The big coin flip is finally here, with Shiba Inu overtaking Dogecoin for the first time
Meme cryptocurrency Shiba Inu is now officially the biggest canine coin after surpassing Dogecoin.
According to data from CoinGecko, SHIB’s current market cap is $ 31.8 billion, which is $ 636 million higher than that of DOGE.
Dogecoin, the meme cryptocurrency supported by Elon Musk, has now been pushed out of the top 10.
The billionaire is widely believed to be responsible for the surge in Dogecoin in early 2021, but his recent tweets about the coin have failed to make any effect.
Shiba Inu reached a new all-time high for the first time since May on Sunday. but he quickly lost some gains after Musk tweeted he didn’t own any SHIB tokens, putting months of speculation to bed.
The snub, however, has failed to stop Shiba Inu’s blistering rally, a sign of Musk’s dwindling influence over the cryptocurrency market.
SHIB is up 420% this month, crushing other altcoins.
