- Both dog-themed coins recorded massive ~30% weekly gains
- Dogecoin (DOGE) re-entered the top 10 by market cap
- #DogecoinToTheMoon and Shiba Inu are trending on Twitter
- Despite DOGE regaining its position, SHIB Twitter surpasses DOGE
Shiba Inu (SHIB) and Dogecoin (DOGE) have made a huge contribution to the crypto renaissance, as the top dog tokens are leading the markets, spiking by 22.7% and 33% on weekly terms, respectively.
Both top dog coins have major catalysts right now! #dogecoin #shibainu $shib $doge— Lark Davis (@TheCryptoLark) August 16, 2022
Dogecoin - the launch of #dogechain which requires wrapped DOGE for trading
Shiba Inu - the coming launch of their layer two Shibarium
Seems like every dog does have its day!
Recent Developments Aroused Community Interest
It is fair to say that both the SHIB Army and DOGE Army have been as active as ever recently. With the launch of Shiba Eternity, the card game that was in development for two years in partnership with PlaySide Studios, the dog-themed token skyrocketed by 29.5% in the last 7 days. At press time, Shiba Inu (SHIB) trades at $0.00001593, according to CoinGecko.
On top of that, there’s a Shibarium layer-2 update coming along, as well as an SB Visa card with an auto-burning function. Moreover, a SHIB clothing line in partnership with English-Italian designer John Richmond is set to take off later this year. The strength of the Shiba Inu community shows in the fact that the developers behind Shiba Eternity had to increase the server capacity by 50 times. Finally, the Shiba Eternity iOS version has already entered the top 50 on the Apple Store. No wonder the official SHIB Twitter account praises the SHIB Army.
Breakthrough Week for Shiba Inu (SHIB) & Dogecoin (DOGE)?
Elon Musk’s beloved Dogecoin (DOGE) is back in the top 10 by market capitalization shortly after Avalanche (AVAX) fell from the #10th position. This comes just a couple of weeks after the core update, generating a higher transaction volume soon after.
At press time, Dogecoin (DOGE) trades at $0.087570, recording an impressive 14.8% gain in the last 24 hours, according to CoinGecko. Moreover, the top dog memecoin is 24.7% up and now is a popular payment method to donate to the American Cancer Society. The widespread use of Dogecoin (DOGE) is also a result of the upcoming Ethereum (ETH) ‘The Merge’ update. The switch to Proof of Stake (PoS) will allow the second largest blockchain to achieve an eco-friendly level of maintenance, thus accelerating crypto adoption. The real question is: can The Merge catapult Shiba Inu (SHIB) or Dogecoin (DOGE) to the moon?
On the Flipside
Why You Should Care
Both memecoins Shiba Inu (SHIB) and Dogecoin (DOGE) have among the largest crypto communities, which is vital for long-term success in the crypto world.