- SHIB and DOGE have competed for dominance in market capitalization since the beginning of the alcoin season.
- Binance and Crypto.com have added SHIB-DOGE trading pair to facilitate exchange between the two rival memecoins.
- DOGE and SHIB emerge as traders’ favorites on top Indian cryptocurrency exchanges.
Dogecoin and Dogecoin-killer Shiba Inu tokens rank among the highest traded cryptocurrencies on Indian cryptocurrency exchanges. DOGE and SHIB rivalry ensues with the addition of SHIB-DOGE trading pairs on spot exchanges.
Dogecoin fights for dominance in memecoins, maintains position in top 10 cryptos
Shiba Inu coin, popularly known as the Dogecoin-killer, briefly flipped DOGE in market capitalization last week. Dogecoin regained its lost market capitalization to claim its spot in top 10 cryptocurrencies with a spike in trade volume.
Top cryptocurrency exchanges Binance and Crypto.com have added the SHIB-DOGE trading pair in lieu of the two memecoins’ rising popularity. Shiba Inu recently noted a massive spike in on-chain activity when daily trade volume of the memecoin exceeded that of Ethereum, Solana and other altcoins.
Dogecoin holders are awaiting the launch of the DOGE-ETH bridge for boosting the utility of the memecoin. A Dogecoin proponent @TDogeWhisperer has revealed that developer @michilumin is working on setting up a Starlink node for DOGE as a long term effort to help the unbanked and unconnected users.
A Starlink node will be setup for #Dogecoin as part of a long term effort to help those that are unbanked & unconnected save & transact
It will be off-grid & allow the decentralized currency to proliferate. #Doge developer @michilumin is spearheading the engineering efforts pic.twitter.com/6WhvBE5w0K
— Doge Whisperer (@TDogewhisperer) November 3, 2021
