Top dogs: Newbie Shiba Inu bites back, gains 25% vs. Dogecoin in February

Top dogs: Newbie Shiba Inu bites back, gains 25% vs. Dogecoin in February

Metaverse craze, token burning events, and increasing merchant adoption have made Shiba Inu outperform Dogecoin so far this month. Shiba Inu (SHIB) is now the 13th-largest cryptocurrency with its market valuation sitting near $18 billion, right behind its rival meme-cryptocurrency Dogecoin (DOGE), worth roughly $20 billion.But despite falling behind in ranks, SHIB's price has outperformed DOGE in 2022. February has seen a sharp recovery for the SHIB/DOGE pair, in particular, rising by over 38% month-to-date (MTD). As a result, Shiba Inu gained more than 50% MTD against the dollar versus....


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