Shiba Inu Experiences DOGE’s Jumps As Elon’s Favorite Memecoin Sinks

---

A few months ago, I already pondered on this platform whether Shiba Inu had the potential to become the next Dogecoin. DOGE, the famous memecoin which is apparently still Elon Musk’s favorite crypto (notice his 13 September tweet), has had a stellar 2021 but appears to be losing some of its steam in the past few weeks.

Floki has arrived pic.twitter.com/2MiUKb91FT

— Elon Musk (@elonmusk) September 12, 2021

Shiba Inu, a copycat coin born out of the ashes of DOGE’s success, had apparently slipped after its makers decided to give a large portion of the coins to Ethereum’s Vitalik Buterin. Vitalik saw the Delta-variant wave in India and decided to give away a large part of his received Shiba Inu coins to an Indian charity instead, causing the price to collapse.

Coinbase listing

Last Friday, Shiba (still 80% down of its all time high) was seen jumping some 25% at a certain point when Coinbase Global listed the memecoin for trading. Knowing that another trading platform, Robinhood, has seen tremendous success because of the large appetite of youngsters for Dogecoin this year, it might be a sign of things to come for Shiba Inu of course.

Shiba Inu #shib coin skyrocketed after Coinbase added it this week. pic.twitter.com/vU8rwsRKG5

— Marcio Costa (@Ptmarciocosta) September 19, 2021

By now, Shiba Inu sits around the number 50 spot on CoinMarketCap while Dogecoin has somehow slipped from the top 5 spot to number 9.

And the traders, they have apparently already discovered another memecoin around the same theme. Banking on the tremendous success of the Netflix series La Casa De Papel (Money Heist), a new memecoin with a Shiba Inu dog was introduced. Its name La Doge De Papel.

There’s a new doge on the block! I think it’s the coolest doge of them all. Very good potential, really interesting project. It’s now on pre-sale. Buy it on: https://t.co/vFO0ofO3QD #ladogedepapel pic.twitter.com/qFjhKcpPFt

— FABRI CRYPTO (@FabriLemus7) September 18, 2021

Be on the lookout in the next few weeks to see who will come out victorious.