Shiba

Dogecoin

2024

Shiba Inu

<p> Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. </p> 
<p class="is-style-lead">The crypto bull market rally has resumed, and top meme coins Dogecoin and Shiba Inu are lapping up decisive gains.</p> 
<p>Dogecoin has booked an 8.6% uptick today, while Shiba Inu is up 7.1%.</p> 
<h2 class="wp-block-heading" id="strong-doge-and-shib-rise-as-meme-coin-volume-skyrockets-strong"><strong>DOGE and SHIB rise as meme coin volume skyrockets</strong></h2> 
<p>Crypto’s improving market conditions have ignited massive interest in meme coins, with CoinMarketCap data reporting the sector’s trading volume is up 100% today.</p> 
<p>Meanwhile, the volume of frontrunners Dogecoin and Shiba Inu is up 126% and 137%, outpacing the sector’s average.</p> 
<p>On the price data front, Dogecoin is trading at $0.16, up 8.6% today, 8.1% this week, and down 0.5% this month. It currently holds a $23 billion market cap, making it the tenth-largest cryptocurrency.</p> 
<p> You might also like: <a href="https://crypto.news/analyst-picks-top-4-crypto-presales-of-2024-bdag-5scape-dogeverse-etfs/" rel=""> Analyst picks top 4 crypto presales of 2024: BDAG, 5SCAPE, DOGEVERSE, &amp; ETFS </a> </p> 
<p>Prominent analyst Crypto Trading Signals recently provided a forecast for Dogecoin, speculating it will advance toward $0.35 in the coming weeks.</p> 
<p>The analyst notes that Dogecoin recently broke from a symmetrical triangle, paving the way for a strong move upwards.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$DOGE</a> Set for $0.35 cents soon as we have just broken out of the Symmetrical Triangle! <a href="https://twitter.com/hashtag/Doge?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Doge</a> <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Dogecoin</a> <a href="https://t.co/WNxluHGud7" target="_blank" rel="">pic.twitter.com/WNxluHGud7</a></p>— Crypto Daily Trade Signals (@cryptodailyTS) <a href="https://twitter.com/cryptodailyTS/status/1792729485894451224?ref_src=twsrc%5Etfw" target="_blank" rel="">May 21, 2024</a>
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<p>Meanwhile, Jake Wujastyk highlighted that Dogecoin is trading at a “volume shelf,” which he describes as a “launchpad” for explosive gains.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Dogecoin</a> Hey there Delilah what's it like in launchpad city<a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$DOGE</a> <a href="https://t.co/v6YRjY70zi" target="_blank" rel="">pic.twitter.com/v6YRjY70zi</a></p>— Jake Wujastyk (@Jake__Wujastyk) <a href="https://twitter.com/Jake__Wujastyk/status/1792700744816308307?ref_src=twsrc%5Etfw" target="_blank" rel="">May 20, 2024</a>
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<p>The second-largest meme coin, Shiba Inu, is also experiencing bullish momentum. It is trading at $0.00002548, up 7.1% today and 8.2% this week but down 6.9% this month. It currently holds a $15 billion market cap.</p> 
<p>Analyst Nebraskangooner noted that Shiba Inu has broken out and retested a trend line resistance. This sets the foundations for further upside.</p> 
<p> You might also like: <a href="https://crypto.news/dogeverse-presale-hits-12m-poised-to-transform-memecoin-market/" rel=""> Dogeverse presale hits $12m, poised to transform memecoin market </a> </p> 
<p>While the analyst does not provide a price target, the recent price action indeed suggests a bullish outlook for SHIB.&nbsp;</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$SHIB</a><br><br>Successful breakout and retest <a href="https://t.co/w0ODf7nRvw" target="_blank" rel="">https://t.co/w0ODf7nRvw</a> <a href="https://t.co/cy0c3RBD2f" target="_blank" rel="">pic.twitter.com/cy0c3RBD2f</a></p>— Nebraskangooner (@Nebraskangooner) <a href="https://twitter.com/Nebraskangooner/status/1792715685153681823?ref_src=twsrc%5Etfw" target="_blank" rel="">May 21, 2024</a>
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<p>Javon Marks is also optimistic about Shiba Inu, <a href="https://x.com/JavonTM1/status/1792691290355728419" target="_blank" rel="">speculating</a> a monumental breakout with 210% gains could be on the horizon.&nbsp;</p> 
<p>The analyst wrote, “SHIB has broken out of a ‘smaller’ bull flag-like pattern, and this breakout may be enough to spark another major wave in an already massive uphill run.”</p> 
<p>He continued, “This smaller break can initiate a continuation in an over 210% run to the $0.000081 target, which is more than 3X from here!”</p> 
<p>Javon Marks also speculated that SHIB could see another 90% uptick from $0.000081 to $0.0001553 on the proceeding wave.</p> 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/-3cDwlIoYAa8KMb3EHx9zhnDV7YTReSeTtvTRH5eyzWHaBktu9DziyfRaZcAuKFl-sH0qxx1hEuEfN-QwnhTXpEzl3NU3RPRDOQyW9JRYC5R-Spa5d2tP1tVdWc-eIEFgKEWu1Ydmh5ODDGQoSx5evc" alt="Dogecoin and Shiba Inu post gains as crypto market turns bullish - 33">
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<p>But while large-cap meme coins hold a bullish outlook, many newer projects are also gaining pace.&nbsp;</p> 
<p>One of the most promising upcoming projects is Dogeverse, a new presale that has raised $15 million and is advancing toward its exchange launch.</p> 
<h2 class="wp-block-heading" id="strong-will-multichain-meme-coin-dogeverse-explode-next-after-raising-15m-strong"><strong>Will multichain meme coin Dogeverse explode next after raising $15M?</strong></h2> 
<p>Should history repeat, this market cycle could see another Doge-themed cryptocurrency take centre stage. Dogecoin emerged as a front-runner in 2013, and then Shiba Inu captivated investors after launching in 2020.</p> 
<p>Although other doge-themed cryptos like Bonk and Floki look bullish, the newly launched <a href="https://crypto-news.care/b_dogeverse-en_73791?referrer=dogecoin-and-shiba-inu-post-gains-as-crypto-market-turns-bullish" target="_blank" rel="">Dogeverse</a> has a unique narrative that could make it this cycle’s show-stopper.</p> 
<p>That narrative is that Dogeverse is the first doge-themed cryptocurrency to go multichain.</p> 
<p>Leveraging Wormhole and Portal Bridge technology, Dogeverse is available on Ethereum, Solana, Base, BSC, Polygon, and Avalanche.</p> 
<p>This amplifies its community-building potential while protecting it from the risk of users migrating between networks.</p> 
<p>Indeed, its unprecedented use case has caused a buzz in the market, which is evident in its presale, raising over $15 million.</p> 
<p>However, another factor driving excitement is its staking layer, which encourages long-term holding to maximize price stability. Currently, stakers can garner a 53% APY, but this will decrease as the staking pool grows.</p> 
<p>In addition to unwavering interest from traders, top analysts have also favoured Dogeverse. For instance, the <a href="https://www.youtube.com/watch?v=gWzor3FxbvI&amp;pp=ygUOZG9nZXZlcnNlIDEwMHg%3D" target="_blank" rel="">99Bitcoins</a> YouTube channel and <a href="https://www.youtube.com/watch?v=o9gMsKJNBrI&amp;pp=ygUJZG9nZXZlcnNl" target="_blank" rel="">Yellow Trades</a> have both recently backed the project to explode.</p> 
<p><strong>To learn more about this project, </strong><a href="https://crypto-news.care/b_dogeverse-en_73791?referrer=dogecoin-and-shiba-inu-post-gains-as-crypto-market-turns-bullish" target="_blank" rel=""><strong>visit the Dogeverse presale website</strong></a>&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/memecoin-dogeverse-nears-exchange-listing-after-raising-15m-in-presale/" rel=""> Memecoin Dogeverse nears exchange listing after raising $15m in presale </a> </p> 
<p> Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. </p>

Dogecoin and Shiba Inu post gains as crypto market turns bullish

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