DOGE vs. SHIB: Who Experienced a Price Increase Over the Past Week?

Updated

August 23, 2025

Gambar DOGE vs. SHIB: Who Experienced a Price Increase Over the Past Week?

Jakarta, Pintu News – The two biggest meme coins, Dogecoin and Shiba Inu , have been in the spotlight again in the past week. Although the communities of both are still showing high optimism, the reality in the crypto market says otherwise.

The latest price data shows that both DOGE and SHIB are falling, dashing hopes of a short rally. So, what is the picture of their price movements in the past week?

DOGE Price Drops 8.42% in 7 Days

The Dogecoin (DOGE) price in trading this week showed a sharp weakening trend. Currently, DOGE is trading at $0.2098 (around Rp3,432, exchange rate $1 = Rp16,364), down 8.44% in the last 7 days. The candlestick chart displays a dominance of red candles since mid-August, signaling consistent selling pressure from the market.

In recent days, the price had tried to rebound near the $0.24 area, but failed to last long and corrected back to a weekly low around $0.209.

The movement showed a gradual downward pattern with several pullback attempts that were not strong enough. The selling pressure became more pronounced towards the end of the chart, with a long red candle pushing the price down.

Read also: 5 Phases of Altcoin Season

In terms of fundamentals, DOGE’s market capitalization stood at $31.61 billion, down 2.76%. The 24-hour trading volume stood at $2.16 billion, down significantly by 17.35%, indicating reduced buying activity. The current total supply of DOGE stands at 150.62 billion DOGE and all of it is already circulating in the market, so supply pressure remains high.

Despite the price drop, community sentiment is still trending positive. Of the 1.4 million votes cast, around 86% of users were bullish, while only 14% were bearish. This shows that while Dogecoin is in a correction phase, community support remains strong, maintaining long-term optimism for the meme-based crypto asset.

SHIB Price Drops 6.45% in 7 Days

The price of Shiba Inu (SHIB) has experienced strong selling pressure in the past week. Currently, SHIB is trading at $0.00001210 (around Rp0.20 at an exchange rate of $1 = Rp16,364), down 6.45% in the last 7 days. The candlestick chart shows a movement that had strengthened to a peak around $0.0000132 on August 17, but after that the trend turned downward.

In the last few days, the price movement has been dominated by red candles with a gradual downward pattern. Several times a small rebound attempt appeared, but the selling pressure was greater so that the price was again depressed near the $0.0000120 area.

Also read: Hoichi Releases Torii Gateway: A Multi-Blockchain Bridge Connecting 60+ Networks to Shibarium

The 24-hour trading volume also dropped significantly by 19.78%, with a daily transaction value of around $150.12 million, signaling that market activity is starting to weaken.

In terms of fundamentals, Shiba Inu’s market capitalization stands at $7.13 billion, down 2.34% as prices weaken. SHIB’s total circulating supply currently stands at 589.24 trillion tokens, close to the maximum total supply of 589.55 trillion, so the pressure from the supply side is also considerable.

Interestingly, despite the price correction, community sentiment is still dominated by optimism. Out of more than 1 million votes, around 87% were bullish while only 13% were bearish. This reflects the crypto community’s belief that Shiba Inu (SHIB) still has the potential for long-term movement, especially with the support of the Shibarium ecosystem and widespread adoption.

Conclusion

Based on price movement data in the past week, neither Dogecoin (DOGE) nor Shiba Inu (SHIB) have recorded price increases. DOGE fell around 8.44% and is now at $0.2098, while SHIB fell 6.45% to $0.00001210.

Although the community sentiment for both is still predominantly optimistic with a majority of bullish votes, the reality is that the market is showing quite consistent selling pressure.

This confirms that in the past week, neither of the two popular meme coins experienced an upward trend in price, but were both in a correction phase.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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