• Shiba Inu and Bonk’s price charts were green. 
• Dogecoin and PEPE’s fates were not as good as their values dropped.

2023 is coming to an end, and top meme coins Shiba Inu [SHIB], Dogecoin [DOGE], Pepe [PEPE], and Bonk [BONK] have had an impactful year. AMBCrypto, thus, took a look at these meme coins to see what the close of 2023 holds for them.

Shiba Inu beats Dogecoin

While most cryptos’ weekly charts were red, Shiba Inu chose to act differently as its value rose. As per CoinMarketCap, SHIB was up by over 4% last week.

At press time, it was trading at $0.00001008 with a market capitalization of over $5.9 billion.

To understand what supported this surge, AMBCrypto checked Santiment’s data. As per our analysis, SHIB’s Price Volatility 1w spiked. Its Supply on Exchanges dropped, while its Supply outside of Exchanges increased slightly.

This meant that the buying pressure on the meme coin was high at press time. Additionally, its network activity also remained high, as evident from its daily active addresses graph.

AMBCrypto checked SHIB’s daily chart to see whether the token would be able t

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Author: Dipayan Mitra

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