The developers of Shiba Inu (SHIB) have announced that they are preparing a "secret plan" to help displace Dogecoin (DOGE) by taking its spot in the ranking of the largest cryptocurrencies.
The SHIB team hinted on its official X page that the meme coin is about to overtake DOGE in terms of market capitalization. "Number 2 today, but Doge's days are numbered."
Cryptocurrency platform Crypto.com wrote that SHIB is the second most important meme project, recalling that the token appeared in 2020. In response, the developers of Shiba Inu announced a "secret wags" to help SHIB become the top meme token.
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The statements show their determination to dethrone Dogecoin and become the leading meme-inspired cryptocurrency.
Although Dogecoin and Shiba Inu have now fallen in the overall cryptocurrency rankings and are seeing a drop in price, interest in them is not waning. Many investors believe in the growth prospects of meme tokens.
At the time of writing, the value of SHIB was $0.0000255, a drop of more than 20% for the week. Similarly, DOGE was trading at $0.134, a drop of 21.2% in 7 days.
Previously, both meme coins were in the top 10 of the ranking. At the beginning of March, SHIB was only $4 billion behind DOGE in terms of capitalization.
However, the bullish sentiment of the crypto market has also affected meme tokens, so they have yet to reach high positions in the ranking. The developers of Shiba Inu emphasized their ambitions and announced the strong support of the community. The launch of the Shibarium blockchain, which brings together various utilities for crypto project developers, also proved to be an important strategic move.
They also boasted of having some "secret jokes" that will be used to surpass DOGE in market capitalization. The team urged the community to wait for more exciting developments, although they have not yet revealed any details of their plan.
DOGE is now ranked 11th, while SHIB has dropped to 12th. The downgrade can be attributed to the recent crash in the cryptocurrency market, which also affected Dogecoin and Shiba Inu.
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