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Why Did The Shiba Inu Price Rally Over 5% And Left Dogecoin Behind?

  • Shiba Inu (SHIB) rallied over 5% in the last 24 hours, leaving Dogecoin (DOGE) behind, as the largest meme coin by market cap recorded lesser gains.
  • Shiba Inu's whale activity has exploded in the last few days, with large investors actively accumulating the meme coin.
  • The macro side, including the positive US job report and anticipation for the ShibaCon conference in November, contributed to the price rally.
  • Dogecoin could catch up soon, with increasing new addresses and the expectation of smart contract functionality on its network.

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