How High Will Shiba Inu Surge When Dogecoin's Market Cap
While the entire market recorded an uptick over the past day, Shiba Inu (SHIB) was slowing it down. The second-largest meme coin was lagging while its counterparts were surging. Dogecoin (DOGE) was part of the latter as it managed to rise. Meanwhile, several were drawing parallels and assessing the correlation between the two meme coins. Will SHIB witness a spike if DOGE registers a massive uptick? Also Read: AI Sets Dogecoin (DOGE) Price For January 20, 2025 Shiba Inu & Dogecoin: Are They Related? Source: Watcher Guru Meme coins that entered the market after Dogecoin were all inspired by it. DOGE holds the tag of being the OG meme cryptocurrency. Apart from this, the correlation between the two was notably high. Over the last 60 days, Shiba Inu has had a 0.88 correlation with Dogecoin. In contrast to Dogecoin, the asset has had a weak association with other popular assets like Bitcoin and Ethereum. Source: IntoTheBlock Also Read: FOMC Meeting Could Trigger Bitcoin’s Price Surge by...