Shiba

Dogecoin

Strong

Shiba Inu

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-show-strong-interest-in-shiba-inu-and-dogecoin/" data-wpel-link="internal">Investors Show Strong Interest in Shiba Inu and Dogecoin</a><br></p>
<p style="text-align: justify">Shiba Inu and Dogecoin continue to be options for <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> entering the cryptocurrency world. However, recent price drops have affected not only prices but also their sentiment. The decline in sentiment towards these two meme coins may position them as options for investors considering reinvestment.</p> 
<h2 style="text-align: justify" id="dogecoin-and-shiba-inu-reach-overbought-levels">Dogecoin and Shiba Inu Reach Overbought Levels</h2> 
<p style="text-align: justify">The Fear and Greed Index is known as a scale used to understand how cryptocurrency investors view a particular cryptocurrency over a specific period. A high value on the scale indicates the investors’ strong willingness to invest in the assets. Conversely, a drop in the scale indicates the opposite situation.</p> 
<p style="text-align: justify">Due to a recovery seen in the <a href="https://en.coin-turk.com/bitcoin-btc-the-unsolved-problems-despite-the-price-surge/" data-wpel-link="internal">cryptocurrency market</a> from the beginning of 2024 until now, market sentiment for cryptocurrencies like Shiba Inu and Dogecoin has risen to the greed region, even extreme greed, drawing attention back to these cryptocurrencies.</p> 
<p style="text-align: justify">According to <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> from the CFGI website, Shiba Inu’s sentiment has a value of 83, indicating extreme greed. On the other hand, Dogecoin’s value was 78. This situation reveals that investors are eagerly buying both meme coins.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-353761" src="https://coin-turk.com/wp-content/uploads/2024/05/shib-coin-turk-com.png" alt="" width="2129" height="652"></p> 
<h2 style="text-align: justify" id="doge-and-shib-price-outlook">DOGE and SHIB Price Outlook</h2> 
<p style="text-align: justify">The extreme greed situation seen in DOGE and SHIB also reflected in their prices. Firstly, examining DOGE, the price surged following a rise in BTC and increased by nearly 12% in the last 24 hours, reaching $0.1661.</p> 
<p>The rise also brought an increase in market volume, and DOGE, ranked 8th in terms of volume, reached a market volume of $24 billion. Additionally, the 24-hour trading volume surpassed $1.5 billion after a 98% increase.</p> 
<p style="text-align: justify">On the other hand, SHIB rose by 9.71% in the last 24 hours, reaching $0.000026. With a market volume of $15.3 billion, SHIB ranks 12th, just behind AVAX. SHIB’s trading volume stands at $749 million after a 118% increase, making it the 18th most traded cryptocurrency.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-show-strong-interest-in-shiba-inu-and-dogecoin/" data-wpel-link="internal">Investors Show Strong Interest in Shiba Inu and Dogecoin</a></h5>

Investors Show Strong Interest in Shiba Inu and Dogecoin

Table of Contents

COINTURK NEWS

Other articles published on May 21, 2024

Solana Cup And Handle Pattern Means An At Least 90% Move Against Ethereum, Analyst Says

Ethereum Rises 20%; ETF Inflows Fuel Biden Vs. Bitcoin Rally; Trump Fixer Michael Cohen Has Decid...

Join a Global Community of Tech Enthusiasts at XERA Pro

What happens to crypto market After Bitcoin Halving?

Ethereum ETF News Captivates Market as Bitcoin Analysts Share Insights

Velar Collaborates With Build on Bitcoin (BOB) for PerpDex Launch (21 May)

Join our free newsletter for daily crypto updates!