The price of both Dogecoin (DOGE) and Shiba Inu (SHIB) has gone up over the past 24 hours. This is a great sign for all cryptos. It seems that with Bitcoin’s recent rally that all other altcoins are rallying as well.
According to CoinGecko, Dogecoin has gone from $0.2 to $0.26 during the time. This means that it is up by 24.1%. Moreover, the crypto is still showing bullish signs. Hence, it is likely that the price of DOGE will keep going upwards.
Likewise, Shiba Inu price has also gone up. Specifically, over the last 24 hours, the crypto has gone from $0.00000638 to $0.00000820. This means that SHIB has gone up by 24.6% and continues to show bullish signs. Thus, the price of SHIB could continue to climb upwards.
At the moment, in terms of market cap, Dogecoin ranks at 7 with a market cap of $34,208,873,516. Meanwhile, Shiba Inu is at rank 35 with a market cap of $4,022,497,642. This is a remarkable rank for both. More so, because they are both seen as meme coins.
Despite this, both cryptocurrencies have a very active user base. In particular, Dogecoin’s community is driven by wanting to do good in the world. For instance, the community managed to donate millions to humanitarian projects.
Therefore, Dogecoin is ‘the Peoples coin’. The crypto for the average citizen. Shiba Inu also falls along these lines. Both coins have received active support from both the vast crypto community as well as from notable crypto enthusiasts in the industry.
Dogecoin in particular got a lot of hype from Elon Musk. The tech titan made it no secret about his affection for the community-driven crypto. Thanks to tweets from Elon Musk and the occasional hype from TikTok, Dogecoin has seen many pumps over its course so far.
The all-time high for DOGE is set at $0.73. The crypto community and DOGE supporters alike are hoping the Dogecoin will hit $1 this year. On the other hand, SHIB hodlers are holding out for the crypto to hit $0.0009 by next year.
Original Source :coinquora.com
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