Dogecoin (DOGE), Shiba Inu (SHIB) Show Strength, Here's Why

Dogecoin (DOGE) and Shiba Inu (SHIB) prices are showing strength despite the recent market-wide correction. On-chain analysis suggests a growing interest in coins as the number of unique addresses accumulating DOGE and SHIB are rising.

Timeline of Dogecoin, Shiba-inu

Merchants using leading cryptocurrency firm Coinbase for their commerce solutions can now accepts payments in a wider number of digital currencies, including meme-inspired tokens Shiba Inu ($SHIB) and Dogecoin ($DOGE). In a new announcement Coinbase Commerce, a division of the Nasdaq-listed exchange Coinbase Global, reveled that as part of its goal to bring together consumers

This week the crypto market witnessed another wave of selling pressure, undermining the recovery rally it experienced last week. As a result, the Shiba Inu (SHIB) price turned down from the $0.000012 resistance on June 26th.

Shiba Inu (SHIB) may not have been taken seriously as a crypto asset when it was first introduced, but the meme coin has steadily climbed the cryptocurrency rankings. The newest signals of relief in the crypto markets following a protracted volatility may come as a surprise to many, but the most intriguing aspect of this rebound is that meme tokens have emerged as the largest gainers.

Musk unveiled the reason why he actively supports dogecoin in an interview with Bloomberg He further stated that the reason why he supports Dogecoin is because of SpaceX and Tesla factory workers The internet's “Dogefather” has finally unveiled the reason why he continues to support Dogecoin despite all odds. In a recent interview with Bloomberg, Elon Musk disclosed intricate details on why he actively supports and endorses Dogecoin.

Unification Foundation, the team of developers behind Shiba Inu's [SHIB] Layer 2 solution, Shibarium, announced on 24 June that a public beta is planned for deployment in the third quarter of 2022. Through a proposal published on 19 June, the Shiba Inu ecosystem asked community members to vote on whether or not to halt further

Billionaire Elon Musk is one of the most vocal supporters of Dogecoin. Using his platform and notoriety, Musk had been one of the major factors behind the run-up to $0.70 for DOGE in early 2021 before it began to decline.

Popular cryptocurrency exchange Crypto.com has removed 15 cryptocurrencies from its Crypto Earn rewards program, including leading meme-inspired cryptocurrencies like Dogecoin ($DOGE) and Shiba Inu ($SHIB). The platform announced the removal of these 15 cryptocurrencies along with the inclusion of three new cryptocurrencies: Zilliqa ($ZIL), Fantom (4FTM), and $NEAR, which allow for rewards rates of up

Dogecoin (CRYPTO: DOGE) was trading almost 5% lower at one point during Tuesday's 24-hour trading session after failing to regain the 50-day simple moving average on Sunday and Monday, which enticed sellers into the crypto. The retracement lower has settled Dogecoin into a possible bull flag pattern, although the formation is imperfect because of the gradually sloping pole.

Dogecoin (CRYPTO: DOGE) dropped 7.6% to $0.07 over 24 hours leading up to early Tuesday. DOGE dropped along with other major coins as the global cryptocurrency market cap decreased 2% to $932.9 billion.

Dogecoin price analysis is bullish today as we expect the current retrace to have ended after a drop to the $0.07 previous support. Likely DOGE/USD will continue even higher from there and look to break the previous local high at $0.078 and continue towards the next major resistance at $0.0875.