Crypto Voice News | Kusama SHIB Says She's Still the DOGE Killer

Kusama Says SHIB Is Still the DOGE Killer
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Shiba Inu Rushes to Overtake Dogecoin as Kusama Says SHIB Is Still the DOGE Killer,
The latest Shiba Inu run has reignited speculation that the young memecoin will eventually topple Dogecoin, with the project's lead developer adding fuel to the fire.

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Meme-based cryptocurrencies have become market leaders following the rising crypto trend. The most popular memecoins, including Dogecoin and Shiba Inu, have posted triple-digit gains in less than a month as crypto investors become risk averse.
Amidst this leap, long-term debates have re-emerged among various memecoin communities vying for supremacy. The struggle to reach the top is heating up, especially between the largest memecoins, Dogecoin and Shiba Inu.
In a recent post about X, Shiba Inu's pseudonymous lead developer Shytoshi Kusama noted that nothing has changed on the project since its inception. Instead, Shiba Inu will “stay Dogecoin” and remain committed to that path.
Shiba Inu and Dogecoin Rivalry Is Reigniting,
Launched in 2014, Dogecoin is the oldest meme-based cryptocurrency. The coin was created as a joke to make fun of the increasing speculation surrounding the cryptocurrency market at the time.
Since then, Dogecoin has maintained its position in the market even in recent years when investors' appetite for meme-based coins and related culture has increased significantly. Still, Dogecoin's dominance has not been without its challenges, especially since the emergence of the Shiba Inu in 2020.
Following its launch, the Shiba Inu quickly became an investor favorite and garnered a large portion of the memecoin market share. At its peak in 2021, the cryptocurrency reached a market cap of $43 billion; This represents approximately 50% of Dogecoin's $84 billion peak.
It is worth noting that SHIB reversed DOGE's market cap when it rose to a $43.5 billion valuation in October 2021. At the time, Dogecoin's market cap was $38 billion. However, Shiba Inu collapsed from this high as it corrected the gains of the 2021 run.
Since then, the Shiba Inu has continued to thrive and do even more during the recent crypto market rally. At the time of this writing, the market value of the Shiba Inu had reached $23 billion. Dogecoin is valued at $25 billion.
Should the market cap reverse, Shiba Inu may have achieved his long-stated goal of killing Dogecoin. Meanwhile, competition remains healthy, with both assets ranked 9th and 10th respectively.
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