{"id":6315,"date":"2021-07-17T17:17:21","date_gmt":"2021-07-17T16:17:21","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=6315"},"modified":"2021-07-17T17:23:31","modified_gmt":"2021-07-17T16:23:31","slug":"shiba-inu-surpassed-doge-in-the-second-quarter","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/shiba-inu-surpassed-doge-in-the-second-quarter\/","title":{"rendered":"Shiba Inu surpasses DOGE in the second quarter"},"content":{"rendered":"\n
Despite the cryptocurrency market is in a bullish trend for some weeks now, Shiba Inu has outperformed Dogecoin <\/a>in the second quarter of this year according to reports published.<\/h5>\n\n\n\n
\"Shiba<\/figure>\n\n\n\n

Shiba Inu (SHIB), a meme-coin inspired by Dogecoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, had a strong second quarter of 2021. Shiba Inu (SHIB) surpassed DOGE in the second quarter, according to CoinGecko's Q2 Quarterly Report, with gains of 11,566,501%.<\/p>\n\n\n\n

With the following statement and accompanying graphic, the team at CoinGecko published their study on Shiba Inu (SHIB) vs. DOGE.<\/p>\n\n\n\n

Despite not being in the top-5 cryptocurrency, SHIB outperformed DOGE as it ended the quarter with an 11,566,501% return.<\/p>\n\n\n\n

At peak, if you were to buy Shiba Inu<\/a> (SHIB) at $1 at the start of the year, you would have gotten $456,929!<\/p>\n\n\n\n

\"\"
Source: CoinGecko<\/figcaption><\/figure><\/div>\n\n\n\n

The researchers at CoinGecko went on to say that on May 10th, the value of Shiba Inu (SHIB) reached an all-time high of $0.00003791. <\/p>\n\n\n\n

Vitalik Buterin<\/a> gave approximately 50 trillion SHIB to the India COVID Relief Fund two days later, on May 12th.<\/p>\n\n\n\n

This quantity of SHIB was worth around $1 billion, and Vitalik chose to destroy 90% of his remaining SHIB holdings.<\/p>\n\n\n\n

Two months later, Vitalik Buterin's chain of events culminated in Shiba Inu correcting by around 82% to its current value of $0.0000068.<\/p>\n\n\n\n

In terms of technical analysis, Shiba Inu (SHIB) hasn't altered much in the crypto markets<\/a>.<\/p>\n\n\n\n

The 6-hour SHIB\/USDT chart shows that the digital asset is in bear territory, as it continues to trade below the 50, 100, and 200 moving averages, as shown in the chart below.<\/p>\n\n\n\n

\"\"
Source: TradingView<\/figcaption><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"

Despite the cryptocurrency market is in a bullish trend for some weeks now, Shiba Inu has outperformed Dogecoin in the second quarter of this year according to reports published. Shiba Inu (SHIB), a meme-coin inspired by Dogecoin , had a strong second quarter of 2021. Shiba Inu (SHIB) surpassed DOGE in the second quarter, according […]<\/p>\n","protected":false},"author":12,"featured_media":6318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[132,151,645],"class_list":["post-6315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-crypto","tag-doge","tag-shiba-inu"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/Shiba-Inu-surpassed-DOGE-in-the-second-quarter.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=6315"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/6318"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=6315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=6315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=6315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}