Dogecoin (DOGE) and Shiba Inu (SHIB) are up 30% and 10% respectively, with analysts predicting further growth. ๐ The main factors that could contribute to the SHIB rally are the token burn rate and the successes associated with Shibarium's L2 scaling solution.
Trader Rekt Capital suggests that DOGE has completed its "macro downtrend" and has begun a new "macro uptrend." A close above $0.20 in late March could spur a rally towards $0.30 (a valuation not seen since October 2021). ๐
The SHIB token burn skyrocketed by 1200%, resulting in the destruction of over 51 million tokens. Another factor contributing to the growth of Shiba Inu is the further development of the Shibarium L2 blockchain solution, which has exceeded 400 million transactions.