DOGE’s Revenge: Surging 18% Flippening Back Shiba Inu as Top 9

Just hours after Shiba Inu surpassed Dogecoin in terms of market capitalization in the top 10 largest coins, the latter has reclaimed its supremacy. DOGE is up by double-digits on a daily scale, while SHIB has retraced from its recent ATH.

• Aside from Bitcoin’s growing adoption, the cryptocurrency community will remember 2021 as the year of the meme coins.
• Propelled by Elon Musk and his never-ending support for Dogecoin, the number of such coins skyrocketed, and so did their popularity.
• Shiba Inu, which actually saw the light of day last year – before all the hype, is perhaps the hottest trend at the moment. The self-described Dogecoin-killer charted near 1,000% gains in the past month and tapped consecutive all-time highs.
• The latest came earlier today at over $0.000086. Keeping in mind the massive total supply, this meant that the meme coin’s total market capitalization neared $50 billion (on CoinGecko).
• As such, it managed to surpass DOGE in terms of this metric and was the 9th largest digital asset by market cap.
• However, the DOGE army has rallied up and retaliated. The asset has surged by nearly 20% on a 24-hour scale and has pumped above $0.3, which is the highest price tag since early September.

DOGE/USD. Source: TradingView

• At the same time, SHIB has retraced by about 15% since its peak and currently sits at $0.000072.
• Consequently, Dogecoin has taken back its spot as the 9th largest crypto on CoinGecko and is just ahead of Shiba Inu as of writing these lines.

Dogecoin Vs. Shiba Inu. Source: CoinGecko