFT Game Opinion People Policy and Regulation SAM SEC Security Shiba Inu News Solana Stablecoins Tech Terra Top Crypto News Australia | CoinCulture Trading U.S. web3

© 2022 CoinCulture. All rights reserved.

No Result
View All Result
  • Markets
  • Policy
  • Tech
  • People
  • Business
  • 101 Guide
    • Bitcoin Guide
    • Blockchain Guide
    • Ethereum Guide
    • DeFi Guide
    • Trading Guide
    • ICO guide
    • Bitcoin Cash Guide
    • Ripple Guide
    • NFT
    • Dogecoin guide
  • Hot topics
    • NFT
    • Metaverse
    • Games
    • Forecast
  • Exchanges
    • Crypto Exchange Reviews
      • CoinSpot Review
      • Crypto.com Review
      • Crypto.com Review
      • Swyftx Review
    • Exchange Comparisons
      • CoinSpot vs Swyftx
      • CoinSpot vs Digital Surge
      • CoinSpot vs Coinbase
      • Coinspot vs Binance
      • CoinSpot vs Kraken
      • CoinSpot vs Independent Reserve
      • CoinSpot vs Bitfinex
      • Coinspot vs Plus500
      • CoinSpot vs Bittrex
      • CoinSpot vs BTC Markets
      • CoinSpot Vs Etoro
      • CoinSpot vs Cointree
      • CoinSpot vs KuCoin
      • Crypto.com Vs Coinbase
      • Crypto.com vs Binance
      • Swyftx vs. Independent Reserve
      • Swyftx vs. CoinJar
      • KuCoin vs. Coinbase

© 2022 CoinCulture. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.
  • bitcoinBitcoin(BTC)$22,968.00-1.63%
    BITCOIN
    24H : -1.63%
    Volume : $26,930,846,410.00
    Marketcap : $442,713,176,750.00
  • ethereumEthereum(ETH)$1,633.19-2.11%
    ETHEREUM
    24H : -2.11%
    Volume : $8,267,296,207.00
    Marketcap : $196,545,699,174.00
  • tetherTether(USDT)$1.000.200%
    TETHER
    24H : 0.200%
    Volume : $37,462,436,418.00
    Marketcap : $68,174,059,438.00
  • binancecoinBNB(BNB)$327.96-0.89%
    BNB
    24H : -0.89%
    Volume : $616,144,333.00
    Marketcap : $44,223,443,448.00
  • usd-coinUSD Coin(USDC)$1.00-0.10%
    USD COIN
    24H : -0.10%
    Volume : $3,194,087,275.00
    Marketcap : $42,070,662,976.00

Add New Playlist