Shiba

Pepe

Dogecoin

when

Shiba Inu

<p><a href="https://bitcoinist.com/dogecoin-too-much-firepower/">The Dogecoin (DOGE)</a> status as the foremost meme coin has been strengthened by a recent development, which shows that the crypto token still has an edge over other top meme coins like <a href="https://bitcoinist.com/shiba-inu-dogecoin-shib-excitement/">Shiba Inu (SHIB)</a> and <a href="https://bitcoinist.com/similarities-dogecoin-and-pepe/">Pepe (PEPE)</a>.&nbsp;</p> 
<h2 id="dogecoin-has-more-users-than-shiba-inu-and-pepe">Dogecoin Has More Users Than Shiba Inu And PEPE</h2> 
<p>Per <a href="https://x.com/intotheblock/status/1766751056912871815?s=20" rel="nofollow" target="_blank">data</a> from the market intelligence platform IntoTheBlock, Dogecoin has 6.3 million holders compared to SHIB’s 1.3 and PEPE’s 170,000 holders. This insight further establishes DOGE as the most preferred among all <a href="https://bitcoinist.com/solana-meme-coins-myro-wif/">other meme coins</a>. This is also significant as the adoption level of these crypto tokens could influence their prices.&nbsp;</p> 
<p>It is worth mentioning that DOGE’s holders had grown significantly even long before the bullish momentum in the crypto market picked up. Last year, Bitcoinist <a href="https://bitcoinist.com/dogecoin-5-million-doge-holders/">reported</a> that the number of addresses holding DOGE had increased to over 5 million. Furthermore, DOGE’s expansion was a <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-doge-path-to-0-2/#:~:text=The%20Dogecoin%20adoption%20trend%20has,added%20in%20a%20single%20week." rel="nofollow noopener" target="_blank">talking point</a> earlier in the year when more than 890,000 new DOGE wallets were added in a single week.</p> 
<p>The number of persons holding the foremost meme coin is more impressive when considering predictions of a new meme coin possibly toppling DOGE in this cycle. This underscores investors’ <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-millionaire-bullish/" rel="nofollow noopener" target="_blank">unwavering bullishness in DOGE</a> and a belief that the crypto token could make a run similar to the <a href="https://bitcoinist.com/dogecoin-10-largest-meme-coin/">one it did in 2021</a> when it surged by 26,000% to hit an all-time high of $0.7376</p> 
<p>Although a similar run like the one in 2021 looks very ambitious, the meme coin is already repaying investors’ faith in it, boasting a year-to-date (YTD) gain of over 90%. However, Dogecoin still has some catching up to do as <a href="https://bitcoinist.com/big-moves-for-shiba-inu-pepe/">SHIB and PEPE</a> have outperformed it in this regard, with a YTD gain of 212% and 486%, respectively.&nbsp;</p> 
<h2 id="the-two-horse-race-between-doge-and-shib">The Two-Horse Race Between DOGE And SHIB</h2> 
<p><a href="https://bitcoinist.com/shiba-inu-dogecoin-shib-excitement/">DOGE and SHIB</a> will likely retain their crown as the most valuable meme coins by market cap. However, with both tokens currently ranked as the ninth and tenth largest crypto tokens, SHIB could, at some point, flip DOGE to become the most valuable meme coin. Moreover, SHIB has so far <a href="https://bitcoinist.com/shiba-inu-active-addresses-soar-over-170/">outperformed DOGE</a> in 2024, making this more feasible.&nbsp;</p> 
<p>Meanwhile, SHIB is making a run of its own regarding the number of addresses holding the meme coin. NewsBTC recently <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-shib-0-0008-ath/#:~:text=SHIB's%20all%2Dtime%20high%20(ATH,a%20new%20ATH%20very%20possible." rel="nofollow noopener" target="_blank">reported</a> that the meme coin had seen a 20 times increase in March from its February average of daily new addresses. Therefore, the gap between the number of persons holding Dogecoin and those holding SHIB could soon be reduced.&nbsp;</p> 
<p>At the time of writing, DOGE is trading at around $0.17, down over 3% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="nofollow noopener" target="_blank">data</a> from CoinMarketCap.&nbsp;</p> 
<p><img loading="lazy" decoding="async" class="aligncenter" src="https://www.tradingview.com/x/2cxOspOx/" alt="Dogecoin price chart from Tradingview.com" width="3286" height="1530"></p>

Dogecoin Remains Firmly Ahead Of Shiba Inu, PEPE In This Important Metric

Table of Contents

Bitcoinist

Other articles published on Mar 12, 2024

Why Bitcoin investors haven’t given up despite BTC crossing $72K

Solana Smashes Past $150 as Rally Accelerates; $GFOX Soars Over $4 Million

Skyrocketing Presale Sees Huge Cardano (ADA) & Stellar (XLM) Admirers Surge into Raffle Coin (RAF...

OI, Volume, And Development In VeChain Crypto Show Bullish Sketch

Crypto Market Surge Boosts Litecoin Above $100

Binance Futures Announces Listing of These Altcoin Pairs with 50x Leverage!

Join our free newsletter for daily crypto updates!