.Dogecoin's Shiba Inu mascot featured as Twitter's logo caused a surge in $DOGE price, resulting in other Shiba Inu-themed meme coins to jump up to 25%. But will the surge last?
) rose up to 10%, while smaller-cap coins such as floki , kishu inu and baby dogecoin surged as much as 25%.
Such surges in price are unlikely to hold long term, however, as some traders warn that such moves don't indicate a broader trend. “Since bitcoin has been experiencing a relatively stable upward trend, meme coins’ rise would indicate the third phase, the end of the cycle. But there is no need to over-interpret such momentary price changes,” Chaumont said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jump in Shiba Inu Breed-Themed Tokens is Unsustainable, Warn Crypto TradersTokens fashioned after the Shiba Inu dog breed may see imminent selling ahead after days of outperforming the broader market, crypto traders have warned. By shauryamalwa.
Read more »
Shiba Inu's Relations With Travala Strengthened With New SHIB ProgramTravala launches special new program with Shiba Inu $SHIB, here's how to get in shibainu shib shibarmy shibarium shibaeternity shibadoge shibburn bone $bone
Read more »
Shiba Inu (SHIB) TVL Plummets by 70%, Here's Why It's Concerning$SHIB facing some liquidity problems following the outflow of funds from the meme ecosystem
Read more »
SHIB Burn Rate Plunges This Much as Less Than 100K Shiba Inu Gets Burned.SHIBburn rate plummets despite the recent Shibarium 1 million transaction milestone. $SHIB
Read more »
SHIB vs. BONE: New Shiba Inu Pair Now Available on Major ExchangeMajor crypto exchange lists new Shiba Inu token pairing featuring both $SHIB and $BONE shibainu shib shibarmy shibarium shibaeternity shibadoge shibburn bone
Read more »
After Elon Musk's Shiba Inu logo switch on Twitter, will memecoins make a comeback?The latest Distributed Ledger column from MarketWatch: a weekly look at the most important moves and news in crypto.
Read more »