• Dogecoin is struggling to stay above $0.08, while Shiba INU (SHIB) has gained double-digit growth and is close to breaking the resistance of $0.00001042.
• Shiba INU appears to be the biggest Dogecoin killer as it has seen significant highs in recent days.
• Dogecoin has bounced off from its lows below $0.07 and has seen an upswing, but is still less volatile than other cryptocurrencies.
Dogecoin has been in the headlines lately, but not for the best reasons. After reaching a high of $0.08, the cryptocurrency has been struggling to stay above that level, while its biggest competitor, Shiba INU (SHIB), has seen double-digit growth. The SHIB price is now hovering very close to $0.0001 and appears to be on the verge of breaking the resistance of $0.00001042. If successful, this would mark a significant milestone in SHIB’s ascent and could signal a shift in the cryptocurrency landscape.
Shiba INU has been gaining ground on Dogecoin in recent weeks, and is now viewed as the biggest Dogecoin killer. This is due to its impressive performance, which has seen the token make significant highs in recent days. The most recent surge appears to be due to the recovery of the losses incurred due to the collapse of the FTX exchange. Thus, it appears as if Shiba INU is set to take over Dogecoin as the leading meme-based cryptocurrency.
Dogecoin, however, is still in the game. After falling to lows of below $0.07, the cryptocurrency has seen an upswing which has seen it regain some of its lost ground. Despite this, the coin is still much less volatile than other cryptocurrencies, which could be attributed to its low trading volume.
Overall, the Shiba INU (SHIB) price appears to be on the verge of breaking through the resistance of $0.00001042. If the token is successful, it could signify a major shift in the crypto landscape, with Shiba INU coming out on top as the biggest Dogecoin killer. At the same time, Dogecoin is still in the game and has made an impressive comeback to above $0.08. However, it remains to be seen if the coin can sustain its gains, or if Shiba INU will continue to dominate.