Dogecoin and Shiba Inu Demand Decreased by 70%

The problems affecting Dogecoin and Shiba Inu are similar, and that's why their performance in the market is almost the same.

Key Points:

• Dogecoin is plunging further
• Shiba Inu whales are still selling
• Bitgert remain bullish

Dogecoin and Shiba Inu are two crypto coins that are posting dismal performance in the crypto market. Both Dogecoin and Shiba Inu have their prices plummeting at a fast rate in 2022. In fact, both Dogecoin and Shiba Inu have been plunging since their last ATH.

The problems affecting Dogecoin and Shiba Inu are almost the same, and that's why their performance in the market is almost the same. First, both Dogecoin and Shiba Inu are meme coins. This is the biggest problem because meme coins are no longer attracting the same attention.

In fact, meme coin hype has been dying, and Dogecoin has been among the most affected coins today. That's why Dogecoin demand and that of the Shiba Inu have dropped by 70%. There are many Dogecoin investors selling than the new ones joining the coin.

Note that Dogecoin has been dropping non-stop for the past 12 months. According to the Coinbase Dogecoin data, the coin has lost 74% of its value over the past year, which is a massive loss for DOGE investors. But apart from being meme coins, what is causing Dogecoin and Shiba Inu to lose traction?

The issue of competing coins has been coming up as one of the reasons why Dogecoin demand is dropping. There are exciting projects coming up in the market that are getting most of the attention, even from Dogecoin investors. In fact, there are many Dogecoin investors that are selling to join these projects because of their attractiveness as crypto investments.

Bitgert (BRISE) is one of the cryptocurrencies that is giving Dogecoin and Shiba Inu a tough time in the market. Crypto analysts have been saying that Bitgert might be the Dogecoin and Shiba killer. This is because of the powerful project that the Bitgert team is building. Bitgert is building one of the most interesting blockchain ecosystems.

The Bitgert ecosystem is the most disruptive in the industry because of the disruptive products the Bitgert team is building. The Bitgert BRC20 blockchain is one of the disruptive Bitgert products. It is the first zero gas fee chain and has the fastest speed at 100k TPS.

The Bitgert roadmap V2 is now the most talked about because of the powerful products it offers. With the launch of the Bitgert products in this roadmap and the 1000+ new projects on the ecosystem, Bitgert will remain a better crypto investment than Dogecoin.

Therefore, Dogecoin and Shiba Inu will need to beat the Bitgert competition. That's the only way their growth can start skyrocketing again.