We will update this as soon as possible. If you like to help, you can contact us. Bitcoin is the dominant cryptocurrency here, but Bitcoin is harder to mine and a lot more expensive, and this is where Dogecoin gains its value. The current market cap of Dogecoin is 13.02B, as 142.4B DOGE is trading at the price of $0.09144. Best Credit Cards for Building Credit Dogecoin and Shiba Inu are two different cryptocurrencies. Aside from both crypto coins having a Shiba Inu dog as a logo, the underlying technologies and distributions are fundamentally different. Dogecoin operates on a proof-of-work (PoW) consensus and is jointly mined with Litecoin, while SHIB is a token on the Ethereum network. In 2021, SHIB briefly overtook DOGE in market capitalization, starting the dog fight among the two cryptocurrencies.
You can also swap or trade bitcoin on Ledger for other cryptocurrencies to diversify your portfolio and generate returns. Ledger has over 200 swapping pairs for Bitcoin, which you can access as follows: It must be noted, however, that following every Bitcoin crash, the market has bounced back stronger than ever. After the historic Bull run of 2017, the market crashed 88%. This caused many people to question if Bitcoin would ever recover. Between the crash and the All-Time High of 2021, the price increased by 2,500%. Speaking of technical analysis, we have the 50-day EMA sitting just below current pricing and just above the $40,000 level. The $40,000 level is an area that’s been supported previously and of course is a large round number. That would attract a lot of attention and from what I see, it is probably short-term support. Breaking below the $40,000 level then opens up the possibility of a move down to the $38,000 level and then eventually the $35,000 level after that.