Dogecoin Rallied 4.5%, 'Dogecoin Killer' Shiba Inu 8%: What Is Going On?
Portfolio Pulse from Khyathi Dalal
Dogecoin and Shiba Inu have seen price increases of 4.5% and 8% respectively, following a 50-basis point interest rate cut. Traders predict bullish momentum for these cryptocurrencies, with significant price targets set for both. Dogecoin is nearing a golden cross, while Shiba Inu has seen a decrease in whale transactions.
September 19, 2024 | 12:32 pm
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Dogecoin's price increased by 4.5% following an interest rate cut. Traders predict a bullish momentum with potential price targets up to $3.80. A golden cross is expected soon, indicating a possible strong upward trend.
The interest rate cut has led to a positive sentiment in the crypto market, boosting Dogecoin's price. The anticipation of a golden cross and bullish predictions from traders suggest a strong potential for further price increases.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Shiba Inu's price surged by 8% after an interest rate cut. Despite a decrease in whale transactions, traders predict a 470% bullish run with a target price of $0.000081.
The interest rate cut has positively impacted Shiba Inu's price. Despite a drop in whale transactions, the market sentiment remains bullish with significant price targets set by traders.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90