Forbes: Shiba Inu Included in Forbes’ Top 10 Cryptocurrencies for March Investment
Forbes has recently released its list of the top 10 cryptocurrencies to invest in for March 2024, and both Shiba Inu (SHIB) and Dogecoin (DOGE) have made the cut. While SHIB has the potential to reach a new all-time high (ATH) in March, DOGE has some concerns despite its inclusion in Forbes’ list. So, let’s dive into the SHIB vs. DOGE debate.
Forbes has turned its attention to Shiba Inu after its impressive 280% growth in the past month, outperforming not only Bitcoin and Ethereum but also the US stock market. Among Forbes’ top 10 cryptocurrencies to invest in for March 2024, SHIB holds its place alongside industry giants like BTC, ETH, Tether, Solana, and XRP. Although it ranks last on the list, SHIB’s inclusion is a significant milestone at this stage.
Shiba Inu’s journey from a joke to a significant player in the crypto world has caught the attention of Forbes, with its market cap reaching $24.4 billion and its price surpassing $0.00004 as of March 5, 2024. This recent recognition by Forbes comes after SHIB’s impressive rally, which saw a 378.11% surge in just eight days, attracting investors looking for gains. Despite a slight 1.06% dip in the last 24 hours, Shiba Inu remains a notable presence in the crypto market. However, with SHIB retracing from its peak to $0.00003222, indicating a broader bearish trend, there is evident fear in the market.
Moving on to the SHIB vs. DOGE face-off, Forbes also acknowledged Dogecoin as another meme-inspired cryptocurrency worth investing in March. While Dogecoin has gained credibility over time, Forbes raised concerns about its unlimited supply, which could potentially impact its long-term value.
Let’s delve into the Dogecoin situation. As of now, Dogecoin is priced at $0.180490, with a high trading volume of $5.85 billion in the past day. Its market cap stands at $25.88 billion, representing a market dominance of 1.00%. With the recent news circulating, the price of DOGE has surged by 8.00% in the last 24 hours. Overall, Dogecoin is experiencing decent trading activity and price movement, reflecting a high level of interest and volatility in the market.
Apart from SHIB and DOGE, Forbes also highlighted other cryptocurrencies as worthy investments in the current bull market, including BTC, ETH, XRP, BNB, Solana (SOL), and Cardano (ADA). Stablecoins like USDT and USDC were also praised as suitable options for investors seeking stability amid market volatility.
The fate of SHIB and DOGE will be determined by the Bitcoin halving event. If the price of SHIB continues to rise, it could potentially move up Forbes’ list. This would be beneficial not only for Bitcoin, SHIB, and XRP, but also for the entire crypto industry in the months to come.
Tags: Altcoins, Price Analysis