Why Dogecoin and Shiba Inu Prices Pump Signals Meme Coins Are Back - Time to Buy?
Dogecoin and Shiba Inu prices have been on a rollercoaster ride lately, with prices skyrocketing in a matter of days. This is an indication that meme coins are back in the limelight and investors are taking notice. The recent pump in Dogecoin and Shiba Inu prices signals that meme coins are gaining traction once again.
These coins offer investors the chance to capitalize on their favorite memes and trends, providing an alternative to traditional investments. With more people becoming familiar with cryptocurrencies, meme coins have become increasingly popular as they offer a way to make money while having fun at the same time.
The recent surge in Dogecoin and Shiba Inu prices shows that investors are excited about these new opportunities, indicating that meme coins may be here to stay for the long haul.
According to WhaleStats, the leading wallet tracker for cryptocurrencies, significant whales have started investing in Dogecoin on Binance Smart Chain once again. Dogecoin is the largest meme coin by market capitalization and the original.
The aforementioned portal recently tweeted that Dogecoin has been among the top 10 tokens sought after by BSC whales over the past 24 hours.
In the past few days, DOGE has experienced a significant surge in its price, rising from $0.08022 to $0.09160. This 14.20% growth, however, was almost completely reversed due to recent events. Nevertheless, the original meme-based cryptocurrency has still managed to increase in value by 22% within the past six days.
The price of DOGE, just like other altcoins, has seen an increase due to the surge in prices of Bitcoin over the past few days. It was able to almost reach $22,000 which is a remarkable feat for any cryptocurrency.
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