Dogecoin (DOGE) and Shiba Inu (SHIB) experienced significant growth in February. A Bitcoin (BTC) surge triggered this growth, and a market-wide rally has driven up the value of meme coins. Dogecoin and Shiba Inu have hit annual highs. 

Altcoin enthusiasts are optimistic that KangaMoon could also ride the current bull wave. The new meme coin has already gained significant traction and is now chasing 320% returns during its ongoing presale. 

Can DOGE surpass $0.2?

Over the last seven days, Dogecoin’s price has surged by 90.67%. Presently, Dogecoin is trading at $0.1812 and is the world’s seventh most traded cryptocurrency. In the last 24 hours, Dogecoin’s daily trading volume increased by 54% to $7.82 billion.  

This is the highest trading volume Dogecoin has experienced since 2022, and it won’t be a surprise if the token hits the $0.2 mark within Q1. Recent Dogecoin trends suggest that DOGE is due for a consolidation. 

Dogecoin has crashed after large rallies. Consequently, bearish analysts predict that Dogecoin could dip to $0.15 before experiencing additional growth.

SHIB is now the 5th most-traded cryptocurrency 

Following a significant price surge over the last 24 hours, Shiba Inu has hit several milestones. Currently trading at $0.00003987, SHIB has become the 11th-ranked cryptocurrency by market cap, just one spot behind Dogecoin. 

This exponential rally has triggered a massive surge in Shiba Inu’s daily trading volume. In the last 24 hours, SHIB’s daily trading volume increased by 224.20% to $13.57 billion. 

This makes Shiba Inu the world’s 5th most traded cryptocurrency, and the world’s most traded meme coin. Whether SHIB has all it takes to dethro

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