Can This Sleeping Giant Memecoin Overtake Dogecoin and Shiba Inu?
Disclaimer: The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com.
Dogecoin and Shiba Inu, two well-known meme coins, are on a tear, with over 123% and 25% gains in the last seven days, respectively. Simultaneously, Tamadoge, a meme coin that has been in the spotlight for some time now, has risen nearly 30% in the last seven days; can this sleeping giant meme coin overtake Dogecoin and Shiba Inu?
Let's find out!
Dogecoin's current price is $0.13996, with a 24-hour trading volume of $7.7 million. Dogecoin has increased by over 11% in the previous 24 hours. CoinMarketCap now ranks #8 with a live market cap of $18.5.
An image of a Shiba Inu released by Musk revived the "Elon Musk Effect," sending the price of Dogecoin shooting up by 12% almost instantly.
Dogecoin's price rose last week as word spread of progress on the Twitter partnership. As a result, the value of the meme currency surpassed that of Cardano. Dogecoin has increased in value by 170% from October 22nd, with today's top price of $0.1579 representing a 27-week high.
There have been whispers that Dogecoin will play a role in Musk's ambitions for Twitter as he works to make his vision a reality.
According to Santiment, Elon Musk is pushing the boundaries of his power and undoubtedly having a blast with his new toy, Twitter. It has been a long time since one of his tweets caused DOGE to spike by 10–20% in a matter of minutes, but that moment has come once again.
This reaction, however, was expected, but the point of concern is the uncertainty about when this bullish rally will end.
The current Shiba Inu price is $0.000013, and the 24-hour trading volume is $958 million. Shiba Inu has
Read more on cryptonews.com
