The largest and perhaps most popular meme cryptocurrency Dogecoin (DOGE) ended the third week of October with an extremely impressive 28.5% gain and a price of $0.143. This price of DOGE is the highest since June 10, that is, more than a third of a year.
As a result, in just one week, Dogecoin has erased all of the meme cryptocurrency's four-month decline, and discussions in the crypto space now include talk of not only reaching an all-time high soon, but possibly going as high as $1 per DOGE.
What might happen next with Dogecoin is certainly an interesting question, but even more interesting is who will be next after DOGE in repeating such results. Without a doubt, and the number one candidate to watch out for is Shiba Inu (SHIB).
Highlights: Shiba Inu (SHIB) Price
Itâs no secret that SHIB is a beta game of sorts for DOGE, and the movements of the two meme tokens have often been correlated. Indeed, their price movements have been essentially identical, and the past few weeks have been no exception. However, the price of the Shiba Inu token has only increased by 7.11% over the past week, following a similar pattern to DOGE, but with four times less results.
In one sense, Dogecoin has triggers in the form of the US elections, which SHIB does not. However, few would argue that the cryptocurrency market is ultimately driven by what is depicted on the price chart, and on that basis, there is little doubt that the Shiba Inu token will continue to follow its âpredecessorâ up.