SHIB is one of those tokens that has climbed hard because of its high correlation with Bitcoin and Ethereum. Along with the news of the token’s network upgrade being hyped up, SHIB’s rise is a sure win for investors and traders.
However, the token has recently entered a sideways market movement ahead of its Shibarium upgrade. Can Shiba Inu continue its rally or will it experience pain?
SHIB Compared To Other Meme Coins
The token compared to other meme coins can be summarized into two words; second best. According to The Gem Hunters , a crypto research Twitter account, Shiba Inu is second in terms of social score, only behind DOGE by a few percentages. At its current market cap of $6.8 billion, it is behind DOGE by $5 billion.
TOP 10 MEME TOKENS BY SOCIAL SCORE
26.01.2023
1⃣ $DOGE
2⃣ $SHIB
3⃣ $QUACK
4⃣ #BABYDOGE
5⃣ $FLOKI
6⃣ $CATE
7⃣ $RABBIT
8⃣ $TSUKA
9⃣ $KIBA
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