Keep in mind that exchange fees might apply. If that’s not possible, you can sell Dogecoin for a different cryptocurrency (a stablecoin like USDT or USDC is recommended) and use the proceeds to buy Shiba Inu. The most convenient option is to use the DOGE/SHIB trading pair. The easiest way to sell 1 DOGE for SHIB is to convert Dogecoin to Shiba Inu on Binance. Dogecoin is +3.59 in the last 24 hours with a circulating supply of 141.91B. DOGE to USD price is updated in real-time. Encuentra precios que se actualizan en tiempo real con indicadores técnicos que te ayudarán a analizar los cambios en DOGE/USDT. If the pair is not available, you can convert Shiba Inu to a different cryptocurrency (a stablecoin like USDT or USDC is recommended) and use the proceeds to buy Dogecoin. The live price of Dogecoin is 0.081224 per (DOGE / USD) with a current market cap of 11.53B USD. You can do so by using the DOGE/SHIB trading pair.

The easiest way to buy 1 DOGE with SHIB is to convert Dogecoin to Shiba Inu on Binance. To see the latest exchange rate, Dogecoin historical prices, and a comprehensive overview of technical market indicators, head over to the Dogecoin page.

The price is calculated based on rates on 76 exchanges and is continuously updated every few seconds. Newsweek has contacted Ryoshi for comment.The current price of 1 Dogecoin in SHIB is 9,644.44 SHIB. These large holders, also known as 'whales' in the crypto world, can be concerning because it means a large sell-off is possible. In addition, in a statement regarding its SHIB listing, Binance warned that, as of May 10, one wallet held more than 50 percent of all SHIB tokens in existence.īSCScan, which tracks cryptocurrency transfers and holders, does not appear to list this particular 50 percent wallet but shows that one wallet does hold 10 percent of all SHIB tokens. In February they claimed in a Medium post that they did not own any SHIB, though this may have changed. Binance P2P: Master P2P Trading & Get a Share of 2,000 USDT in Rewards ( 07-09) Enjoy an Instant Discount on Fiat Transaction Fees When You Buy or Sell Crypto With AUD ( 06-05) Binance P2P Offers Zero Maker Fees in Australian Dollar (AUD) Market. All that is known is that the founder uses the online identity Ryoshi.

A crypto's founder having an unknown identity is considered a red flag. It should be noted that the identity of SHIB's founder is not currently listed on the token's website.

SHIB gives itself the 'Dogecoin Killer' nickname, and the token's symbol is a cartoon depiction of a Shiba Inu dog-the same breed associated with Dogecoin. SHIB was launched in August 2020 and its website calls it 'an experiment in decentralized spontaneous community building.' The site also depicts SHIB as a direct competitor to Dogecoin-the token initially launched as a joke back in 2013 that has also seen a significant rise in price this year. 'Traders should always be aware that most often, whatever goes up in price extremely fast, it's not sustainable enough to trade at overbought market conditions for a long period of time.'įinancial experts have previously warned Newsweek about the risks associated with cryptocurrency trading, including volatile prices. 'Bonfire or Shiba Inu are also joining on the hype train and, assuming the crypto market does not collapse anytime soon, similar patterns and market bubbles may appear. Zduńczyk said: 'The current state of DeFi market as a part of the entire cryptocurrency market reminds me a lot of a large bubble which is being inflated by over-hyped demand and high returns expectations. Crypto Investors Turn to Ethereum as Alternative to BitcoinĪdrian Zduńczyk, co-founder of blockchain analysis group YellowBlock and CEO of The Birb Nest crypto educational platform, told Newsweek that the current decentralized finance (DeFi) cryptocurrency market has seen an increase in 'over-hyped coins' which could pose a threat to investors if the bubble bursts.ĭeFi markets are financial markets in which there is no central authority operating them-unlike real money, where banks and financial institutions can influence the economy.Robinhood Crashes While Elon Musk Jokes on 'SNL' of Ditching Dogecoin.Dogecoin Tanks Amid Elon Musk 'SNL' Appearance, Prompting Wave of Ridicule.

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