Are Bitcoin and SHIB unlikely to rise together again? The relative value crisis behind the February double bull market

Question

【Crypto World】After entering February, the two major star coins, Bitcoin and SHIB, have shown a rare phenomenon: both rising together. Looking back at historical data, such a scene is indeed rare—the last time both achieved positive returns was in February 2022.

Interestingly, although Bitcoin’s average performance in February is more stable, with an average return of +14.3%, SHIB’s explosive power is often more intense. For example, in February 2024, SHIB surged by 41.3%, and this contrast definitely catches the eye.

However, from the weekly chart of SHIB against BTC, the situation is not so optimistic. Since the end of 2021, SHIB’s value relative to Bitcoin has fallen by over 93%. In other words, even if SHIB continues to rise this month, its competitiveness against Bitcoin is continuously shrinking. Against this background, it seems unlikely that both can continue to rise together in February.

DaoTherapy · Accepted Answer

SHIB's surge is useless; compared to BTC, it has fallen 93%, which is embarrassing.

GasOptimizer · Answer

After playing with cryptocurrencies for so many years, I still think SHIB is too虚 (虚 means虚幻, intangible). It's exciting when it rises, but it has fallen 93% against BTC... These numbers are so ironic.

Wait, if SHIB has depreciated so ridiculously relative to BTC, then the February double bull market must be a false illusion? Why do I feel like I'm just inflating air?

A 41.3% increase sounds impressive, but when converted to BTC, it's still just playing a shell game.

Don't be fooled by surface data. SHIB has risen, but its relative value is in a death spiral—that's the real truth.

Basically, SHIB is rebounding, BTC is steadily rising, and they are not comparable at all. Forcing them into the same frame is just marketing.

TheShibaWhisperer · Answer

Ha, SHIB's surge is fierce but it has depreciated 93% against BTC, this is a joke

---

Don't be fooled by SHIB's rise, it has long been fallen compared to Bitcoin

---

Double bull in February? It feels like SHIB is just inflated, the real value is still in Bitcoin

---

A 41% increase sounds great, but compared to BTC's significant shrinkage... it's a bit awkward

---

SHIB is unable to push higher, and is becoming increasingly hopeless against BTC

---

This is the fate of "popularity coins": they look impressive when rising, but the real depreciation happens when they fall

---

The double bull scenario is a false illusion; SHIB is actually suffering from relative devaluation

FrontRunFighter · Answer

ngl the 93% depreciation against BTC tells you everything... sure SHIB pumps harder percentage-wise but that's just the dark forest at work—smaller cap = easier to manipulate. the real question is who's extracting value here and spoiler alert it ain't retail holding bags. classic sandwich attack pattern imo

GweiTooHigh · Answer

No matter how strongly SHIB rises, it's still just a foil for BTC... relative value has no hope.

LiquidationWatcher · Answer

This is outrageous. No matter how strong SHIB's gains are, it’s becoming increasingly underwhelming compared to BTC.

Are Bitcoin and SHIB unlikely to rise together again? The relative value crisis behind the February double bull market

Trending Topics

GateTradFiIsLive

ChineseMemecoinBoom

GateLaunchpadIMU

SOLPriceAnalysis

GateSquareCreatorNewYearIncentives

Hot Gate Fun

骐骐

骐骐

PPSI

PEPSI

💲001

天才交易员

FAIRRUG

FAIRRUG

798

江南第一深情

Pin