Shiba Inu Barks Louder Than Dogecoin With 8% Weekly Jump: How Many Tokens Can You Buy For $1 Now?
Portfolio Pulse from Mehab Qureshi
Shiba Inu (CRYPTO: SHIB) has outperformed Dogecoin (CRYPTO: DOGE) with an 8% weekly jump, following the unveiling of an upcoming product line called 'Shibacals: Authenticated Collectibles' by SHIB lead developer Shytoshi Kusama. Shibacals will use near-field communication chips to link physical items to their digital counterparts.
June 26, 2023 | 4:39 am
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NEUTRAL IMPACT
Shiba Inu outperforms Dogecoin with an 8% weekly jump, while Dogecoin gained 6% over the past week.
Although Shiba Inu has outperformed Dogecoin in the past week, the difference in performance is not significant enough to suggest a strong short-term impact on Dogecoin's price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Shiba Inu's 8% weekly jump follows the unveiling of an upcoming product line called 'Shibacals: Authenticated Collectibles' by SHIB lead developer Shytoshi Kusama.
The unveiling of the 'Shibacals: Authenticated Collectibles' product line by Shiba Inu's lead developer has likely contributed to the 8% weekly jump in SHIB's price. This positive news could continue to drive short-term gains for the cryptocurrency.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100