Recently, Shiba Inu uploaded a confusing post on the firm’s official Twitter account. The mysterious post contains just the term “dog.” This tweet has initiated a huge debate among the followers, who have been trying to decode the several implications the post can have. A Twitter user answered the post with a text: “doge”, for which the reply of the Shiba Inu team was: “killer.”
While the followers continue to decipher the post with various different meanings, it is quite noteworthy to remember that Shiba Inu, a dog-themed token, was released as an opposition meme coin to Dogecoin, or “Doge-Killer.” Recently, several digital asset enthusiasts have also started to believe that a “flippening” is about to take place for dog-roundabout meme coins.
As per certain relevant reports, in the previous month, Shiba Inu left Dogecoin behind when it came to Twitter followers. In October 2021, Shiba Inu secured its position in the top-most 10 crypto exchanges for the first time and compelled Dogecoin to vanquish out from market valuation until DOGE regained momentum and made its position secured once again. Currently, Shiba Inu, the 14th major crypto-asset, has been defeated by Dogecoin, which has gained the position of the 10th major cryptocurrency when it comes to market capitalization.
Although, if we look at the 24-hour trading, Shiba Inu was outshining Dogecoin, as per the coin98 analytical reports. Shiba Inu was at the top with the meme token economy of $277 million and was titled the most invested coin. At the same time, Dogecoin got trade volumes of $244 million.
At present, after the mystic post, there was an upload on Shib’s Metaverse WAGMI temple, which again gave birth to expectations in minds of the Shib’s followers.
Camila is working as a Senior Writer with Coinfea. She has completed her bachelor’s from a reputed college. She loves to write about trading technologies like crypto and blockchain.