Bitcoin and other major cryptocurrencies have continued to outperform meme coins as well as stablecoins. However, the crypto community continues to speculate over whether or not tokens such as Shiba Inu (SHIB) and Dogecoin (DOGE) may disapprove of this thesis and shift the market to meme-themed tokens.
For instance, well-known cryptocurrency researchers such as Altcoin Sherpa, believe that now is the moment for such meme coins to stage a comeback.
According to Coinmarketcap data, Shiba Inu (SHIB) is changing hands at $0.000012, which is an increase of 14.65% over the last 24 hours. Additionally, the market capitalization of SHIB is currently at $6.6 billion while the crypto pair has a trading volume of $761.66.
On the other hand, Dogecoin (DOGE) is trading at $0.085973 with a 24-hour trading volume of $673 million and a market cap of $11.3 billion.