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Memecoins Boom: Dogecoin (DOGE) and Shiba Inu (SHIB) Lead the Crypto Market

Sep 17, 2024
  1. Shiba Inu (SHIB) Soars 8.8%
  2. Expert’s Forecast For Dogecoin (DOGE)
  3. DTX Exchange Attracts Investor Attention

Memecoins are once again in the spotlight due to their steady growth amid the overall rise in the crypto market, following the BTC price movements. Dogecoin (DOGE) and Shiba Inu (SHIB) are showing significant gains, backed by bullish predictions from top-tier analysts.

Shiba Inu (SHIB) Soars 8.8%

Shiba Inu (SHIB) has broken above key resistance levels towards a point where bulls can significantly dominate and make new highs possible. The Shiba Inu (SHIB) price has gained 3.8% in the last 24 hours after breaking past the Falling Wedge pattern, indicating a bullish continuation of its positive price trend. A notable crypto analyst, Javon Marks, has predicted a bullish trendline for Shiba Inu (SHIB) in the upcoming weeks above the $0.00005 level. With its technicals improving and whales moving to acquire bags of Shiba Inu (SHIB) tokens, the bullish trend might find immediate support above the $0.0000160 level with strong upward potential.

Expert’s Forecast For Dogecoin (DOGE)

Dogecoin (DOGE), a prominent memecoin, shows signs of mirroring its historical parabolic surge as a top-tier analyst highlights that DOGE is entering its third cycle. This price trend signals a parabolic price surge for Dogecoin (DOGE) as the meme coin's community shows massive excitement after the recent hype fueled by Elon Musk’s joke on his X account. Dogecoin (DOGE) has surpassed the $0.1 threshold and continues to rally toward upper support levels after rising 15.6% on the weekly chart. With a classic falling wedge pattern located by analysts, bullish predictions pose the Dogecoin (DOGE) price rally at the horizon with a strong potential to find solid support at the $0.2 mark.

DTX Exchange Attracts Investor Attention

Despite the bullish trendline of Shiba Inu (SHIB) and Dogecoin (DOGE) amid the improving altcoin market, savvy investors are favouring the utility tokenomics of DTX Exchange (DTX) as the next moonshot, promising potential significant gains. DTX Exchange has emerged as a major alternative for investors seeking sustainable growth prospects and the ability to yield long-term gains. Moreover, DTX Exchange tokens hold a competitive edge over memecoins with their deflationary tokenomics and extensive use cases in the ecosystem. DTX Exchange has raised a massive $2.6 million in stage 3 of the presale, showing significant strength and bullish potential up ahead.

Memecoins continue to draw attention from investors and analysts due to their dynamic nature and growth potential. Dogecoin (DOGE) and Shiba Inu (SHIB) exhibit significant progress, while other projects like DTX Exchange show long-term growth prospects and attractiveness to investors.

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