Dogecoin vs Shiba Inu: Which meme is winning in the current market?

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

During the bull rally, Dogecoin fell behind Shiba Inu, the second most popular meme coin, on a particular front.

Shiba Inu’s performance on the social front remains better than that of Dogecoin, even as both meme coins register promising price upticks.has remained the leader in the meme coin ecosystem for years now. Despite that being the case, during the latest bull rally, DOGE fell behind

However, it was interesting to note that both meme coins were able to capitalize on the bull market, as they managed to lift their values substantially over the last few days.Crypto Dep, a popular X handle, recently posted a tweet highlighting the social performance of the top meme coins. NotablyAs per the tweet, while DOGE’s social engagement was at 35.1 million, SHIB’s metric touched 56 million. Moreover, SHIB and DOGE’s social mentions were 3.12k and 1.35k, respectively.

However, despite high social engagement, the bearish sentiments of both tokens increased by more than 50% at the time of writing, as perEven as the bearish sentiments of both meme coins increased, their charts remained in the green.tradingA look at DOGE’s daily chart suggested that the uptrend might soon come to an end. The token’s price touched the Bollinger Bands’ upper limit at press time.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese Stocks Rally as Beijing Steps Up Economic Support(Bloomberg) -- Chinese stocks rallied after Beijing took stronger action to support the world’s second-largest economy, showcasing determination to stem the ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Will Polkadot’s token unlock reverse the gains of the latest market rally?The scheduled unlocking of about 99 million DOT tokens on 24 October, worth nearly $427 million, kept traders on their toes.
Source: CryptoAmb - 🏆 22. / 68 Read more »