The top dog memecoins Dogecoin (DOGE) & Shiba Inu (SHIB) are at the center of attention on Crypto Twitter this Friday. Both canine coins are trending on Crypto Twitter with hashtags #DOGE, #SHIB, along with #SBF_FTX, as the disgraced founder of Alameda Research & FTX, Sam Bankman-Fried, was just released on $250 million bail. Moreover, the buzz around Dogecoin (DOGE) is built by Bitstamp, as the top European crypto exchange welcomed DOGE with zero trading fees for a month.
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Why #Dogecoin is pumping? $DOGE is now trading over $0.07 and enjoys a market cap of $10.3 billion, making it the market's eighth-largest cryptocurrencyToday's bullish move comes just a day after #Bitstamp listed Dogecoin. pic.twitter.com/VLeVt39HiP— Satoshi Club (@esatoshiclub) December 23, 2022
DOGE Records A Green Day
For Dogecoin (DOGE), the social mentions reflected on its increased market price. At press time, the OG memecoin Dogecoin (DOGE) trades at $0.077781, according to CoinGecko. The canine crypto managed to shake off the snow of this frosty crypto winter and recorded a 3.9% increase in the last 24 hours. However, Elon Musk’s beloved DOGE is still 7.7% in the red since last week and some crypto analysts believe that troubles might not be over yet.
This is due to the fact that the top dog coin Dogecoin (DOGE) had been following a descending trend in monthly terms and the market capitalization shrunk by half since the early November hype, when Twitter was acquired by Elon ‘The Dogefather’ Musk. However, the Japanese guard dog-themed memecurrency surpassed Coinbase (NASDAQ:COIN) by total market capitalization thus strengthening the TOP 10 presence.
The Wait Continues For SHIB
On the other hand, rival dog-themed memecoin Shiba Inu (SHIB) also gathered a fair amount of social mentions on Crypto Twitter. Despite sliding by two positions in the crypto charts, the super popular canine coin Shiba Inu (SHIB) is the top held asset by TOP 1000 largest Ethereum (ETH) whales.
$SHIB in the top holding 1000 #ETH whales. #SHIBARMY pic.twitter.com/cY75UZ6J4B— Shib Spain (@ShibSpain) December 22, 2022
Shytoshi Kusama: “Shibarium Is Near”
Meanwhile, the wide and active Shiba Inu (SHIB) community keeps looking for Shibarium clues. Indeed, Shytoshi Kusama said on Discord that “Shibarium is near” and the beta phase is ready for launch. Of course, it’s natural that the mysterious leader of Shiba Inu (SHIB) developer team, Shytoshi Kusama, was asked the question “Wen Shibarium” repeatedly and some members of the SHIB Army expressed their discontentment.
The last incident was the misleading countdown, for which the cryptic lead coder of Shiba Inu Ecosystem later apologized. Firing back at the impatient ones on a regular basis, Mr. Kusama changed his profile bio once again. ‘Alone’ – his description reveals, while the location is the Hanukkah candle emoji.
Possibly taking a break from the fuss, Shytoshi Kusama’s spiritual holiday comes with support from the friendly Shiba Inu (SHIB) community. “Sir you’re not alone, entire #SHIBARMY is with you”, – replied a number of crypto enthusiasts, while popular crypto influencer SHIB Dream added:
"Needs to be said. ShytoshiKusama, you are not alone. You have so many in the $SHIB Family that are inspired by you.”
Needs to be said. @ShytoshiKusama you are not alone. You have so many in the $SHIB Family that are inspired by you. It's true, many of us don't know you personally but you showed your in the Semicolon Tattoo Blog. So many were able to relate, and to us, you are family. pic.twitter.com/cEyYJizz2E— Shib Dream * Shiba Inu News * Shib Army Social (@theshibdream) December 23, 2022
On the Flipside
- The Shiba Inu (SHIB) burn rate is in monthly lows.
- For instance, only slightly over $3M SHIB tokens were set aflame in the last 24 hours.
- The lack of motivation for SHIB holders to burn the canine token mostly stems from the delays in upgrades.
- However, some crypto enthusiasts argue that the canine crypto should be blazed in billions in order to have an effect on SHIB market price.
Why You Should Care
Memecoins often lead altcoin rallies during bearish crypto market conditions.
Read the latest memecoin news:
Shiba Inu (SHIB) Community Presents 12 Days of Christmas Short Stories
Dogecoin (DOGE) Inks 1.2% in Green as Twitter Adds Crypto Cashtags with Data