๐ DOGE, SHIB prices dip; traders look to new memecoin ๐๐๐
๐ Dogecoin and Shiba Inu face downturns with dips of 2.4% and 13.6%, respectively. Investors eye the presale of Dogecoin20 amid the decline. ๐๐
๐ The recent selloff in Dogecoin and Shiba Inu coincides with a broader market struggle following a Bitcoin retracement. While Dogecoin has seen a 2.4% dip, Shiba Inu is down 13.6%. ๐๐ผ
๐ Analysts like Rekt Capital anticipate volatility, noting Dogecoinโs testing of the $0.20 support level. Kaleo suggests a potential upswing, particularly for Dogecoin against Bitcoin. Meanwhile, Shiba Inu traders remain optimistic, with Captain Faibik predicting a โ2x bullish rally.โ ๐๐ก
๐ Amid struggles of established meme coins, newer ones like Dogwifhat see gains, while the presale for Dogecoin20 raises $10 million in its first week, sparking excitement ahead of its exchange launch on Doge Day. ๐๐ฐ
๐ก Dogecoin20 aims to redefine meme coin dynamics with features like Stake-to-Earn and a capped supply of 140 billion tokens, attracting investor interest and speculation about its potential to become a standout performer. ๐ช๐