Dogecoin Passes Cardano (ADA): Is Shiba Inu (SHIB) Next?
Dogecoin (DOGE), the cryptocurrency that started as a joke but quickly became a popular digital asset, has just overtaken Cardano (ADA), securing its position as the eighth largest crypto asset by market capitalization. Bittime reports Dogecoin's impressive leap, solidifying its dominance amongst meme-coins.
Based on the latest data, DOGE's resurgence has sparked considerable interest. The market's favorite meme cryptocurrency, Dogecoin, is giving off signals that could indicate where it is headed next. Recently, the asset has shown a descending… but what does this mean for other meme-coins?
Dogecoin Surpasses Cardano ADA: A Meme-Coin Milestone
Dogecoin's (DOGE) ascent past Cardano (ADA) is a significant moment for the crypto market, particularly for meme-coins. With Dogecoin surpassing Cardano ADA, some investors are hoping that Shiba Inu is the next meme/alt-coin to make such a jump. While SHIB remains far behind DOGE in market cap, the possibility of a similar surge is fueling speculation.
Will Shiba Inu (SHIB) Follow Dogecoin's Lead?
The burning question on many investors' minds is whether Shiba Inu (SHIB) can replicate Dogecoin's success. Both Dogecoin (DOGE) and Shiba Inu (SHIB) have surged in recent weeks, echoing the momentum Cardano (ADA) and Solana (SOL) saw during their historic rallies. Could SHIB be the next meme-coin to experience exponential growth?
Cardano (ADA) and the Future of Meme-Coins
The shift in rankings raises questions about Cardano (ADA) and its long-term prospects. However, the Cardano founder revealed that he has those who remind him when the “Doge comes roaring”, possibly referring to the DOGE community. ADA risks being overtaken by not… only DOGE, but potentially other altcoins.
Investing in Meme-Coins: Proceed with Caution
While the potential for high returns exists, investing in meme-coins like Dogecoin (DOGE) and Shiba Inu (SHIB) carries significant risk. Remember to conduct thorough research and understand the volatile nature of these assets before investing. This is not financial advice.