Recently, I have been keeping an eye on Shiba Inu (SHIB) and Dogecoin (DOGE). These two memecoins have always been hot topics in the market, especially against the backdrop of the recent recovery in the cryptocurrency market, their performance is particularly eye-catching. Whether these 'joke coins' can surprise investors again, I think the answer might be 'very likely'.
Let's talk about Shiba Inu first. In the past week, its price has risen by over 21%, and it has soared by 73% from November until now. The current key point is the resistance level of $0.00003050; if it breaks through, this wave of increase could directly reach $0.000045. The technical analysis also supports this view; the so-called 'cup and handle' pattern and golden cross are pointing towards higher targets. Moreover, recently, more than 2 billion SHIB tokens were burned, which directly increased the burn rate, effectively reducing the supply in the market, which is naturally good news for the price.
Dogecoin is also not lagging behind, currently priced around $0.42, but many analysts are optimistic about it breaking through the resistance level of $0.50. Once it successfully breaks through, the price of DOGE could soar to $0.90. Don't think it's exaggerated; looking back at DOGE's historical performance, it has had quite a few episodes of such surges.
Ultimately, December seems to be a key month for memecoins. Not just SHIB and DOGE, but also emerging memecoins like PEPE have seen quite astonishing trading volumes recently. In fact, these coins are gaining popularity not just because of speculation, but more because they represent a cultural trend and community resonance. Whether it's the rising activity of the Shiba Inu network or the allure of Dogecoin as an 'old-school' memecoin, these factors are driving up their value.
For me, this wave of market movement is worth noting, especially the trends of SHIB and DOGE. But equally important is that the volatility of these types of coins is very high; they rise sharply and drop just as fiercely. So whether you plan to trade short-term or hold long-term, be sure to manage your risks. After all, market opportunities arise every day; the key is to maintain a steady mindset.
To be honest, I think the story of memecoins may be far more than just a bull market. They are more like a combination of culture and technology, an alternative expression of traditional finance. Will Shiba Inu and Dogecoin shine again? I will keep watching, but one thing is certain: the popularity of memecoins will only continue to rise. Which memecoins are you paying attention to?