Top dogs: Newbie Shiba Inu bites back, gains 25% vs. Dogecoin in February
Metaverse craze, token burning events, and increasing merchant adoption have made Shiba Inu outperform Dogecoin so far this month.
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Metaverse craze, token burning events, and increasing merchant adoption have made Shiba Inu outperform Dogecoin so far this month.
One analyst suggests shorting the ongoing SHIB price rally brings "excellent opportunities."
The upside move in the Shiba Inu instruments also comes in the wake of broader price rebound across leading crypto assets, including Bitcoin.
Conflicted technical setups emerge in the wake of Shiba Inu’s latest price decline, with price targets sitting as high as $0.0001.
The meme cryptocurrency hints at undergoing a price rebound as its paints a classic bullish continuation setup.
The humongous bull run appeared in sync with similar price rallies across Dogecoin-inspired joke cryptocurrencies, notably Shiba Inu.
The DOGE price rally appeared after Shiba Inu briefly flipped Dogecoin to become the ninth-largest cryptocurrency by market capitalization.
In comparison, Dogecoin’s October gains so far have come out to be a little over 8%.
The price of the Dogecoin-inspired meme cryptocurrency has been consolidating inside a structure that appears like a Bull Pennant.
The sharp upside retracement surfaces as retail frenzy around Shiba Inu hints at testing May peak levels.