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Does SHIB, the ‘Dogecoin rip-off,’ have any advantages over the ‘boomer memecoin’
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Memecoins took center stage as Shiba Inu flipped Dogecoin in terms of market capitalization. At press time, SHIB was the ninth most valuable crypto-asset with a market cap of $34.7 billion. However, DOGEoccupied tenth place with a market cap of $34.4 billion.
In fact, Shiba Inu has surged by more than 136% in the last seven days and by nearly 800% over the last three months. Its native token ‘SHIB’ registered 2.8 million searches on average per month so far this year. It even surpassed Bitcoin and Ethereum in average monthly searches.
According to market sentiment, most traders, even investors, want to make SHIB a part of their portfolios. In effect, crypto-exchange platforms have been seeing massive traffic of late. In one such event, the
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