.Dogecoin price slumps despite growth in whale transactions
Dogecoin and growing competition
Dogecoin might be the biggest digital meme coin in today's Web 3.0 world, but the cryptocurrency is facing significant competition from several players in the industry. Shiba Inu is arguably theWhile the Shiba Inu community is anticipating theof Shibarium, its Ethereum-based Layer 2 protocol, Dogecoin has not released any major update that showcases growth over the past few months.
The growth and relevance of Dogecoin consist in its legacy, and this can be tagged as an attractive factor for its whales.
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