SHIB
#SHIBA🚀 Shiba Inu SHIB Shows Unusually High Strength Against Dogecoin
In 24 hours, the price of Dogecoin increased by more than 13%?
Shiba Inu makes it surpass Cardano and jump into the top ten cryptocurrencies by market capitalization. Cryptocurrency analyst and influencer Ansem also said that this is just the beginning of Dogecoin’s price rise, and he shared a chart suggesting that Dogecoin is about to experience a price breakout.
Dogecoin’s rise is believed to be caused by several factors, including sentiment towards Ethereum Spot ETFs. Ethereum-based tokens will benefit from the hype generated by these funds. Coinbase International Exchange recently announced that it will begin supporting Dogecoin (SHIB) perpetual contracts on its platform on May 30.
Recent market trends have also contributed to Dogecoin’s double-digit gains, with meme coins undoubtedly becoming one of the most important topics at the moment. This is why other meme coins like Pepe (PEPE) and Dogwifhat (WIF) have also recorded significant gains recently, rising 9% and 33% respectively in the past seven days.
SHIB team reacts to price increase
Lucie, Dogecoin’s head of marketing, reacted to Dogecoin’s move beyond Cardano. She attributed this incredible milestone primarily to the Dogecoin community, stating that “this incredible milestone was made possible by the incredible support of our community.” Lucie also highlighted the developments within the Dogecoin ecosystem Becoming another factor that helped Dogecoin rise to become the tenth largest cryptocurrency by market capitalization.
These developments include the launch of Shibarium, a Layer-2 network that has become an important part of the ecosystem. Recently, the team also raised $12 million in funding for its proposed Layer-3 network, which will boost Dogecoin’s profile. As of this writing, Dogecoin is trading at around $0.0000274, up more than 12% in the past 24 hours, at nearly $24,644, according to CoinMarket Cap. I hope this article can be helpful to you, if you have any questions please feel free to ask. #比特币符文总市值创新高
