Shiba Inu Enters Top 10 and Flips Dogecoin

Altcoins Dogecoin Market
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Fredrik Vold
Author Categories
About Author

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more
Source: AdobeStock/jagodka

The market capitalization of shiba inu (SHIB), the Ethereum-based token promoted as “the dogecoin killer,” has surpassed the capitalization of dogecoin (DOGE), making SHIB the 9th largest cryptoasset by market capitalization. 

After a close race, SHIB increased its dominance over DOGE, reaching a market capitalization of USD 33.43bn. Meanwhile, DOGE left the top 10 club with a market capitalization of USD 31.9bn. 

At 16:46 UTC, SHIB trades at USD 0.00006825 and is up by 44% in a day and 143 in a week. The price exploded by 80787246% in a year, per Coingecko data. At the same time, DOGE trades at USD 0.242175 and is down by 9% in a day and 2% in a week. It jumped by 8988% in a year.
 

SHIB price chart:
 

Source: coingecko.com

Discussing the action in the two meme coins on Twitter, the crypto community appeared to agree that it is just a matter of time before a flippening of DOGE by SHIB happens. 

“How dogecoin became the boomer memecoin” Joe Weisenthal, co-host of the Bloomberg’s Odd Lots podcast, started off one of his tweets by saying, explaining that unlike DOGE, SHIB actually has “a fast moving development roadmap, its own decentralized exchange, NFTs, and advanced smart contracting capabilities.”

Also sharing his thoughts on the potential flippening was Arcane Crypto’s Eric Wall, who made the case for why “SHIB is better than DOGE” in a detailed Twitter thread, before finally admitting “This is a comedy thread people.”

Lastly, Erik Voorhees, CEO of the open-source crypto platform ShapeShift, joked “A world in which SHIB flips DOGE is not a world in which I wish to live.”

Other reactions:

___
Learn more: 
Floki Inu Floods London With Ads While Shiba Inu Nears Dogecoin
Shiba Inu Speculators Could Learn This Lesson from Dogecoin

Dogecoin Wannabes Flood The Market With Pumps & Dumps

DOGE’s Rally Has Revived Dogecoin Development, But For How Long?
Are GameStop-Style Surges In Crypto Any Different From Old Pumps & Dumps?
___
(Updated at 16:49 UTC with the latest market data).

More Articles

Blockchain News
Japan’s SBI Posts Record Crypto Profits; Aims for Nation’s First USDC Listing
Tim Alper
Tim Alper
2025-02-09 23:30:00
Price Analysis
Price Breakthrough Forecast: The Next XRP Rally Could Be Here Soon
Arslan Butt
Arslan Butt
2025-02-09 14:21:48
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors