The Shiba Inu (SHIB) team has reaffirmed their commitment to surpassing Dogecoin (DOGE) in a recent announcement. The SHIB network also hinted at “secret” endeavors that could expedite its rally to overtake DOGE in terms of market capitalization.
What Is Shiba Inu’s “Secret” Strategy?
The above-mentioned statement comes as trading platform Crypto.com shone a spotlight on SHIB as the second most valuable meme-inspired project. In response to Crypto.com’s recognition, the Shiba Inu team took to X and emphasized that while SHIB currently holds the second position, their aim is to secure the top spot.
They wrote, “#2 today, but the Doge days are numbered.” This underscored their determination to dethrone Dogecoin and emerge as the leading meme-inspired cryptocurrency project. The Shiba Inu Army has been actively supporting SHIB toward surpassing DOGE since earlier this month when SHIB entered the top 10 rankings, trailing Dogecoin by approximately $4 billion.
Despite their efforts, they have yet to achieve their goal, but their resolve remains steadfast. Moreover, the team highlighted the strong community support Shiba Inu has garnered over the years. In addition, the team hailed their ecosystem blockchain Shibarium, which provides various utilities to the crypto development space.
Furthermore, they teased the existence of “secret wags,” hinting at impending strategies to be employed to eclipse DOGE market cap. Hence, the team encouraged the community to anticipate more exciting developments. However, as of now, the team isn’t ready to disclose details of these “secret wags.”
The SHIB team also remarked, “Get ready for a new top doggo. Much wows incoming.” Moreover, the crypto community perceives Shiba Inu surpassing Dogecoin as an inevitable outcome. In addition, the SHIBArmy even suggested that SHIB could be the first meme coin to achieve a $100 billion market cap.
Also Read: Shiba Inu’s Lucie Buys 40 Mln SHIB Eyeing ‘Miracle Recovery,’ What’s Next?
SHIB Vs. DOGE
Both Shiba Inu and Dogecoin tumbled down the ranks. While DOGE remained the in the top 10 ranks, SHIB attained the 11th spot. The slip in ranks can be attributed to the recent crypto market crash, which spilled over to Dogecoin and Shiba Inu.
On the contrary, DOGE and SHIB rebounded from the losses but couldn’t manage to grab their ranks back as Avalanche (AVAX) stood strong despite a drop. At press time, the SHIB price gained 3.63% to $0.0000259 with a market cap of $15.26 billion.
Whilst, the Dogecoin price soared 5.99% to $0.1355 with a market valuation of $19.44 billion. Moreover, the DOGE open interest surged 5.56% to $973.71 million, according to Coinglass. Meanwhile, the SHIB open interest plunged 2.18% to $81.80 million.
Earlier, in late October 2021, Shiba Inu had surpassed the Dogecoin market cap for a short while when SHIB reached its all-time high. However, Dogecoin reclaimed its position and has consistently remained within the top 10 rankings, while SHIB slipped down the ranks.
Also Read: Shiba Inu Developer Drops Exclusive Insights On Zama Partnership, Here’s Everything
The post Shiba Inu Team Hints At “Secret” Strategy To Eclipse Dogecoin appeared first on CoinGape.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed