Shiba Inu vs Dogecoin: Which memecoin will survive the cryptocurrency crash?

The whole landscape of crypto-currencies started to suffer what everyone feared at the start of this craze, including Dogecoin and Shiba Inu. Better known as “meme cryptocurrencies”, they are among those that have risen the most in the past two years, but they are also suffering massive losses with this crash. In the past 24 hours, the massive cryptocurrency selloff has caused the DOGE cryptocurrency to drop 13%, one of the most terrible days in financial assets.

Are all cryptos affected by this crash?

Indeed, just about every cryptocurrency in the market is affected by this crash, many of them experiencing falls of up to 30%. Even the biggest crypto on the market, bitcoin, has lost more than 20% in value in the past week. This situation affects absolutely everyone who has invested money in any type of crypto, which is why many people are selling their assets at an alarming rate. On the same subject : Metavers: Boss Beauties (BB) showcases NFT models on Spatial on Women’s Day. Nobody knows when this fall will stop or if it will ever stop.

And the Shiba Inu?

Shiba Inu is experiencing one of the most alarming drops in the entire cryptocurrency market, as it fell for most of the first quarter of the year. A massive 70% drop in the first three months of 2022 leaves it badly damaged and likely on the brink of extinction. See also: Dogecoin Price Predictions: Where Will The DOGE Crypto Go After Elon Musk’s Twitter Takeover?. This is a terrible scenario for the less powerful of the two “meme cryptocurrencies” which obviously leaves Dogecoin as the less affected of the two.

Considering the powerful people behind Dogecoin, this is probably the main reason why its downfall has not been as alarming as other cryptos in the market. Although last summer’s value of 73 cents per coin was an all-time high for DOGE, it currently sits at a meager 10 cents per coin. If this continues, these two fun crypts will keep falling and no room will be safe from absolute mayhem. This is the fifth consecutive week of declines for all crypto in the market. When will this stop?

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Thomas Estimbre
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