• The cryptocurrency market is experiencing a resurgence, with Memecoins like Dogecoin and Shiba Inu leading the charge.
• While Dogecoin and Cardano are neck-and-neck in terms of market cap, Shiba Inu’s recent surge has some speculating it could become the top Memecoin.

The cryptocurrency market is experiencing a resurgence, with Bitcoin (BTC) reaching new highs and altcoins following suit. This article explores the recent surge in Memecoin popularity, specifically focusing on Dogecoin (DOGE) and Shiba Inu (SHIB).

The Hoskinson Declaration: A Glimpse into the Altcoin Season

In a rare move, Charles Hoskinson, the founder of Cardano (ADA), acknowledged the potential rise of altcoins through a meme. This sparked speculation about Dogecoin potentially surpassing Cardano in market capitalization.

Also Read:Hold or Sell? Saylor’s Message Amidst Bitcoin’s Bullish Run

Currently, Cardano boasts a market cap of $26.8 billion, while Dogecoin sits close behind at $25.5 billion. While Cardano has dipped slightly in the past day, Dogecoin has experienced a 9% increase. If this trend continues, Dogecoin might indeed flip Cardano in the short term.

Interestingly, Hoskinson revealed that he doesn’t actively track asset prices but relies on the community to inform him when “the Doge comes roaring.”

The DOGE-SHIB Battle: A Fight for Memecoin Supremacy

While Bitcoin and Ethereum maintain their dominance, the altcoin market is known for its volatility, with occasional flips in market capitalization. Currently riding the bullish wave is Shiba Inu (SHIB), which has climbed to the 10th position with a market cap of $22.7 billion.

SHIB’s impressive 43.95% surge in the last 24 hours has led some to believe that it might dethrone Dogecoin as the leading memecoin.

However, it’s crucial to remember that the cryptocurrency market is highly unpredictable, and these trends may not hold true in the long run.