Firstly, the crypto influencer remarked that “Shiba Inu looks like it’s fueling up for another leg” in his live stream, while also tweeting it on August 15th. At the moment, Shiba Inu (SHIB) sits near a key resistance level and with ‘#ShibaInu’ and ‘Shiba Eternity’ trending on Twitter (NYSE:TWTR) for the second day in a row, the possibilities are endless.
The memecoin is leading the crypto rally this week because the hype of ‘The Merge’ coincides with Shiba Inu’s new game release, Shiba Eternity, which already entered the top 50 on the Apple (NASDAQ:AAPL) Store. On top of that, retail adoption is growing rapidly because of the forthcoming SHIB apparel line and acceptance by America’s two biggest food delivery services – Uber (NYSE:UBER) Eats US and DoorDash. Not to mention Welly’s, the Shiba Inu (SHIB) themed restaurant in Italy, with plans to set up shop in other countries in the near future. Ultimately, as retail adoption grows, the world will have to get used to seeing the cute face of the Japanese dog.
Dogecoin’s (DOGE) founder Billy Markus, also known as Shibetoshi Nakamoto stepped in to remind the DOGE army about the light-hearted approach of the project. “Dogecoin, at heart, is just a shared database and network to add verifiable transactions to that database to move around virtual coins”. The founder of DOGE remarked that “crypto is simple”, but “people are complicated”.
At press time, Dogecoin (DOGE) trades at $0.084555, which marks a 21.2% weekly increase. Moreover, the top dog coin has reclaimed the #10 position by total market capitalization, just a couple of days after Polkadot (DOT) forced the canine coin to step aside. Dogecoin’s (DOGE) journey to the moon might take a while, as the meme coin still has a way to go to reinstate its all-time high at $0.73 on May 8th, 2021.
On the Flipside
Why You Should Care
With meme coins leading the bull race, the crypto market could increase its total market cap significantly.
Read more about the dog race between Shiba Inu (SHIB) & Dogecoin (DOGE)
Read more about Shiba Inu’s recent surge, highest since April
Find out why Ethereum (ETH) whales keep stocking up on Shiba Inu (SHIB)
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Source: Cryptocurrency - investing.com
