Dogecoin price rises as Shiba Inu rises to 8-month high

The second-largest dog coin by market cap, Shiba Inu (SHIB), is having its day on Saturday, with the Ethereum-based token rising to an eight-month high – even as top dogecoin (DOGE) posts more modest gains.

Shiba Inu experienced a strong increase on Saturday evening, rising to a price of $0.00002969 before cooling off slightly and rising 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 on April 1, eight months ago.

According to data from CoinGecko, it is by far the biggest gainer among the top 50 cryptocurrencies by market capitalization, followed by Filecoin with a daily jump of 10%.

Dog-themed meme coins aren’t particularly popular on the day, with Bonk (BONK) and Dogwifhat (WIF) only up around 1% each in the last 24 hours. But Ethereum-based Floki (FLOKI) is up almost 6% today.

Dogecoin, meanwhile, is approaching a weekly high price currently above $0.43, up 3% on the day. Last Saturday, DOGE reached its highest price in three years at $0.475; But even at the current price, DOGE is up 164% in the last month.

Another well-known meme coin, Brett (BRETT) – the top meme minted on the Ethereum Layer 2 network Base – rose to an all-time high of $0.2032 on Saturday and is currently up over the past 24 hours up 17%.