The debate about which of the two coins, Dogecoin (DOGE) or Shiba Inu (SHIB), may take charge in the next bull run has just begun. These tokens surged in value, capturing the interest of crypto enthusiasts worldwide. But as the crypto market gears up for the next bullish trend, the battle for supremacy between Dogecoin and Shiba Inu intensifies.
Dogecoin (DOGE): Rallies Amid Whales’ Activity and Lunar Plans
Dogecoin (DOGE), originating from the famed “Doge”, rose to prominence due to its fun-loving community and celebrity endorsements. Recently, Dogecoin’s price has experienced a slight dip of 6.75% on the seven-day chart – holding at the $0.77 level. However, it has displayed great resilience when looking at the monthly charts. It is still up an impressive 16.91% in the last 30 days.
Furthermore, recent data from Ali Martinez signals an upsurge in Dogecoin transactions, surpassing 100,000 in the last month, setting consistent new records. This surge suggests a rising interest in Dogecoin among institutional investors and significant holders, hinting at a potential impending price surge. Adding to this excitement, Dogecoin revealed that Astrobotic has announced plans to transport a physical representation of DOGE to the moon as part of the DHL Moonbox mission.
These developments have fueled bullish sentiments around Dogecoin’s future trajectory. Analysts are optimistic, with 19 out of the last 30 days registering green gains and its value rising from $0.06 to $0.07.
Their Dogecoin price predictions forecast a target price of $0.09 by December 2023. This combined momentum from institutional interest and moon aspirations might propel Dogecoin into a promising position for the next bull run.
Shiba Inu (SHIB): Growing Milestones and New Partnerships
Shiba Inu (SHIB), often dubbed the “Dogecoin killer,” emerges as a fierce competitor with an ambitious ecosystem. The Shiba Inu price has also taken a hit this week, dropping 5,59% and currently trading around $0.0000082. Nevertheless, it has remained strong as its value jumped by 10.55% in the past 30 days.
Not only that, Shiba Inu’s L2 blockchain, Shibarium, continues to mark significant achievements following its official launch in August 2023. According to recent ShibariumScan data, the network has surpassed 4M transactions demonstrating the increasing user activity and adoption trends.
Furthermore, BitTrade has extended its offering to include Shiba Inu, thus reflecting an increased acceptance and integration of SHIB in the crypto lending industry.
Trading above its 21-day EMA, Shiba Inu is showing stability within its market performance. Due to all these factors, experts have made a bullish Shiba Inu price prediction. They foresee it surging to $0.000010 before 2023. With these expectations and the platform consistently hitting milestones, Shiba Inu appears poised for a potential bullish run.
A Fusion of Entertainment and Profits
While Dogecoin and Shiba Inu continue to compete, Meme Moguls (MGLS) emerges as a promising contender. Meme Moguls stands out from these giants as the world’s first meme-backed stock market.
The platform’s distinctiveness in the crypto space and its ability to use meme-driven trends hint at substantial growth, making Meme Moguls an intriguing token to consider adding to one’s portfolio.