With their outstanding development potential, top altcoins like Shiba Inu (SHIB) and Dogecoin (DOGE) have drawn the interest of crypto investors; but, a new player is developing that might outperform both of them.
Though Shiba Inu (SHIB) exhibits a positive trend despite recent consolidation and Dogecoin (DOGE) is still a fan favorite despite fluctuations
Shiba Inu’s (SHIB) Bullish Trend Faces Competition
Despite a recent 8% decline, the Shiba Inu price has shown notable consolidation over the past month trading between $0.000034 and $0.000022. Investors have taken notice of the altcoin since the Shiba Inu price has seen a more than 15% rise throughout the past thirty days.
Though there is hope for a further price surge, the Shiba Inu price chart displays a declining triangular pattern indicating some consolidation. Higher highs and higher lows on the annual Shiba Inu price chart, however, point to a positive trend suggesting the altcoin might keep climbing in the coming months.
Though it faces competition from new participants in the market, analysts estimate Shiba Inu (SHIB) might even wipe a zero in this bull run. Although Shiba Inu (SHIB) has great potential, its market capitalization of more than $16 billion would restrict its possibilities for explosive expansion.
Dogecoin (DOGE) Witnesses Notable Consolidation
The Dogecoin price has been ranging within a band of $0.49 to $0.36 during the past week. The recent 6% weekly decline of the Dogecoin price has not affected the bullish public opinion about the altcoin; many investors still anticipate a future increase. The Dogecoin price chart shows bullish patterns even during prolonged consolidation over the past month.
Analysts are hopeful; many believe Dogecoin (DOGE) may reach its all-time high (ATH) of $0.737 by 2025. Buy signals on the Dogecoin price chart from the MACD and Moving Averages strengthen this favorable view and support the conviction that the altcoin is likely to show a notable increase shortly.
Though Dogecoin (DOGE) has promise and is one of the top altcoins on investors’ portfolios, smart investors are focusing more
