Why Dogecoin and Shiba Inu Are Rocketing, but Bitcoin Just Inched Up

Why Dogecoin and Shiba Inu Are Rocketing, but Bitcoin Just Inched Up
·3 min read

In early Thursday morning trading, as of 9:45 a.m. EDT, the price of Dogecoin (CRYPTO: DOGE) is surging 29% and Shiba Inu (CRYPTO: SHIB) is up 27%. Bitcoin (CRYPTO: BTC) on the other hand -- the granddaddy of cryptocurrencies -- is up a much more modest 4.1%. At the most basic level, what's happening here is momentum trading.

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