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!
