After lagging behind the crypto market in recent days, major meme coins Dogecoin and Shiba Inu surged on Thursday, each gaining more than 10% in 24 hours, while Bitcoin gained just 2.4%.
With Dogecoin’s one-week performance of 24% and Shiba Inu’s one-week performance of 21%, this interesting cryptocurrency is currently outperforming Bitcoin over this period.
On the other hand, it is not possible to determine the specific catalysts that explain this increase in advance. On the other hand, we can also assume that, given the continued rise of cryptocurrencies, despite the setbacks suffered by other asset classes, crypto investors are now daring to take more risks in more speculative cryptocurrencies such as Dogecoin and Shiba Inu
With Dogecoin’s one-week performance of 24% and Shiba Inu’s one-week performance of 21%, this interesting cryptocurrency is currently outperforming Bitcoin over this period.
On the other hand, it is not possible to determine the specific catalysts that explain this increase in advance. On the other hand, we can also assume that, given the continued rise of cryptocurrencies, despite the setbacks suffered by other asset classes, crypto investors are now daring to take more risks in more speculative cryptocurrencies such as Dogecoin and Shiba Inu