• DOGE has surged a massive 13% in the past week while SHIB dropped 2%.
• Shibburn confirms that the SHIB burn rate crashed 100% in 24 hours.
• RSI for DOGE is overbought as the altcoin nears 15 cents.

Dogecoin (DOGE), the largest meme coin with a market cap of $20.5 billion, has surpassed Shiba Inu (SHIB) in performance this past week. DOGE jumped over 13% while SHIB fell 2% during the same period.

Data from Shibburn shows that the SHIB burn rate dropped 100% in the past 24 hours, with no tokens burned. Overall, the Shiba Inu ecosystem has burned 410 trillion SHIB, while the total supply is 999 trillion. This significant drop in the SHIB burn rate may explain the altcoin’s underperformance.

Meanwhile, Dogecoin increased 29.8% in the last 30 days and shows strong potential in the short term with sound fundamentals. In the same timeframe, SHIB increased 23.6% and has surged 139.1% since October 2023, reaching a market cap of $10.5 billion. DOGE is up 106% in the past year.

At the time of writing, Shiba Inu trades at $0.00001787, down 79.79% from its all-time high of $0.00008845, and has fallen 0.5% in the past 24 hours. Dogecoin trades at $0.1395, up 0.26% in …

The post Dogecoin Rallies While Shiba Inu’s Burn Rate Stalls appeared first on Coin Edition.

• DOGE has surged a massive 13% in the past week while SHIB dropped 2%.
• Shibburn confirms that the SHIB burn rate crashed 100% in 24 hours.
• RSI for DOGE is overbought as the altcoin nears 15 cents.

Dogecoin (DOGE), the largest meme coin with a market cap of $20.5 billion, has surpassed Shiba Inu (SHIB) in performance this past week. DOGE jumped over 13% while SHIB fell 2% during the same period.

Data from Shibburn shows that the SHIB burn rate dropped 100% in the past 24 hours, with no tokens burned. Overall, the Shiba Inu ecosystem has burned 410 trillion SHIB, while the total supply is 999 trillion. This significant drop in the SHIB burn rate may explain the altcoin’s underperformance.

Meanwhile, Dogecoin increased 29.8% in the last 30 days and shows strong potential in the short term with sound fundamentals. In the same timeframe, SHIB increased 23.6% and has surged 139.1% since October 2023, reaching a market cap of $10.5 billion. DOGE is up 106% in the past year.

At the time of writing, Shiba Inu trades at $0.00001787, down 79.79% from its all-time high of $0.00008845, and has fallen 0.5% in the past 24 hours. Dogecoin trades at $0.1395, up 0.26% in …

The post Dogecoin Rallies While Shiba Inu’s Burn Rate Stalls appeared first on Coin Edition.