Violet Vallaya
The Shiba Inu team has once again made waves in the cryptocurrency world with a bold proclamation aimed at their biggest rival, Dogecoin.
In a recent tweet, the Shiba Inu team asserted their unwavering commitment to surpassing Dogecoin in valuation, signaling that the days of Dogecoin’s dominance as the leading meme coin are numbered.
The bold assertion comes hot on the heels of the cryptocurrency trading platform Crypto.com’s acknowledgment of SHIB as the second most valuable meme-inspired project. However, the Shiba Inu team made it clear that they are not content with the second place, stating, “#2 today, but the Doge days are numbered.”
“We’ve got the #ShibaArmy #Shibarium and secret wags we can’t reveal yet. Get ready for a new top doggo. Much wows incoming! #SHIB“
The Shiba Inu team’s declaration is not without substance. Recent trading data revealed a staggering trade volume of $31 billion for Shiba Inu last week, a figure that significantly surpassed Dogecoin’s volume for the same period by $8 billion. The remarkable achievement has positioned Shiba Inu as a formidable contender in the meme coin market, challenging Dogecoin’s long-standing dominance.
Furthermore, Shiba Inu’s trading volume outpaced that of utility-based altcoins like Solana.
Additionally, on March 5, SHIB breached the $0.000045 threshold, signaling its resurgence and reigniting investor interest in the cryptocurrency.
The Shiba Inu team’s confidence about surpassing Dogecoin is bolstered by their strategic initiatives, including developing Shibarium—a blockchain ecosystem—and the mobilization of the Shib Army, a dedicated and fiercely loyal community of supporters. Additionally, they hinted at undisclosed “secret wags” that could further strengthen Shiba Inu’s position in the market.
With the team’s strategic initiatives such as #ShibaArmy, #Shibarium, and undisclosed “secret wags,” coupled with its impressive market performance, it appears that Shiba Inu is well-positioned to challenge Dogecoin’s reign as the leading altcoin.
