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Shiba Inu (SHIB) Contested by Baby Doge Coin (BABYDOGE) – Here’s How

Published 12/05/2022, 08:00 AM
Updated 12/05/2022, 09:30 AM
Shiba Inu (SHIB) Contested by Baby Doge Coin (BABYDOGE) – Here’s How

The world of memecoins is usually ruled by Shiba Inu (SHIB) and Dogecoin (DOGE), as many copycat projects fail to take off because of the strong competition. However, SHIB came across an unusual competitor in the #167 ranked memecurrency, Baby Doge Coin (BABYDOGE), with the help of the popular cryptocurrency exchange StealthEX.

The Cayman Islands-based cryptocurrency exchange asked: “Who’s more active – @Shibtoken or @BabyDogeCoin?” Thus, the SHIB Army and BabyDogeArmy have been invited to vote and compete for a giveaway in their favorite memecurrency. As the preliminary results suggest, the competition is tense, with less than a 7% difference between the camps.

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To the shock of many crypto enthusiasts, the BABYDOGE community is leading the race with 53.3% at the time of this publication. As 3,062 crypto enthusiasts had already cast their votes, the SHIB community, popularly known as the SHIB Army, is trailing with just 46.7% of the cake. Interestingly, SHIB’s official Twitter account has twice as many followers as the younger rival project.

SHIB vs. BABYDOGE Price Comparison

Despite the ongoing poll results, the current Crypto Twitter trends suggest a different situation. The hashtags #Shibarium and #ShibaArmy were trending simultaneously on Monday morning.

Meanwhile, the canine memecoin Shiba Inu (SHIB) enjoyed a sharp daily rise in its market price, gaining 5.3% in the last 24 hours. At press time, the Japanese guard dog-themed cryptocurrency trades at $0.00000980, according to CoinGecko.

On the other hand, BABYDOGE is priced at only $0.000000001105, according to CoinGecko, and has dropped by 0.8% in the last 24 hours. However, both memecoins show similar performance in monthly terms, as SHIB is down by 21.6%, while the little puppy coin BABYDOGE dipped in 18.3% of red ink.

On the Flipside

  • Another popular memecoin, Dogecoin (DOGE), was challenged in a similar manner by Big Eyes Coin (BIG).
  • However, the feline token BIG is still in pre-sale after half a year of ‘selling fast.’
  • The BIG market data is listed as ‘untracked’ on CoinMarketCap.

Why You Should Care

The popularity of memecoins helps with retail crypto adoption.

Find out what’s happening with the most popular memecoins:

Dogecoin (DOGE) Drops Below Support as Ye Gets Banned from Twitter Again

Shiba Inu (SHIB) Sees Massive Inflow Of Ethereum (ETH) Whales – Here’s Why

See original on DailyCoin

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