Dogecoin And Shiba Inu Gain, Crypto Behemoths In The ‘Red’ (2024)

Dogecoin And Shiba Inu Gain, Crypto Behemoths In The ‘Red’ (1)

Dogecoin And Shiba Inu Gain

Linda Lopez 16/08/2022 Cryptocurrency News, Meme Coin News Leave a comment 67 Views

The King of meme coins and its killer both are in the ‘green’ today. Dogecoin (DOGE) and Shiba Inu (SHIB) saw a notable increase today amid a confused market trend since the crypto giants, Bitcoin (BTC) and Ethereum (ETH) were in the red along with several other cryptos. However, Dogecoin and Shiba Inu managed to go in the other direction due to the fact that their weekend gains extended into the week.

What Are Dogecoin And Shiba Inu?

Dogecoin is the first ever meme coin to be launched and is based on the dog-faced theme. The Dogecoin value had earlier skyrocketed from about $0.0002 to $0.75, which many potential investors missed. However, they later realized the true potential of it and began acquiring it before other meme coins even entered the domain and the Dogecoin market cap saw a spurt then.

The leading crypto price-tracking website, CoinMarketCap defines DOGE as a crypto that is:

“Based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.”

Shiba Inu is referred to as the Doge-Killer by the developers of this token. The crypto was first listed on ShibaSwap, a DEX that was indigenous to the ones who launched this token. The meme coin was introduced in August 2020, where it gained immense popularity and took a step ahead toward its spree to outperform DOGE in every respect. Shiba Inu coin future was estimated to do wonders at that point in time.

The CoinMarketCap website mentions that the SHIB token:

“Aims to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.”

DOGE And SHIB Performance Today

The Dogecoin value was up by 13.35% and traded at $0.08562 at the time of writing on Tuesday, August 16, 2022. The Dogecoin market cap stood at $10.86 billion, up by 7.74%. However, the 24-hour trade volume saw a plunge of 30.17% and was at $1.03 billion. The drop in volume was due to the fact that its demand had grown during the weekend as the volume surpassed $1.5 billion on August 14, 2022. The decline in trade volume was seen in the case of both Dogecoin and Shiba Inu (discussed below).

Shiba Inu coin future expectations can be upscaled seeing its recent performance as it trends at number 1 on CoinMarketCap’s trending list. The SHIB token was up by 4.70% and traded at $0.00001632 at the time of reporting on Tuesday, August 16, 2022. The market valuation of the crypto stood at $8.9 billion, up by 3.96%. However, in line with DOGE, the 24-hour trade volume of SHIB tumbled by 60.12% and was at $1.56 billion. Shiba Inu coin prediction at the maximum is set at $0.00005170 by experts in the cryptocurrency industry currently.

As Dogecoin and Shiba Inu gained, BTC and ETH lost 0.15% and 1.09%, respectively.

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When it comes to writing about Altcoins, Altcoin news, and Altcoin mining, nobody is better than Linda Lopez. Her broad knowledge of every aspect of Altcoins will surely make you stick to her articles.

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Dogecoin And Shiba Inu Gain, Crypto Behemoths In The ‘Red’ (2024)

FAQs

What would make Dogecoin skyrocket? ›

Dogecoin (DOGE) surged to its highest since December 2021 on Thursday amid bullish sentiment and speculation about the use of the dog-themed meme coin on the social-media platform X.

How high can Shiba Inu go in 2024? ›

Shiba Inu Price Prediction October 2024

Prices could stay steady but above the support level, setting a good base for going up. By the end of the month, SHIB's price by rebound slightly and is expected to trade between $0.000082 and $0.000084, trading near its all-time high.

Why are Shiba and DOGE going up? ›

The spike in meme coins in recent days likely has nothing to do with the coins themselves. Instead, the spike in Doge and Shiba Inu likely has a lot to do with Bitcoin and, to a lesser extent, perhaps, Elon Musk.

Will Dogecoin reach $1? ›

There is a clear path for Dogecoin to rise sixfold to get to $1 per coin. All it has to do is make progress toward greater adoption in the way Bitcoin has. That might give Dogecoin bulls reason to be optimistic, but we have to try and assess the probability of this actually happening.

Will Dogecoin make millionaires? ›

Holding 10,000 Dogecoin Could Make You A Millionaire, Predicts Crypto Analyst. Since 2021, Dogecoin (DOGE) has consistently been one of the largest cryptocurrencies in the market. The token has attracted tens of billions in investment and is up more than 27,000% since its launch.

How much will DOGE be worth in 2025? ›

$ 0.156405

Can Shiba Inu live 20 years? ›

Shiba Inus are, overall, a very healthy breed with an average lifespan of 13–16 years. But, as with all dogs, there are a few health issues to be on the lookout for.

What will be the price of 1 dogecoin in 2030? ›

Therefore, our Dogecoin price prediction forecasts potential highs of $1.16, potential lows of $0.25, and an average expected price of $0.705 by the end of 2030.

How much will Shiba Inu be worth in 5 years? ›

Shiba Inu (SHIB) Price Prediction 2030
YearPrice
2025$ 0.000026
2026$ 0.000027
2027$ 0.000029
2030$ 0.000033
1 more row

Which crypto will explode in 2024? ›

Cryptocurrency Analyst

This article will introduce five top cryptocurrencies that are tipped to explode in 2024: Pikamoon, Solana, The Graph, Sei, and Cosmos. Diving deeper, we'll explore the factors that may contribute to their explosive growth, analyse market trends and insights, and examine investment strategies.

Which crypto will boom in 2024? ›

Top 10 Cryptos in 2024
CoinMarket CapitalizationCurrent Price
Dogecoin (DOGE)$23.8 Billion$0.1653
Tron (TRX)$10.1 Billion$0.1152
Polkadot (DOT)$10.2 Billion$7.12
Cosmos (ATOM)$3.4 Billion$8.64
6 more rows
Apr 15, 2024

Should I hold or sell my Dogecoin? ›

The Dogecoin cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock.

Can DOGE reach $20 dollars? ›

If 1. Doge is accepted as a form of payment in retail businesses, it can reach $10 and beyond, making it the third best cryptocurrency in the world. 2.

Where will Dogecoin be in 5 years? ›

According to the latest long-term forecast, Dogecoin price will hit $0.3 by the end of 2024 and then $0.5 by the end of 2025. Dogecoin will rise to $0.7 within the year of 2028 and $1 in 2033.

How high can Dogecoin go realistically? ›

With a potential surge, DOGE price may achieve its $1 mark by 2029, with a potential high of $1.19 for the year.

What will Dogecoin peak at? ›

CoinMarketCap analysts expect Dogecoin to remain a major player in the cryptocurrency market for years to come and foresee that its price could reach up to $4,423 by 2050. According to CoinCodex analysts, the DOGE price would be $1.61 in 2050, assuming the S&P 500's average yearly growth rate of 11.8%.

What's the highest Dogecoin can go? ›

Dogecoin has seen around 96% growth in the past year, and analysts expect it to reach a maximum of $182.07 by 2050.

What will be the price of 1 Dogecoin in 2030? ›

Ambcrypto.com predicts that Dogecoin could reach $0.34 to $0.52 by 2030. While opinions may differ, it is clear that the meme coin has garnered substantial attention and support.

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