Dogecoin

Shiba Inu

<a href="https://www.blockhead.co/2023/02/06/shiba-inu-bites-back-at-dogecoin-heres-why/blockhead.co/tag/shiba-inu" rel="noopener noreferrer nofollow">Shiba Inu</a> is continuing its rally, recovering its losses against rival memecoin <a href="https://www.blockhead.co/2023/02/06/shiba-inu-bites-back-at-dogecoin-heres-why/blockhead.co/tag/dogecoin" rel="noopener noreferrer nofollow">Dogecoin</a>.Over the weekend, SHIB/DOGE jumped 30% to reach 0.00001638 DOGE, signalling a 100% rise from its ATL of 0.00000993 DOGE three months ago.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7f251643b1c342dcbaedcb2a363a54d0.png" />To commemorate SHIB&#39;s price surge, the official Shiba Inu Twitter account shared a GIF of a Shiba mascot lifting a trophy.It&#39;s not just technical patterns pushing SHIB&#39;s price up either. SHIB has gained momentum following its announcement on 16 January 2023 that Shiba Inu backed layer 2 blockchain Shibarium would go live on 14 February 2023.Read more: <a href="https://www.blockhead.co/2023/01/17/degen-season-again-shiba-inu-coin-launches-ethereum-l2/" rel="noopener noreferrer nofollow">Degen Season Again? Shiba Coin Launches Ethereum L2</a>Meanwhile, on team DOGE, fundamentals have suffered ever since Elon Musk suspended a DOGE tipping bot from Twitter.<h2 id="header-0">Who let the dogs out?</h2>With all the hysteria surrounding SHIB, whales are getting in on the action. On Thursday, <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-whale-60m-shib-binance-bullish/" rel="noopener noreferrer nofollow">10 different SHIB transfers</a>, ranging between $5.7 million to $6.4 million in value, were noticed on the Ethereum blockchain. The 10 transactions totalled $75,660,000 worth of Shiba Inu.One whale alone <a href="https://watcher.guru/news/shiba-inu-binance-transfers-1-6-trillion-shib-worth-21-million" rel="noopener noreferrer nofollow">reportedly</a> moved 1.62 trillion Shiba Inu tokens worth $21 million from a Binance account to an unknown wallet address.Another moved 499,999,668,400 SHIB, again from Binance to an unknown wallet, whilst 126.1 billion SHIB valued at $1.6 million was also moved.<h2 id="header-1">What next?</h2>Further technical analysis suggests that Shiba&#39;s price could jump another 40%.According to <a href="https://coingape.com/markets/shiba-inu-coin-price-soars-12-today-is-it-too-late-to-enter/" rel="noopener noreferrer nofollow">CoinGape</a>, a bullish breakout from the US$0.000014 level could set Shiba for a 40% jump.&#34;In an ideal bullish scenario, this breakout may push the SHIB price 40% higher to hit the $0.00002 psychological barrier,&#34; CoinGape&#39;s Brian Bollinger said.<a href="https://cointelegraph.com/news/shiba-inu-price-rebounds-100-after-record-lows-against-dogecoin-more-upside-ahead" rel="noopener noreferrer nofollow">Cointelegraph</a> has a similar target: &#34;Based on historical cycles, the pair could climb to 0.00002181 by March 2023, which would be a 40% gain from current price levels.&#34;Image credit: Jaycee Xie on UnsplashRead more on <a href="https://www.blockhead.co/" rel="noopener noreferrer nofollow">Blockhead.co</a>

Shiba Inu Bites Back 100% at Dogecoin – Here's Why

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