big crypto player: Shiba Inu e Dogecoin
Memecoins are taking the spotlight in the crypto world, with Shiba Inu and Dogecoin experiencing good times despite Musk’s tweets.
Analysis of Crypto Assets Shiba Inu (SHIB) and Dogecoin (DOGE)
On the one hand, Shibarium, while on the other, Musk’s tweets give increasing direction to Shiba Inu Coin and Dogecoin, the “dog” crypt.
Shiba Inu (SHIB)
Shibarium, a Tier 2 derivative of Shiba Inu Coin, is expected to launch this month, with investors jittery in the last week for the launch.
Both SHIB and BONE, the two symbols affected by the launch of the news so important to the Shiba Inu, can benefit greatly.
Analysts agree that there could be an increase in value after the launch, and this is also supported by the interest that is created.
1.2 million people have at least a minimum number of SHIB in their wallets, and this represents a record.
Never have so many investors decided to diversify as much as having Shiba Inu in their portfolio.
Shibarium is simply a Layer 2 that is already quite well-known in its peculiarities, and which, according to the most cautious analysts, will benefit SHIB.
In fact, according to the most knowledgeable among industry insiders, the launch of Shibarium will contribute to a large growth of memecoin.
The imminent rise in value is evidenced, but not only, by the movements of the so-called whales.
Hvaler buys large quantities of Shiba Inu in anticipation of the launch of Mynten’s new upgrade.
Usually, big buys by big investors of a given crypto near an upgrade always precede big results.
Today, SHIB’s price continues to rise 3.82% with a volume of €287 billion.
Shiba Inu’s market capitalization places it in the 20 highest listed currencies.
While waiting for Shibarium, players hoard SHIB, which is worth €0.00001269 today.
Dogecoin (DOGE)
Elon Musk’s tweets and various speeches over several years have greatly influenced the two most popular dog-themed cryptocurrencies, DOGE (Dogecoin) and SHIB (Shiba Inu Coin).
Recently, Dogecoin has decided to change its top management, resulting in yet another stunt by the histrionic founder.
Musk posted a photo of a dog’s muzzle hinting at the fact that the new CEO will indeed be a small dog.
Of course, the reactions were not long in coming, the memecoin immediately increased by 5.28%, as was easily expected.
Immediately after the tweet, Dogecoin co-founder Billy Markus also expressed the idea that a change at the top would not be bad using self-irony.
As of today, DOGE’s value is rising by 1.31%, while far more decisive was the run in the last week which saw it increase by 7.13%.
Today, Dogecoin is worth €0.0822, but the digital currency may soon fly again.
Although the all-time high of €0.69 is a highly unlikely target, the currency is preparing for a rise in value.
There are still doubts and are related to the function Dogecoin can have in this major reorganization of the social network Twitter.
The crypto touted by Musk as Twitter’s official currency could see a big price change if the feature is confirmed.
Otherwise, if DOGE loses its role, it may plunge back into the abyss.
Musk’s longtime effort to review spending on the social network could also affect DOGE.
If it does not, it can be greatly appreciated once his stability at the helm as a bargaining chip is established.
