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<span class="qa-q-view-when-data"><time itemprop="dateCreated" datetime="2023-01-29T12:20:25+0000" title="2023-01-29T12:20:25+0000">Jan 29</time></span>
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<div itemprop="text">Almost everyone connected to the Internet has come across the terms Dogecoin and Shiba Inu digital currency.<br>
<br> Shiba Inu is the second most popular meme-themed coin built on the Ethereum blockchain.<br>
<br> The Shiba Inu digital currency managed from nothing in 2020 to overtake Dogecoin in 2021.<br>
<br> SHIB made headlines when it became the highest-grossing meme coin by market cap.<br>
<br> Since the beginning of 2023, SHIB has gained a lot of momentum.<br>
<br> With its ongoing projects, periodic updates, and new partnerships, the coin has become very viral on social media and has garnered the attention of a lot of investors both new and old.<br>
<br> Here are the reasons why Shiba Inu could outperform Dogecoin:<br>
<br> Shibar upgrade:<br>
<br> Shibarium is a layer 2 blockchain that runs on the mainnet of Ethereum.<br>
<br> This network aims to provide a platform that will enable users to develop the project.<br>
<br> Shibarium recently gained support from Atomic Wallet, a cryptocurrency custody service platform.<br>
<br> Burning mechanism:<br>
<br> Recently, Shiba Inu's lead developer, Shitoshi Kusama, stated that one of Shibarium's goals is to burn trillions in cryptocurrency.<br>
<br> This statement created an uproar among the SHIB community because burning cryptocurrencies increases their value and scarcity.<br>
<br> The meme coin has seen significant gains in the past month, with its price up 50% over the past 30 days, according to CoinMarketCap data.<br>
<br> The 15th largest cryptocurrency by market capitalization is currently trading at $0.0000117 (up 2%) with a 24-hour trading volume of $347 million.<br>
<br> One of the reasons behind the recent price hike of the Shiba Inu is that the meme coin was recently listed on South Korea's largest cryptocurrency exchange by trading volume.<br>
<br> In conclusion, SHIB is far from its all-time high of around $0.000086, which it recorded in October 2021.<br>
<br> The cryptocurrency still has the potential to lead meme currencies again, but the task will not be easy, especially in light of the fierce competition from Dogecoin.<br>
<br> What was written above is not investment advice.<br>
<br> Accordingly, investors should do their due diligence before making any high-risk investments in any cryptocurrency.
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<h2><span style="color:#d35400"><strong>Can Shiba Inu Overtake Dogecoin in 2023?</strong></span></h2>
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Login Remember * Register Firstgooal Q&A * Questions * Unanswered * Tags * Users * Ask a Question Ask a Question CAN SHIBA INU OVERTAKE DOGECOIN IN 2023? 0 votes asked Jan 29 in question by mrcat (4.0k points) Almost everyone connected to the Internet has come across the terms Dogecoin and Shiba Inu digital currency. Shiba Inu is the second most popular meme-themed coin built on the Ethereum blockchain. The Shiba Inu digital currency managed from nothing in 2020 to overtake Dogecoin in 2021. SHIB made headlines when it became the highest-grossing meme coin by market cap. Since the beginning of 2023, SHIB has gained a lot of momentum. With its ongoing projects, periodic updates, and new partnerships, the coin has become very viral on social media and has garnered the attention of a lot of investors both new and old. Here are the reasons why Shiba Inu could outperform Dogecoin: Shibar upgrade: Shibarium is a layer 2 blockchain that runs on the mainnet of Ethereum. This network aims to provide a platform that will enable users to develop the project. Shibarium recently gained support from Atomic Wallet, a cryptocurrency custody service platform. Burning mechanism: Recently, Shiba Inu's lead developer, Shitoshi Kusama, stated that one of Shibarium's goals is to burn trillions in cryptocurrency. This statement created an uproar among the SHIB community because burning cryptocurrencies increases their value and scarcity. The meme coin has seen significant gains in the past month, with its price up 50% over the past 30 days, according to CoinMarketCap data. The 15th largest cryptocurrency by market capitalization is currently trading at $0.0000117 (up 2%) with a 24-hour trading volume of $347 million. One of the reasons behind the recent price hike of the Shiba Inu is that the meme coin was recently listed on South Korea's largest cryptocurrency exchange by trading volume. In conclusion, SHIB is far from its all-time high of around $0.000086, which it recorded in October 2021. The cryptocurrency still has the potential to lead meme currencies again, but the task will not be easy, especially in light of the fierce competition from Dogecoin. What was written above is not investment advice. Accordingly, investors should do their due diligence before making any high-risk investments in any cryptocurrency. PLEASE LOG IN OR REGISTER TO ANSWER THIS QUESTION. 1 ANSWER 0 votes answered Jan 29 by mrcat (4.0k points) Best answer CAN SHIBA INU OVERTAKE DOGECOIN IN 2023? PLEASE LOG IN OR REGISTER TO ADD A COMMENT. Welcome to Firstgooal Q&A, where you can ask questions and receive answers from other members of the community. RELATED QUESTIONS 0 votes 1 answer where can i watch miss universe 2023 in south africa asked Jan 15 in question by ta (382k points) 0 votes 1 answer where to watch miss universe 2023 in south africa asked Jan 14 in question by ta (382k points) 0 votes 1 answer where to watch miss universe 2023 in south africa asked Jan 14 in question by ta (382k points) 0 votes 1 answer what is happening on july 7 2023 asked Jan 1 in question by ta (382k points) 0 votes 1 answer unisa status check 2023 using id number asked Nov 30, 2022 in question by ta (382k points) * Send feedback Snow Theme by Q2A Market Powered by Question2Answer ...