Why is Shiba Inu outperforming Dogecoin today?
Dogecoin (DOGE) is lagging behind rival cryptocurrency meme Shiba Inu (SHIB) in terms of price increase in the last 24 hours.
SHIB had a daily rise of 3.84% to $ 0.0000075, while DOGE fell 1.47% to $ 0.22. Over the past 24 hours SHIB has risen 3.98% against Bitcoin (BTC) and 6.42% on Ethereum (ETH).
The picture becomes more money when you consider the long-term price movement: in the last seven days SHIB has lost 17.52%, while DOGE has fallen by 11.12%. Over the past 90 days SHIB has gained 5.6% while DOGE has lost 7.69%.
Because it is important
This week Shiba Inu announced on Twitter that the token has gained 100,000 new owners in the past three months. The project tweeted the news regarding a petition urging Robinhood Markets Inc HOOD -2.24% to integrate the currency on its trading platform.
Last week SHIB was listed on the Coinbase Global Inc COIN platform -2.39% while previously it was added on Coinbase Pro.
Although SHIB has beaten DOGE in terms of price movement in the past 24 hours, the latter has garnered more Twitter mentions than the former.
SHIB was in fact mentioned in 902 tweets, while mentions for DOGE amounted to 1,269 tweets, according to Cointrendz data.