Why is Shiba Inu, Dogecoin Beating the market?

MartinBH shiba inu editorial illustration use a consistent colo c2c72762 1e7b 4b4c bc5f 00cc854b80ee

In a world where cryptos are often at the mercy of market trends, Shiba Inu Dogecoin are making their own rules. These two digital currencies are the mavericks of the crypto world, registering near-double-digit growth in the last week alone. They’re not just surviving, they’re thriving!

The Rise of Shiba Inu, Dogecoin

While other cryptos are feeling the heat, Shiba Inu Dogecoin are enjoying a bull rally that’s the talk of the town. SHIB’s price shot up by almost 10% in the last week, while DOGE rallied by 11%. As of now, both SHIB and DOGE are in the green, trading at $0.000008552 and $0.08016 respectively.

But it’s not just about the numbers. The positive sentiment around Shiba Inu Dogecoin has skyrocketed in recent days. Shiba Inu’s daily active addresses also saw a spike on July 28, indicating a growing interest in this memecoin.

The Shibarium Effect

As the Shibarium mainnet launch approaches, the excitement is palpable. This is clearly reflected in BONE’s chart, which is set to play a significant role in Shibarium. According to CoinMarketCap, BONE’s price jumped by over 13% in the last week, trading at $1.48 with a market cap of $341 million.

The Future of Shiba Inu Dogecoin

Shiba Inu Dogecoin’s growth is impressive, but what does the future hold? DOGE’s daily chart offers a glimmer of hope, with several indicators pointing towards a bullish trend. The Exponential Moving Average (EMA) Ribbon has shown a bullish crossover, and the MACD reveals that the bulls are leading the market.

Shiba Inu’s on-chain metrics also look promising. The memecoin’s exchange reserve is declining, suggesting it’s not under selling pressure. However, SHIB’s RSI is in an overbought zone, which could trigger selling pressure and potentially decrease its price.

The Underdog: PEPE

While SHIB, DOGE, and BONE are enjoying their rallies, PEPE is lagging behind. Its value declined by more than 11% in the last week, trading at $0.000001329 with a market cap of $520 million.

In the thrilling world of memecoins, it’s clear that Shiba Inu Dogecoin are the ones to watch. Their decoupling from the market is a testament to their strength and resilience. As we move forward, it will be fascinating to see which direction these memecoins take. Stay tuned for the ride of your life!

Steve Beckford

Steve Beckford

Share:

Share on telegram
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Related Posts

bitcoin
Bitcoin (BTC) $ 68,570.37
ethereum
Ethereum (ETH) $ 3,777.28
tether
Tether (USDT) $ 0.999268
bnb
BNB (BNB) $ 595.94
solana
Solana (SOL) $ 168.64
staked-ether
Lido Staked Ether (STETH) $ 3,773.14
usd-coin
USDC (USDC) $ 0.999582
xrp
XRP (XRP) $ 0.521819
dogecoin
Dogecoin (DOGE) $ 0.161133
cardano
Cardano (ADA) $ 0.449518
shiba-inu
Shiba Inu (SHIB) $ 0.000027
the-open-network
Toncoin (TON) $ 6.49
avalanche-2
Avalanche (AVAX) $ 36.62
chainlink
Chainlink (LINK) $ 18.31
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 68,503.35
tron
TRON (TRX) $ 0.111548
polkadot
Polkadot (DOT) $ 7.07
bitcoin-cash
Bitcoin Cash (BCH) $ 469.25
uniswap
Uniswap (UNI) $ 10.77
near
NEAR Protocol (NEAR) $ 7.46
matic-network
Polygon (MATIC) $ 0.703041
litecoin
Litecoin (LTC) $ 84.30
pepe
Pepe (PEPE) $ 0.000015
fetch-ai
Fetch.ai (FET) $ 2.26
internet-computer
Internet Computer (ICP) $ 12.22
leo-token
LEO Token (LEO) $ 5.96
dai
Dai (DAI) $ 0.999729
wrapped-eeth
Wrapped eETH (WEETH) $ 3,926.96
ethereum-classic
Ethereum Classic (ETC) $ 30.16
aptos
Aptos (APT) $ 9.23
render-token
Render (RNDR) $ 10.31
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,729.43
hedera-hashgraph
Hedera (HBAR) $ 0.101793
dogwifcoin
dogwifhat (WIF) $ 3.48
cosmos
Cosmos Hub (ATOM) $ 8.59
immutable-x
Immutable (IMX) $ 2.23
arbitrum
Arbitrum (ARB) $ 1.14
kaspa
Kaspa (KAS) $ 0.138672
mantle
Mantle (MNT) $ 0.998714
filecoin
Filecoin (FIL) $ 5.82
crypto-com-chain
Cronos (CRO) $ 0.116943
stellar
Stellar (XLM) $ 0.106358
ethena-usde
Ethena USDe (USDE) $ 0.999440
the-graph
The Graph (GRT) $ 0.308073
first-digital-usd
First Digital USD (FDUSD) $ 0.998001
blockstack
Stacks (STX) $ 1.99
arweave
Arweave (AR) $ 43.55
bittensor
Bittensor (TAO) $ 408.97
okb
OKB (OKB) $ 45.42
optimism
Optimism (OP) $ 2.49