@myrtisemmerich80
Dogecoin's top rival, Shiba Inu (SHIB), has recently taken a beating, dropping 9.8% in the last 7 days and 15.7% in the last 30 days. The dog-themed meme coin is trading nearly 85% below its all-time high, suggesting long-term underperformance. Meanwhile, new presale meme coin MoonTaurus (MNTR) has gained strong investor interest. The token’s presale, launched less than two weeks ago, is 90% complete in the first phase, raising over $270,000. Analysts have expressed their optimism about the newcomer, predicting a 1300% rally in 2024.
Shiba Inu, often dubbed the “Dogecoin Killer,” gained immense popularity in 2021, riding the wave of meme coin mania. Its low price and high supply made it an attractive option for investors looking for quick gains. However, the last 3 years have been less kind to SHIB. Despite attempts to innovate and grow its ecosystem, including the introduction of Shibarium, a Layer 2 solution, and SHIB: The Metaverse, the coin has struggled to regain its former glory.
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