After the Crypto Crash, Shiba Inu Is Recovering More Rapidly Than Dogecoin

　　Both coins plummeted heavily on Monday, along with the rest of the market, but SHIB is yielding higher returns than its meme opponent.

　　After yesterday's dramatic fall, in which several of the major cryptocurrencies lost 10% or more of their value, the cryptocurrency market is showing signs of life today. Overall, the market is up a couple percentage points today, and when it comes to meme coins and tokens, Shiba Inu is outperforming its main competitor, Dogecoin.

　　Shiba Inu (SHIB) is up about 5% in the last 24 hours, according to CoinMarketCap statistics, and is currently trading at $0.00001615. Dogecoin (DOGE), on the other hand, is currently trading at $0.109833, up less than 1%.

　　What is causing SHIB's faster value recapture？ There's no obvious hint this time—no tweet or announcement from the makers or a key influencer, and no sudden pops on the 24-hour chart.

　　Shiba Inu may have merely fallen harder yesterday as a result of the broader market turmoil, and then rebounded a little harder as a result. Meme coins and tokens are notoriously volatile, with value swinging rapidly in either direction, even when it's only fractions of a penny.

　　Nonetheless, Shiba Inu has survived recent losses. It has dropped by around 21% in the last week and 33% in the last 30 days. In comparison, DOGE has lost almost 16% of its value in the previous week and 23% in the last month.

　　Finally, both coins have lost a significant amount of value since their respective peaks in 2021. Shiba Inu has lost 81 percent of its value from its all-time high in October, while Dogecoin has lost 85 percent since peaking in May 2021 before of the larger market crisis.

　　In comparison, the leading cryptocurrencies, Bitcoin and Ethereum, are down 55% and 52%, respectively, from their all-time highs, both established in November.

　　Shiba Inu fell to a seven-month low yesterday amid the wider crypto market turmoil, while Dogecoin has fallen to its lowest level in more than a year—since April 2021.

　　As a reminder, WikiBit is ready to assist you in researching project credentials and reputations in order to safeguard you from hidden dangers in this perilous industry!

　　iOS: t.ly/UUCj

　　Android: t.ly/cfYt