Over the past few months, Shiba Inu (SHIB) has been voted the best of the two top meme cryptocurrencies competing with Dogecoin (DOGE).
Doge as its challenger with a larger market value has failed to rise higher despite strong support from billionaire Elon Musk.
Due to this lackluster performance of DOGE, SHIB has changed position to 11th place on the cryptocurrency chart.
Although SHIB's current market cap is $6.73 billion, the token could take a closing edge on DOGE by the same metric as only $1.32 billion separates SHIB from reaching DOGE's market cap of $8.05.
In 2021, both cryptocurrencies recorded sharp declines in price, but SHIB managed to gain over 100% while DOGE lost 75% of its value.
In addition, SHIB has controlled another aspect which is maintaining its good position with Ethereum whales (ETH), even SHIB tokens reached 576 billion from staking pools.
Of this amount, 499.99 billion SHIB is staking on unpopular pools, while $928,000 is on the Uniswap exchange.
In reality, a price change will occur if SHIB maintains its current momentum and DOGE maintains its slow mode, but this can only be implemented according to short-term market limits.
For context, SHIB is currently trading at $0.00001300, while DOGE is $0.063, with the expectation that SHIB may surpass DOGE in the near future.
