SHIB Compared to DOGE: Shiba Inu Narrows the Gap with a 20% Explosive Price

After the explosive price performance of the cryptocurrency inspired by the famous meme Shiba Inu (SHIB) today, its price has become much more attractive not only compared to USD but also compared to its main competitor Dogecoin (DOGE). Today, SHIB has finally surpassed the $0.00003 mark, which is an important milestone for cryptocurrencies and shows a 16% increase throughout the day. Interestingly, the Shiba Inu token price surge did not occur across larger cryptocurrency markets and did not even coincide with the meme cryptocurrency segment, but happened independently. Even DOGE, the leading meme coin in recent weeks, is having a quiet Sunday on the price chart.

As a result, the price ratio of SHIB to Dogecoin reached 0.0000733 DOGE, the highest level since the early November of the decade. This fall, the Shiba Inu token has experienced a painful 68.36% drop compared to DOGE, and today's result may revive the competitive story between these two meme coin giants. SHIB's all-time high is still at 0.00029 DOGE, and the last time this token reached this level was in March, when Shiba Inu surged 400% in just a few weeks. Now it's Dogecoin's time to shine, but the recent price increase of SHIB has sparked the idea of catching up. If that's true, market participants will see it in the coming days. But because there's still room for SHIB's growth of over 200% compared to DOGE, this is definitely something to pay attention to. Especially when the market has witnessed the price increase of Shiba Inu token this year.