Dogecoin was dumped after the saying from Elon. It is Hussle.
Shiba is shilling and is a hope of people who don't buy Dogecoin when it was cheap. It is same to Ethereum Classic that is rising because of miners will no longer have Ethereum to mine.
If Dogecoin is a joke, what is Shiba, joke killer?
Haven't expected this token will be listed in so many exchanges and having very high 24h trading volume. But look at their ANN here. Few words and links and they made a hit in the market. Can they really sustain this market or just only short-term gain of popularity? Waiting for binance if they will list this token, after all the volume is astonishing!
It depends on the community whether they can sustain the market. If all of the investors do something for the community then it will become even bigger. I also like the idea that trading should be also fun and it reduces the stress a little. Even if you make losses while investing in some meme coin you can make fun of that.