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Dogecoin jumps 44% in one day as traders rotate Shiba Inu profits into DOGE
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Dogecoin (DOGE) soared on Oct. 28 amid massive capital rotations out of its top meme coin rival Shiba Inu's (SHIB) market.
Notably, the DOGE price rallied by a little over 44% to reach its intraday high of $0.3449. Its gains appeared in contrast to SHIB's losses in the same period. On the other hand, the so-called Dogecoin Killer dropped almost 28% to log an intraday low at around $0.00005700—in the same hour DOGE printed its daily top.
The sudden price rally also pushed Dogecoin's market cap over
Read more on cointelegraph.comAbout this in other media
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