Bitcoin Rebounds to $22k, Triggering Recovery of Shiba Inu (SHIB) and Dogecoin (DOGE) Prices
Meme cryptocurrencies, including Shiba Inu and Dogecoin, have seen a gain of 3.02% in the last 24 hours, taking the market cap up to $16.38bn USD with a trading volume increase of 73.13%. The Shiba Inu army has been burning a large number of SHIB tokens since the start of the year, leading to an increase in price in the past months. The release of Shibarium, which became live on 11 March 2023, is supposed to unleash Shiba Inu which has contributed to a 2.6% hike in SHIB token price. Similarly, Floki, which falls in the Shiba Inu ecosystem, has risen by 7.46% and was recently listed on India’s biggest crypto exchange, WazirX. Dogecoin, the largest meme cryptocurrency, has increased by 3.95%, and Dogelon Mars (ELON) has risen by 8.29%. Despite two major crypto-related bank collapses last week, Bitcoin and other altcoins are seeing a jump in the market. Investors are showing interest in the meme cryptocurrency market as it continues to grow. However, the presented content may include the personal opinion of the author and is subject to market conditions. Therefore, investors are encouraged to conduct their own market research before investing in cryptocurrencies.
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