The Shiba Inu meme token can now be found on the Gemini crypto exchange as the token saw a massive price spike in October and usurped Dogecoin as the largest meme by market capitalization.
DOGE’s popular meme token and top competitor Shiba Inu may have lost value from its peak, but the cryptocurrency is still rising, which is why Gemini added SHIB to its platform. The crypto exchange announced today that it has enabled SHIB trading on its platform along with many other coins and tokens and some notable additions like the USDC and stablecoins.
Shiba Inu saw a huge surge in value when Coinbase listed it in September, but currently the ETH-based token has only seen modest gains, up 2% on the past day according to data from CoinGecko at the current price of $ 0.0005400. Dogecoin is the original dog-inspired Meem cryptocurrency and had tremendous appreciation earlier this year, rising from half a cent per coin to a new high of over $ 7.73 but then hitting a price point of $ 2.26 and 65% compared to the maximum price. SHIB is a new challenger for the DOGE coin, but it put up a serious fight as its price rose faster and at its peak the coin rebounded 800% for the month, hitting a new high of 00008616.
Several times a month, Shiba Inu has outperformed DOGE on CoinGecko’s leaderboard in terms of total market share. SHIB, with a market cap of $ 29.7 billion, is now down 37% from its October high, well below DOGE at $ 34.2 billion, with the price of the coin increasing 113% in 30 years is. Other pumped coins as well as DOGE recorded bullish price movements against other competitors such as ELON and SAMO as well as FLOKI and SHIB. The coin meme is volatile and some of the gains were short-lived, but like DOGE before they managed to pump faster and saw some social media driven bulls and cops.