The current trend of cryptocurrencies is still downward and does not give its investors a break. Shiba Inu and Dogecoin seem to be fighting for that coveted number one spot that they could take from Bitcoin.
Bitcoin has been one of the cryptocurrencies whose value has remained as stable as possible at times when we believed that everything was over, and despite having drops that have caused many users to raise their hands to their heads, we have recently seen certain comeback, although it seems that it is not enough.
Right now, the cryptocurrency is at a price of $19,741.90. As we can see the trend is still negative. According to the latest movements seen in this indicate that the value will continue to decline over the following weeks.
It is for all this that values such as Shiba Inu and Dogecoin are attracting quite a bit of attention from investors.
On the one hand, Dogecoin, considered by some to be the original memecoin, caused a great uproar in 2021 when its price skyrocketed and recently with the stir generated between Twitter and Elon Musk, the currency has remained intact despite the volatility generated by the multimillionaire in its price.
As for Shiba inu, the data analytics Twitter account also indicates that the 1000 largest Ethereum wallets have started to take an interest in this token once again, and SHIB has entered the list of the top 10 most bought tokens. Currently it is already accepted as a form of payment by some important companies.
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As these tokens rise in popularity and market capitalization, so does its market liquidity and its community of investors. At the end of the day, these two cryptocurrencies have a great personality and impact.
This is something that is also being seen in Google searches, where they report that it is getting less and less with the term “bitcoin”, according to data from Google Trends. The number of queries, however, demonstrates the rise of the smaller currencies that begin to jump on the scene as soon as they exceed considerable figures in their prices.
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