# 🚨HIGH ALERT UPDATE🚏
🌈 Why Are Dogecoin, Shiba Inu, and Mem
Tokens does Not Rising? Technical analysis☔
After Elon Musk denied owning SHIB coin,
these meme coins are facing further decline.
Let's shed some light on the situation.
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♈While Bitcoin and Ethereum have captured
investors' attention with their performances,
meme coins like Dogecoin (DOGE) and Shiba
Inu (SHIB) have failed to meet expectations.
♓Analyzing this, Nansen analysts suggest that
meme coins have underperformed because
investors are focusing on market leaders
Bitcoin and Ethereum.
💹Speaking to The Block, Nansen analysts noted that meme coins have lagged behind BTC, ETH, and other rising altcoins during the same period.💲
📌Currently, meme coins are highly illiquid and volatile, with investor interest primarily centered on BTC and ETH.
📌Apart from meme coins, much of the cryptocurrency market still grapples with poor liquidity."
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$DOGE
$SHIB
