Dogecoin DOGE/USD And Shiba Inu SHIB/USD are trading around 3% higher in a single day, boosted by optimism in the cryptocurrency market.
| Cryptocurrency | Price | Market capitalization | 24 hour trend | 7-day trend |
| Dogecoin | $0.3923 | $57.6 billion | +2.8% | +5.3% |
| Shiba Inu | $0.00002496 | $14.7 billion | +4.2% | +3.1% |
Trader Notes: Analysts see upside potential for both major coins.
Crypto chart analyst Ali Martinez predicts a potential rally for Shiba Inu, suggesting SHIB could hit $0.00049 if it mirrors DOGE’s pattern.
Trader Javon Marks highlights SHIB’s daily chart with possible confirmation of an uptrend. A breakout target of $0.000081, or 216% above current levels, could see SHIB increased by over 200%.
For Dogecoin, Altcoin Sherpa Remarks the recent correction is not bearish, as it sees opportunities for buyers with further upside expected soon.
Crypto Amsterdam observes DOGE hovering in a mid-range phase, suggesting $1 could be on the horizon.
Meanwhile, trader Kevin predicts a DOGE breakout by Saturday.
Statistics: IntoTheBlock data shows:
- Significant transaction volume increasing for DOGE (+41.1%) and SHIB (+44.9%).
- Daily active addresses up 34.9% for DOGE and 10.7% for SHIB.
- SHIB transactions over $100,000, increasing from 332 to 399 in one day.
Shibarium activity: daily transactions increased from 4.66 million on November 20 to 4.75 million on November 21.
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