It’s a virtual combat between SHIBA Inu and Dogebonk that’s landed on prime advertising billboards worldwide.
This week, fresh Dogebonk banner ads surfaced in Australia, Germany, India, and Dubai. Dogebonk (DOBO) has risen 7000% in the past 30 days, while the bulk of other cryptocurrencies have fallen. On Friday, November 5, Bitcoin fell 6% from its all-time high of $68,000 to $59,000.
On Monday, Shiba Inu lost value as investors liquidated holdings over worries of an early bear cycle.
In the recent week, BSC scan data shows a rise in Dogebonk holders and a reduction in Shiba Inu holders.
Investors in Shiba Inu know that future value rises will be limited due to the coin’s market capitalization of $24 billion and ranking 11th among all cryptocurrencies.
Dogebonk, on the other hand, has a market value of $191million.
On Tuesday, a large memecoin holder shifted $632 million worth of the memecoin to a new address, alarming Shiba Inu investors.
This huge quantity of SHIB hasn’t been sold yet, only transferred between addresses, but there’s already a sense of dread about a sudden market dump.
Late-stage Shiba Inu investors consider Dogebonk as a viable alternative to the massive SHIB price surge seen in October.
Its market worth climbed from $3 billion
Dogebonk’s market capitalization has surged from $46 million to $196 million in the first two weeks of November.
“Dogebonk flipping SHIB is no longer simply a plan,” one Reddit user, Vincent Pimpson, said after witnessing SHIB decline 45 percent from its all-time high and competitor Dogebonk profit from the bleeding.
“It’s a reality, and it’s about to happen.”
After-Business-9103, another Shiba Inu owner, accused Dogebonk of “plotting a psyop to flip SHIB.”