Shiba Inu Lead Drops Next Target for SHIB After Gaining Top Ten Ranking

Shiba Inu ecosystem leader Shytoshi Kusama has released a cryptic tweet declaring SHIB a Dogecoin killer amid Shiba Inu’s move to knock out DOGE.

Data from CoinMarketCap shows Shiba Inu is now the tenth most prominent cryptocurrency, having garnered a valuation of approximately $23 billion. This valuation puts Shiba Inu right behind its biggest rival in the meme token landscape, Dogecoin.

DOGE holds a market cap of $26 billion. Essentially, between Shiba Inu and Dogecoin is just about $3 billion.

This close margin has raised significant hopes among the SHIB Army that Shiba Inu could knock out DOGE soon. The foundation of this optimism stemmed from the fact that just nine days ago, Shiba Inu ranked 18th with a valuation of $5.69 billion.

Meanwhile, DOGE stood at position nine with a market cap of $12.33 billion. Emphatically, SHIB has defeated eight leading rivals by securing an additional $17 billion market share within the last ten days.

Shiba Inu To Be Dogecoin Killer

With a mere $3 billion gap ahead of SHIB to outrank DOGE, Shiba Inu ecosystem leader Shytoshi Kusama took to X to share a mysterious tweet about the development. Kusama remarked:

“Closing in fast… may thy arrows fly swiftly past the cars they put on our way back to their fortifications,” alongside the hashtag “Dogecoinkiller.”

Closing in fast… may thy arrows fly swiftly past the cars they put in our way back to their fortifications!#SHIBARMY #DOGECOINKILLER

— Shytoshi Kusama™ (@ShytoshiKusama) March 5, 2024

He further said that the SHIB army was marching to kill Doge, and XRP and Cardano were also nervous as SHIB prepared to take them down as well.

1.5B from the Doge front lines, the #SHIBARMY marches forward. Ada probably nervous too. Xrp army is gearing up for war.

We are ready. WOOF! pic.twitter.com/1J7aRX6GAe

— Shytoshi Kusama™ (@ShytoshiKusama) March 5, 2024

Reacting to Kusama’s post, members of the SHIB Army see the development as inevitable. “I believe we will dash like lightning to kill the Dogecoin. Keep going, SHIB Army,” remarked an X user.

Another exclaimed: “SHIB is in 10th position on CoinMarketCap rankings. SHIB will surpass DOGE! Quickly!”

$SHIB is in 10th position on Coinmarketcap rankings! $SHIB will surpass $DOGE! Quickly! https://t.co/llRFwSz7fg

— Mr.SHIB (@Trng28876606) March 5, 2024

SHIB vs DOGE

Notably, Shiba Inu’s current position built on its astonishing performances in the last few days that dwarfed Dogecoin’s trajectory.

For example, in the last 24 hours, SHIB has registered a 44% gain, with its price at $0.000038. DOGE has seen only an 8% gain through the same period.

Similarly, while Shiba Inu’s cumulative seven-day performance stands tall at 268% gains, DOGE is about three times below with a 93% growth.

Besides, SHIB has registered a 24-hour trading volume exceeding $13 billion, with Dogecoin’s volume at around $8 billion. Now, how quickly SHIB will surpass its biggest rival in the ranking remains to be seen.

Source