After the Crypto Crash, Shiba Inu Is Recovering More Rapidly Than Dogecoin
Both coins plummeted heavily on Monday, along with the rest of the market, but SHIB is yielding higher returns than its meme opponent. After yesterdays dramatic fall, in which several of the major cryptocurrencies lost 10% or more of their value, the cryptocurrency market is showing signs of life today. Overall, the market is up a couple percentage points today, and when it comes to meme coins and tokens, Shiba Inu is outperforming its main competitor, Dogecoin. Shiba Inu (SHIB) is up about 5% in the last 24 hours, according to CoinMarketCap statistics, and is currently trading at $0.00001615. Dogecoin (DOGE), on the other hand, is currently trading at $0.109833, up less than 1%. What is causing SHIBs faster value recapture? Theres no obvious hint this time—no tweet or announcement from the makers or a key influencer, and no sudden pops on the 24-hour chart. Shiba Inu may have merely fallen harder yesterday as a result of the broader market turmoil, and then rebounded a little harder as a result. Meme coins and tokens are notoriously volatile, with value swinging rapidly in either direction, even when its only fractions of a penny. Nonetheless, Shiba Inu has survived recent losses. It has dropped by around 21%