The year 2022 has been one of the worst years for crypto, however since 2023 has begun it looks like the crypto market will defy bearish sentiment. Today, as Bitcoin made its comeback with a claim of $20,000, the global crypto market cap has also surged above $1 trillion for the first time since November 2022.
Meanwhile, the meme coins like Shiba Inu and Dogecoin have decided to follow the bullish crypto market trend. The meme king, Dogecoin is once again trading above $0.085 which was not seen after December 16, 2022. At the time of publication, Dogecoin is selling at $0.886 with a gain of 10.82% over the last 24hrs.
The way DOGE is increasing its price rally, it seems like the investor sentiment is positive. Amidst the uncertainty of Dogecoin being integrated into Twitter, the Dogecoin Foundation has launched a Development Fund. This fund mainly focuses on enhancing Dogecoin network helping to be one of the large cap crypto.
SHIB And DOGE On A Crucial Move
Meanwhile, Shiba Inu has strongly surged above its crucial resistance of $0.0000102 after a week-long recovery rally. Currently, Shiba Inu has managed to gain 13.59% over the last 24hrs and is now trading at $0.00001076. The much looked forward upgradation on Shiba Inu, Shabarium is one of the main reasons for SHIB’s bullish momentum. This is because Shibarium aims to reduce Shiba Inu network’s transaction fee along with SHIB burning on every Shibarium transaction. The burning mechanism will reduce the circulating supply of SHIB and in turn increase the demand for that token.
However, once Shiba Inu’s Shibarium and Dogecoin’s successful integration into Twitter is completed, both the network is expected to surge even higher. If that happens, Shiba Inu can easily make its move above $0.00001100 while Dogecoin will lead its price action above $0.0920.