The second-biggest dog coin by market cap, Shiba Inu (SHIB), is having its day Saturday, with the Ethereum-based token jumping to an eight-month high price—all while top dog Dogecoin (DOGE) charts more modest gains.

Shiba Inu saw a sharp spike Saturday evening, popping to a price of $0.00002969 before cooling off slightly to a current price of $0.00002897. Even at the subdued price, SHIB is up more than 12% on the day—and the last time it hit Saturday's peak was back on April 1, eight months ago.

It's the biggest gainer by far in the top 50 cryptocurrencies by market cap, according to data from CoinGecko, with Filecoin next behind with a 10% jump on the day.

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SHIB
-0.66%$0.00001187
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Dog-themed meme coins aren't broadly blazing hot on the day, with Bonk (BONK) and Dogwifhat (WIF) only up approximately 1% each over the past 24 hours. But the Ethereum-based Floki (FLOKI) has jumped by nearly 6% today.

Dogecoin, meanwhile, is nearing a one-week high price at a current mark above $0.43, up 3% on the day. Last Saturday, DOGE hit a three-year high price of $0.475; but even at the current price, DOGE has climbed by 164% over the past month.

Dogecoin is the leading meme coin on the market. Image: Shutterstock

Bitcoin Layer-2 GOAT Network Will Let Users Stake Dogecoin to Earn Crypto

GOAT Network, a Bitcoin layer-2 scaling project, announced on Wednesday that users will soon be able to stake Dogecoin (DOGE) to support the security of its upcoming network, offering crypto rewards in return. Users will be able to accrue rewards in the form of Bitcoin, which is used to pay transaction fees on GOAT Network, as well as GOAT Network’s planned token, the project's Core Contributor and Metis co-founder Kevin Liu told Decrypt in an interview. “To secure the network, we need some toke...

NewsDeFi
3 min read
André Beganski

Another prominent meme coin, Brett (BRETT)—the top meme minted on Ethereum layer-2 network Base—popped to an all-time high price of $0.2032 on Saturday, and is currently up 17% over the past 24 hours.

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