The market capitalization of Shiba Inu (SHIB) surpassed that of Dogecoin recently. The Ethereum-based token, SHIB, entered the market as a “Dogecoin killer.” This race of the dogs has been a rather interesting one to watch. However, the most relevant question here is this – Will another new dog in town – Floki Inu – threaten SHIB and Dogecoin’s hold?
After a close race, SHIB increased its dominance over DOGE, hitting a market capitalization of $33.43 billion. DOGE, the so-called OG dog-coin, had to make an exit from the top ten coins’ club with a market capitalization of $31.9 billion.
Earlier today, SHIB’s price had risen by an astounding +174% in one week as “diamond-fisted” hodlers continued to be rewarded. However, the alt’s supply of
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