Dogecoin (DOGE) Skyrockets 27%: Will Shiba Inu (SHIB) Grow Even Bigger?

Dogecoin Surges to Year's High, Shiba Inu Poised to Follow

Cover image via U.Today

Dogecoin (DOGE), the ubiquitous meme cryptocurrency, has concluded October's third week with a significant 28.5% gain, reaching a price of $0.143. This surge marks DOGE's highest value since June 10th, a gap of over three months.

Driven by this resurgence, Dogecoin has erased its price decline of the past four months, sparking speculation within the crypto community. Optimistic predictions suggest that DOGE may not only reclaim its all-time high but also potentially reach $1 per coin. Source: CoinMarketCap

Shiba Inu: The Contender

While Dogecoin's future is uncertain, all eyes are on Shiba Inu (SHIB) as a potential successor to DOGE's remarkable trajectory.

SHIB, often hailed as "Dogecoin's beta," has mirrored DOGE's price movements to an uncanny degree. While both tokens have exhibited identical patterns in recent weeks, SHIB has lagged behind DOGE with a 7.11% gain over the past week, constituting a quarter of DOGE's surge.

Despite the perceived advantage of Dogecoin's association with the U.S. election, market sentiment strongly suggests that Shiba Inu's price will continue to follow its "elder's" upward ascent.