If there’s one thing the world could use, it’s a little happiness. What’s better than the happy dogs of Dogecoin and Shiba Inu? Both memecoins had an impressive 24 hours with gains of over 8%.
Shiba Inu and Dogecoin are on the rise
It seems that Shiba Inu and Dogecoin belong to the same group. The prices of these two currencies are rising at the same rate.
The first image is of Shiba Inu.
The Shiba Inu price is now €0.00000760. In the last 24 hours, the price has increased by 8.39% and in the last 7 days by 19.12%. The total number of tokens in circulation is 590 billion, which corresponds to a market capitalization of 4.5 billion euros.
Compare this to the Dogecoin chart below.
Today’s Dogecoin price is €0.067333. In the last 24 hours, Dogecoin price has increased by 7.86% and in the last 7 days by 21.92%. This means that Dogecoin is becoming increasingly valuable.
There are a total of 140 billion Dogecoins in circulation. This means that 140 billion Dogecoin can be traded. The total value of all Dogecoins in circulation is €9.5 billion.
What happens to these two cryptocurrencies?
Well, we can tell a super technical story about wires and blockchains here, but it’s still early days. A much better (read: more beautiful) explanation is that this is thanks to Billy Markus, the founder of Dogecoin.
Billy Marcus counted If you drop it, it will return to its upright position.
Markus then speculated that it could be some kind of allegory, perhaps referring to Dogecoin as being inspired by a Shiba Inu dog. Markus’ army of 2.1 million followers on Platform
Of all the possible explanations for the increase, this seems the most logical, right?
Source: BTC Direct
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Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
