Shiba Inu Might Follow Dogecoin’s Rally Trail, Says Analysts
Dogecoin has lost market relevance in the past few months, but it has recently begun to gain traction. The news of Elon Musk acquiring Twitter has started a positive rally for DOGE, and the token gained over 92.24% in price in the last seven days. The rise in price is considerably higher than the other top cryptocurrencies in the market. Starting out as mere meme coins , Dogecoin and Shiba Inu have gained traction over time. Even though DOGE displayed a great show, SHIB fell behind with only 18% gains in the last seven days. However, analysts at Santiment suggest that Shiba Inu could be silently following the meme coin-leader DOGE. Shiba Inu has historically followed DOGE pumps Santiment suggests that due to its strength in its BTC pair, SHIB is gaining some momentum. Charts also reveal that there is a steep rise in volume for SHIB/BTC. “Whatever side of the fence you’re on with meme coins like DOGE and SHIB, there is no denying that they have had their pump...