Shiba Inu, Dogwifhat Post Double-Digit Gains As Memecoins Shrug Off Dips In Bitcoin, Ethereum: What's Going On?
Portfolio Pulse from Aniket Verma
Memecoins like Shiba Inu and dogwifhat posted double-digit gains despite dips in major cryptocurrencies like Bitcoin and Ethereum. Shiba Inu's rise is partly due to an upcoming airdrop in the Shibarium ecosystem.
May 29, 2024 | 2:52 am
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POSITIVE IMPACT
Shiba Inu saw a significant price increase, driven by an upcoming airdrop in the Shibarium ecosystem. Trading volume surged 70% in the last 24 hours.
The upcoming airdrop in the Shibarium ecosystem is likely to drive further interest and investment in Shiba Inu, boosting its price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Dogwifhat emerged as the market's third-largest gainer, reaching a six-week high. Trading volume increased by 40% in the last 24 hours.
The significant increase in trading volume and price indicates strong market interest, likely driving further short-term gains.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100