Renowned for its active community and fun appearance, dogecoin has taken the front stage once more. With many investors aiming at the elusive $1 target, the latest 30.5% price surge has given the $DOGE
community hope once more. As of today, Dogecoin has a market value of 0.1456 USD and a daily trading volume of about 2 billion dollars. Although DOGE has dropped 80.5% from its historic high of 0.7 USD back in 2021, it still enjoys considerable attention. Elon Musk’s fresh gift efforts have contributed to reviving the DOGE movement, hence the elements underlying this optimistic trend include fresh interest from him. With one of the most powerful Internet entrepreneurs backing Dogecoin and such a huge fanbase, its momentum could keep growing as the market enters a new meme coin frenzy. Should DOGE keep this pace, reaching the $1 milestone is not out of the reach.
Shiba Inu (SHIB): Attracting ShibTorch
Establishing themselves with a devoted ecosystem and community, Shiba Inu (SHIB) has shown to be more than simply a meme coin. $SHIB
is a top 20 cryptocurrency by market capitalization even if it is now consolidating beneath $0.000013. The ShibTorch burn capability on #Shibarium marks a deliberate attempt to control supply and increase token demand. Many investors are excited about SHIB’s ability to approach a $0.5 price level over time since it lines its trajectory with the movement of Bitcoin. With a current market valuation of $11 billion, Shiba Inu’s community is hoping these latest events will cause a notable price surge. Should the general market trend once more favor meme currencies, SHIB might see big increases.
