In recent news, the cryptocurrency business as a whole seems to be booming, more especially within the meme coin sector, where Shiba Inu (SHIB) has been the main point of discussion as it signifies a certain shift in the market. Although Dogecoin (DOGE) is still one of the dominant coins in the market, the new Shiba Inu (SHIB) shows more potential growth in the short run. Simultaneously, is also an emerging project that is gaining traction and offering more options to investors. Let’s see how they perform against each other.

Shiba Inu: The Momentum Continues

Shiba Inu has been doing quite well, consistently increasing in price and, most importantly, surpassing price resistance levels. It is now seen as an appealing investment option for those looking to profit from the insatiable greed of many investors. Currently, the Shiba Inu coin exchanges for $0.0000298 with a total market cap of $17.56 billion, and the coin is expected to grow by 3.30% by January 2025, reaching $0.00002611. The technical sentiment is neutral from the indicators, while the Fear and Greed Index points to 78. In the past 30 days, Shiba Inu has had 57% green days, and the price volatility is around 9.53%, which shows active investors and new interest. The recent breakout above resistance has further deepened SHIB’s bullish momentum, making it nerve-wracking for those waiting for the next bull market. With its community-driven ecosystem and increased usage, Shiba Inu makes a strong case for beating DOGE in the near future.

Dogecoin: Continues to Be a Memorable Cryptocurrency

The very first of the meme coins, Dogecoin, continues to command a huge market share. With a current price of $0.4308 and a market capitalization of around $63.39 billion, DOGE remains a favorite among retail investors. However, trailing instances produce negative signals for January 2025, with Dogecoin losing over 7.04% in value and hitting a target of $0.343672. Nevertheless, in the last 30 days, DOGE price action has shown technical indicators signaling bullish factors 40% of the time, and in other instances, bullish factors stood at 23%, with a volatility of 10.75% amidst the increased buying volume. The DOGE market is currently affected by strong buying pressure, as evidenced by the Fear & Greed Index, which indicates extreme greed. Even though Dogecoin has strong backing and an active community to withstand the bearish market, current market prices suggest that the bearish recovery is slower than SHIB.

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