Started as a joke token and who itself a Dogecoin Killer surged while major altcoins are tumbling in the crypto market. SHIB has gathered huge attention and has emerged as one of the favored choices of investors.

9 Dodge Coin

Dogecoin emerged in 2013 as a joke. It was created by Jackson Palmer and Billy Markus to satirize the growth of altcoins by making the doge internet meme into a cryptocurrency. While it was birthed as a joke, it actually led to some practicality as its large supply and low price facilitated efficient micro-tipping content on social media. It is a derivative of Luckycoin which forked from Litecoin and uses a Scrypt algorithm. Dogecoin has 1 minute block intervals making it faster than other blockchains.

The live Dogecoin price today is $0.217987 USD with a 24-hour trading volume of $3,337,421,442 USD. Dogecoin is down 18.12% in the last 24 hours. The current CoinMarketCap ranking is #7, with a live market cap of $28,363,627,130 USD. It has a circulating supply of 130,115,982,363 DOGE coins and the max. supply is not available.

10. Shiba

Shiba  hit its all-time high in May and since then has plummeted and remained on almost the same level. As per Santiment, the reason Shiba Inu performed so well in May was that investors believed it would be the next Doge.

SHIB is 5% down after yesterday’s crash. A few days back Shiba Inu saw a 30% swing when its CoinBase Pro listing was announced.

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CoinBase Pro tweeted on June 16: “We are experiencing technical issues that will temporarily delay the launch of SHIB on Coinbase Pro. “At this time we are disabling deposits of SHIB; withdrawals are still available.

Price rebound soon?

Shiba Inu is surging, on the other hand, Bitcoin is still trying to break through the crucial resistance level. It will be a good sign for other cryptocurrencies Bitcoin manages to settle above this level.

In the past few days, the crypto market has seen some mixed signals. Shiba recently attempted to break through resistance around $0.000010 but was unable to build enough upside momentum and retreated back.

If SHIB breaks the barrier of $0.000010, it can go on to the next resistance level of $0.000012.

Shiba’s peak already gone?

Shib reached new heights in May and since then it’s tumbling. A Crypto analytics expert said that the reason Shiba Inu did so well in May was because investors thought it would be the next Doge.

However, it is being said that the hype around SHIB has died down, which is the reason the coin hasn’t seen a steep rise in value recently.

How to Buy Shiba Inu

If you are looking to buy Dogecoin or Shiba Inu coin, you can use these apps:

WazirX

Download the WazirX app and sign up for the account. Before you start investing in Dogecoin, you need to do eKYC and enable the 2 Factor authentication. You also need to add your bank details to add and withdraw money.

Once you have added your bank account and perform KYC, you can check the available list of coins for trading. Tap on the Buy button in front of Dogecoin and then enter the amount you want to invest in the Dogecoin. You can make payments directly through bank deposit, credit card, debit Carr or UPI.