After the dramatic rise of memecoins last year, the DOGE Vs SHIB clash will be interesting to see in next bull run. What began as a crypto collapse still continues to plague the crypto market with the bear market situation. Thanks to institutional adoption of the memecoins, it has become easier for their mainstream adoption. Also, a strong support from the memecoin communities is helping DOGE and SHIB withstand tough market situations.
Institutional Adoption Of DOGE
Recently, tech giant Google included Dogecoin (DOGE) among cryptocurrencies its Cloud users will be able to transact in. The search engine giant announced plans to partner with crypto exchange Coinbase for various applications. A deal was struck to allow Google Cloud users to pay for the services with cryptocurrencies. The deal carries high importance considering Google’s massive presence across technologies. Also, the Dogecoin (DOGE) community enjoys the support of key influencers like Tesla CEO Elon Musk.
In this context, DOGE makes the case for a strong bullish trend once the market comes out of the current cycle. Also, when looked at total market cap for DOGE vs SHIB, Dogecoin has the highest market share. While DOGE market cap currently stands at $7.81 billion, SHIB market capitalization stands at $5.55 billion. As of writing, DOGE price stands at $0.05888, down 1.63% in the last 24 hours, according to price tracking platform CoinMarketCap. SHIB price stands at $0.00001013, down 2.04% in the last 24 hours.
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