Binance began trading for the SHIB/DOGE pair at precisely 08:00 UTC, according to a notification made yesterday. It will gain in value when the price of SHIB rises in relation to the price of DOGE, as it does with any other cryptocurrency pair.
As for the cryptocurrency market, meme coins are still king. Dogecoin, Shiba inu (SHIB), floki inu (FLOKI), and other cryptocurrencies’ prices are closely monitored by investors. After much deliberation, Binance has chosen to pit the two meme currency market leaders against each other. The SHIB/DOGE trading pair has been introduced to the Changpeng Zhao platform.
SHIB and DOGE are at war
During the 2020 DeFi boom, Shiba Inu (SHIB) was formed. The coin was dubbed the “Dogecoin killer.” on the project’s official website. As a result, a story was spun that pitted Twitter’s two most vibrant crypto groups against each other.
The cryptocurrency’s market valuation was just a fraction of Dogecoin’s shortly after its inception. Few people expected it would one day become a multi-billion dollar enterprise vying for a spot among the top 10 cryptocurrencies in terms of market value at the time.
Nevertheless, we’ve got more proof that anything is possible in the world of cryptocurrency. By the end of November 2021, the Shiba inu’s market value will have grown to over $40 billion. It is also the eighth most prominent cryptocurrency in the world.
The world’s biggest cryptocurrency exchange attempts to make the most of the current circumstances among all the strife and chaos. As a result, people began assaulting each other all over the place. Some favored SHIB, while others favored DOGE.