Following the news of Twitter's rebranding, there was speculation about the platform planning to integrate its own digital asset payment system. Given Musk's known affection for Dogecoin, market chatter hinted at the possibility of Dogecoin being the preferred digital currency for"X." This speculation fueled Dogecoin's price, resulting in it outperforming the overall crypto market.The connection between Musk and Dogecoin is nothing new.
These recent price dynamics have not only shocked the community but also raised questions about PEPE's placement on the market. Once a buzzing meme coin with a robust community and decent market performance, PEPE seems to be losing its luster. As the market continues to evolve and competition intensifies, the future trajectory of PEPE remains uncertain.
While SHIB has gained some value in recent weeks, DOGE has managed to steal the limelight once again, offering a more appealing investment option to the crypto community. Consequently, the trading volume of SHIB has suffered a notable decrease, signaling a potential exodus of investors from the meme coin.network has seen a surge. However, without substantial trading volume to back this up, the effect on SHIB's market performance remains limited.
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