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SHIB vs DOGE

Dogs Rejoice As SHIB and DOGE Jump 15% Over Past Day

Keshav Verma
by Keshav Verma
3 years ago
·
Posted in Dogecoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The dog memecoins have received pumps as both Shiba Inu (SHIB) and Dogecoin (DOGE) see jumps of around 15% in the past day.

Dogecoin And Shiba Inu Enjoy Sharp Uptrend

The whole crypto market has seen some uplift today after what has been several weeks of downwards movement for many of the big coins.

Among the top cryptos, however, two coins immediately standout in their gains, and those being Dogecoin (DOGE) and Shiba Inu (SHIB).

The dog memecoins have seen price uplifts of around 15% since yesterday. Though, both DOGE and SHIB are still in the red over the last month. Nonetheless, this pump can be an important step towards recovery.

At the time of writing, Dogecoin’s price floats around $0.1722, up 10% over the last seven days. The below chart shows the trend in the price of the crypto over the last five days.

Dogecoin DOGE Price Chart

The price of DOGE seems to have surged up in the past couple of days | Source: DOGEUSD on TradingView

Earlier in the day, the crypto’s price reached as high as $0.1755, more than a 15% jump over the preceding 24 hours.

Related Reading | Think Bitcoin Is Bearish? Check Out These Mining Stocks

As for SHIB, the coin’s price is currently around $0.00003179, up 7% over the past week. Below is a chart showing how the value of the crypto has changed over the last five days.

Shiba Inu SHIB Price Chart

SHIB enjoys a pump over the last couple of days | Source: SHIBUSD  on TradingView

At its height today, Shiba Inu’s price was trading around $0.00003256, jumping almost 18% over the last day. Since then, the coin has come down a bit.

Related Reading | Bitcoin ETF Boredom Leaves “Lackluster Interest” Behind

The reason behind SHIB’s pump looks to be the rumor that Robinhood might be adding the crypto to its listings as early as next month (February).

Here is the source of the rumor, a tweet from ZeroHedge:

SHIBA INU ROBINHOOD LISTING SAID TO COME AS EARLY IN FEB

this is about 6 months too late

— zerohedge (@zerohedge) January 12, 2022

The Shiba Inu community has been fighting hard to get the platform to accept the memecoin for a while now. So far, the petition on change.org has secured the signature of more than 555k SHIB supporters.

Adoption of both SHIB and DOGE has gained some momentum over the past few months as major exchanges and platforms have started dealing in the memecoins.

Just last month, the tech retailer giant Newegg began accepting Shiba Inu as a possible payment option. The store had already started accepting Dogecoin a while back.

BTC Price

At the time of writing, Bitcoin’s price trades around $43.8k, up 2% in the past week. The below chart shows the trend in BTC’s value over the last five days.

Bitcoin Price Chart

BTC's price looks to have jumped up in the last few days | Source: BTCUSD on TradingView
Featured image from Unsplash.com, charts from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Keshav Verma

Keshav Verma

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Keshav is a Physics graduate who has been employed as a writer with Bitcoinist since June 2021. He is passionate about writing and through the years, he has gained experience working in a variety of niches. Keshav holds an active interest in the cryptocurrency market, with on-chain analysis being an area he particularly likes to research and write about.

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