Dogecoin (DOGE) and Shiba Inu (SHIB) prices have gone up over the past 24 hours. As a result, it's a positive sign for all cryptocurrencies.
This comes amid Bitcoin’s recent rally that send other altcoins up as well.
Data from CoinGecko shows that Dogecoin has gone from $0.2 to $0.26 during the time. As a matter of fact, it is up by 24.1%. Further, DOGE is still bullish at the time of writing. So, the price the memecoin might keep surging.
On the other hand, Shiba Inu price also surged. Over the last 24 hours, the crypto has gone from $0.00000638 to $0.00000888. This means that SHIB has gone up by 24.6% and continues to show bullish signs, according to CoinMarketCap.
In addition, when it comes to the market cap, Dogecoin is 7th with a market cap of $34,208,873,516. However, Shiba Inu is 35th with a market cap of $4,022,497,642.
this amazing performance, both cryptos have a very active user base (Doge army and Shiba army). Specifically, Dogecoin’s community is driven by wanting to do good in the world, the community managed to donate millions to humanitarian projects. As a result result, Dogecoin is 'the Peoples coin'. The cryptocurrency for the average citizen.
Likewise, Shiba Inu also falls along these lines. Both cryptos have got active support from both the vast crypto community as well as from notable crypto enthusiasts in the industry.