{"id":525645,"date":"2023-04-05T11:50:40","date_gmt":"2023-04-05T11:50:40","guid":{"rendered":"https:\/\/wncen.com\/?p=525645"},"modified":"2023-04-05T11:41:52","modified_gmt":"2023-04-05T11:41:52","slug":"shiba-inu-trails-dogecoin-with-9-rally-will-shib-see-further-gains","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-trails-dogecoin-with-9-rally-will-shib-see-further-gains\/","title":{"rendered":"Shiba Inu Trails Dogecoin With 9% Rally – Will SHIB See Further Gains?"},"content":{"rendered":"

Shiba Inu is doing really well in the world of meme cryptocurrencies. In the last week, its value has gone up a lot more than other cryptocurrencies.<\/p>\n

Coingecko data<\/span><\/a> shows SHIB’s value has soared to $0.00001136, increasing 8.5% in the last seven days, though it did poorly in the last 24 hours. The meme coin is up 3.2% in the last two weeks.<\/span><\/p>\n

\"\"<\/p>\n

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Source: Coingecko<\/pre>\n
However, despite its impressive performance, SHIB’s gains fall short compared to its meme competitors. Dogecoin, for instance, made leaps and bounds, skyrocketing over 30% during the same period.<\/span><\/p>\n
The question on everyone’s minds now is, will SHIB continue its relentless climb, keeping pace with the mighty DOGE?<\/span><\/p>\n
\"\"<\/p>\n
Source: Coingecko<\/pre>\n
Shiba Inu Price Pulled Up As Dogecoin Rallies<\/strong><\/h2>\n
The catalyst for SHIB\u2019s incredible surge came when Elon Musk, the self-proclaimed “Dogefather”, wielded his Twitter influence and replaced the social media platform’s iconic blue bird logo with SHIB’s legendary Shiba Inu symbol. From that moment on, SHIB’s price saw a steady climb.\u00a0<\/span><\/p>\n
Despite not holding any SHIB himself, <\/span>Musk’s influence<\/span><\/a> has been known to affect the price of both DOGE and SHIB.\u00a0<\/span><\/p>\n
Over the years, these two meme cryptocurrencies have exhibited a history of responding to each other’s movements, with one coin’s price increase often leading to a surge in the other’s value. As such, any action taken by Musk in relation to DOGE has the potential to indirectly affect SHIB’s performance, and vice versa.<\/span><\/p>\n
Where Will Shiba Inu Go From Here?<\/strong><\/h2>\n
Based on <\/span>data from TradingView<\/span>, SHIB has shown positive price movement in the short term, with a gain of 1.60% in just one day and a strong upward trend of 9.09% in the past week. However, in the medium-term perspective, SHIB’s growth has been more modest, with a gain of 2.70% over the last month and 1.97% over the past six months.<\/span><\/p>\n
On the bright side, the year-to-date performance of SHIB has been impressive, with a gain of 41.44%, indicating that the overall trend for SHIB is upward. However, it is important to note that SHIB has experienced significant volatility, as seen in its drastic one-year loss of 56.90%.<\/span><\/p>\n
Related Reading: These Top 5 Meme Coins Are Bleeding As March 2023 Ends \u2013 Here\u2019s Why<\/a><\/div>\n
<\/p>\n
SHIB total market cap currently at $6.5 billion on the daily chart at TradingView.com<\/a><\/pre>\n
Related Reading: Chiliz Heats Up With 10% Rally \u2013 Will CHZ Push Higher This Week?<\/a><\/div>\n
Despite its volatility, SHIB has shown a positive price trend over the last five years, with a gain of 14%. It is also worth mentioning that SHIB is a relatively new cryptocurrency, having only been launched in 2020, and so it’s still too early to determine its long-term potential.<\/span><\/p>\n
Overall, the short-term and year-to-date performance of SHIB has been positive, suggesting a strong bullish trend. However, it’s important to keep in mind that SHIB’s volatility and overall market trends could influence its future price movements.<\/span><\/p>\n
-Featured image from Jason Edwards\/Getty Images<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu is doing really well in the world of meme cryptocurrencies. In the last week, its value has gone up a lot more than other cryptocurrencies. Coingecko data shows SHIB’s value has soared to $0.00001136, increasing 8.5% in the last seven days, though it did poorly in the last 24 hours. The meme coin is up 3.2% in the last two weeks. Source: Coingecko However, despite its impressive performance, SHIB’s gains fall short compared to its meme competitors. Dogecoin, for instance, made leaps and bounds, skyrocketing over 30% during the same period. The question on everyone’s minds now is, will SHIB continue its relentless climb, keeping pace with the mighty DOGE? Source: Coingecko Shiba Inu Price Pulled Up As Dogecoin Rallies The catalyst for SHIB\u2019s incredible surge came when Elon Musk, the self-proclaimed “Dogefather”, wielded his Twitter influence and replaced the social media platform’s iconic blue bird logo with SHIB’s legendary Shiba Inu symbol. From that moment on, SHIB’s price saw a steady climb.\u00a0 Despite not holding any SHIB himself, Musk’s influence has been known to affect the price of both DOGE and SHIB.\u00a0 Over the years, these two meme cryptocurrencies have exhibited a history of responding to each other’s movements, with one coin’s price increase often leading to a surge in the other’s value. As such, any action taken by Musk in relation to DOGE has the potential to indirectly affect SHIB’s performance, and vice versa. Where Will Shiba Inu Go From Here? Based on data from TradingView, SHIB has shown positive price movement in the short term, with a gain of 1.60% in just one day and a strong upward trend of 9.09% in the past week. However, in the medium-term perspective, SHIB’s growth has been more modest, with a gain of 2.70% over the last month and 1.97% over the past six months. On the bright side, the year-to-date performance of SHIB has been impressive, with a gain of 41.44%, indicating that the overall trend for SHIB is upward. However, it is important to note that SHIB has experienced significant volatility, as seen in its drastic one-year loss of 56.90%. Related Reading: These Top 5 Meme Coins Are Bleeding As March 2023 Ends \u2013 Here\u2019s Why SHIB total market cap currently at $6.5 billion on the daily chart at TradingView.com Related Reading: Chiliz Heats Up With 10% Rally \u2013 Will CHZ Push Higher This Week? Despite its volatility, SHIB has shown a positive price trend over the last five years, with a gain of 14%. It is also worth mentioning that SHIB is a relatively new cryptocurrency, having only been launched in 2020, and so it’s still too early to determine its long-term potential. Overall, the short-term and year-to-date performance of SHIB has been positive, suggesting a strong bullish trend. However, it’s important to keep in mind that SHIB’s volatility and overall market trends could influence its future price movements. -Featured image from Jason Edwards\/Getty Images<\/p>\n","protected":false},"author":557,"featured_media":525710,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[7,8375,4735,84473,83667],"class_list":["post-525645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dogecoin","tag-elon-musk","tag-price-action","tag-shib-price","tag-shiba-inu"],"acf":[],"yoast_head":"\nShiba Inu Trails DOGE With 7% Rally - Will SHIB See More Gains?<\/title>\n<meta name=\"description\" content=\"Shiba Inu is doing really well in the world of meme cryptocurrencies. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Trails Dogecoin With 9% Rally – Will SHIB See Further Gains?","url":"http:\/\/wncen.com\/news\/shiba-inu-trails-dogecoin-with-9-rally-will-shib-see-further-gains\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-trails-dogecoin-with-9-rally-will-shib-see-further-gains\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-13.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-13.png?fit=827%2C464"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["dogecoin","elon musk","price action","shib price","shiba inu"],"dateCreated":"2023-04-05T11:50:40Z","datePublished":"2023-04-05T11:50:40Z","dateModified":"2023-04-05T11:50:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Trails Dogecoin With 9% Rally – Will SHIB See Further Gains?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-trails-dogecoin-with-9-rally-will-shib-see-further-gains\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-trails-dogecoin-with-9-rally-will-shib-see-further-gains\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-13.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-13.png?fit=827%2C464\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"dogecoin\",\"elon musk\",\"price action\",\"shib price\",\"shiba inu\"],\"dateCreated\":\"2023-04-05T11:50:40Z\",\"datePublished\":\"2023-04-05T11:50:40Z\",\"dateModified\":\"2023-04-05T11:50:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-13.png?fit=827%2C464","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/525645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=525645"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/525645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/525710"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=525645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=525645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=525645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}