In 2021, at the height of the same Bull Run corner, Shiba Inu exceeded 7,000,000% to surpass more established dogecoin. This performance was achieved while waiting that Shiba Inu was the “Dogecoin killer” and that the same piece would end up turning Doge to become the main part of memes.
However, with the passage of time, Dogecoin and Shiba Inu decreased, their prices falling by more than 80% of their peaks of all time. Above all, Shiba Inu has failed to overthrow Dogecoin, the market capitalization Shib remaining well below that of Doge. But while the market is heading to what should be another bullish market, the question is now, is it still possible for Shiba Inu to exceed Dogecoin as a number 1 meme?
Dogecoin obtains ETF deposits while Shiba Inu is snub
The approvals of products negotiated in exchange (ETF) of the crypto by the Securities and Exchange Commission (SEC) were the main engine behind this bull race. The FNB Bitcoin and Ethereum have already obtained the green light, so attention has moved to other altcoins. XRP, Solana, Litecoin and Dogecoin were the favorites, while the tastes of Shiba Inu were not found, despite a constant thrust of the Shib.
For example, there have been four deposits for Bitwise, Grayscale, Osprey Fund and 21Shares Dogeco The decision for the first of these applications, which is the Grayscale Dogecoin ETF, should occur on May 21, which is only in a month.
Meanwhile, there was no official file for an ETF Shiba Inu, despite the Shib team giving reasons why it should be. Lucie, the Shiba Inu marketing manager, explained in a post X (formerly Twitter) that Shib is a good candidate for an FNB registered on more than 110 scholarships and 212 negotiation pairs. “It’s essentially everywhere: easy to access, easy to exchange,” said Lucie.
DOGE open interests above $ 1.5 billion while the SHIB decreases
Another major metric where Dogecoin continues to surpass Shiba Inu is in terms of interest. While the open interest has declined at all levels, the open interest of Doge remains significantly higher than that of Shib.
Co -quince data shows That the open interest of Dogecoin is still about 1.5 billion dollars, while the open interest of Shiba Inu is still $ 131 million.
This suggests that crypto traders are more interested in DOGE compared to SHIB, and with pieces of memes motivated by interest, this suggests that DOGE would continue to be ahead of SHIB.
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