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Shiba Inu (SHIB): On an Upward Trajectory
Shiba Inu (SHIB) debuted as a meme coin, capturing the crypto world’s fascination with its Shiba dog-inspired logo. While surges and dips marked the token’s early days, it’s worth noting that the volatile nature of meme coins can be both a blessing and a curse.
Thus, Shiba Inu attempts to break away from the meme coin stigma. In recent Shiba Inu news, the Shibarium network launch, aimed at enhancing the efficiency of transactions, encountered technical issues. As a result, the Shiba Inu price sank by 22% on the weekly charts.
However, it now appears that the bearish trend has ended as Shiba Inu trades hands at $0.000008425 with a market cap of $4.9B, up 0.46% overnight. Most importantly, its moving averages and technical indicators are green. Therefore, experts remain bullish for Shiba Inu’slong-term growth, projecting a $0.00001078 price by the end of 2023.
Dogecoin (DOGE): Trading in the Green
Similarly, Dogecoin (DOGE), the original meme coin, carved its place as a lighthearted digital currency. Recently, it has exhibited a positive trajectory, trading in the green. In fact, the Dogecoin price now sits at $0.06347 with a market cap of $8.9B, jumping 1.73% overnight.
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Author: Crypto Daily
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