{"id":2800,"date":"2021-12-25T11:15:35","date_gmt":"2021-12-25T11:15:35","guid":{"rendered":"http:\/\/egrowonline.com\/?p=2800"},"modified":"2021-12-25T11:15:35","modified_gmt":"2021-12-25T11:15:35","slug":"dogecoin-and-shiba-inu-price-rises-in-response-to-positive-investor-sentiment","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=2800","title":{"rendered":"Dogecoin and Shiba Inu price rises in response to positive investor sentiment"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>The Shiba-Inu-themed cryptocurrencies, Dogecoin and Shiba Inu have recovered from the recent drop in price.\u00a0<\/strong><\/li>\n<li><strong>Dogecoin foundation shared the Shiba-Inu-themed cryptocurrency\u2019s plan for 2022.<\/strong><\/li>\n<li><strong>Memecoins are making a comeback with the increasing interest from investors.\u00a0<\/strong><\/li>\n<li><strong>Analysts are bullish on the price of the two memecoins, alongside other altcoins in the ongoing bull run.\u00a0<\/strong><\/li>\n<\/ul>\n<p>Dogecoin and Shiba Inu prices have recovered from the crypto market crash in the first week of December 2021. The two memecoins are rallying and analysts have predicted a continuation of the uptrend.\u00a0<\/p>\n<h2 class=\"fxs_headline_medium\">Dogecoin and Shiba Inu recover from the crypto market crash and continue rally<\/h2>\n<p>The two Shiba-Inu-themed <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/terras-luna-scales-new-heights-hits-new-all-time-high-above-100-202112241840\" rel=\"noopener\">cryptocurrencies<\/a> have recovered from the price drop in the first two weeks of December. Analysts have noted that in the ongoing altcoin rally, memecoins are making a comeback.\u00a0<\/p>\n<p>The Dogecoin Foundation has revealed its plan for 2022 and elaborated on its \u201ctrailmap.\u201d This map explains the strategy that the memecoin plans to adopt in the community-driven future.<\/p>\n<p>The memecoin was bullish until May 2021 and posted 15,000% year-to-date gains. The memecoin has now made a nearly complete recovery from the price drop.\u00a0<\/p>\n<p>The foundation has proposed a \u201cGigaWallet project\u201d for widespread adoption of the memecoin. The old desktop wallet was not sufficient for Dogecoin\u2019s rising utility.\u00a0<\/p>\n<p>The announcement reads,<\/p>\n<blockquote>\n<p>Dogecoin is a community-driven, consensus-based open-source project, and its direction is formed by the many individual and organisational contributors to the various projects of the Dogecoin blockchain &amp; ecosystem.<\/p>\n<\/blockquote>\n<p>Despite dropping out of the top 10 <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/attacker-tries-to-defraud-387-million-worth-of-mirror-protocol-tokens-on-terra-202112250650\" rel=\"noopener\">cryptocurrencies<\/a> by market capitalization, over 58% of Dogecoin wallets are profitable. The Shiba-Inu-themed cryptocurrency is focused on becoming the currency of the people.\u00a0<\/p>\n<p>Pseudonymous <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/safemoon-dominates-google-searches-with-dogecoin-and-shiba-inu-ahead-of-v2-launch-202112101726\" rel=\"noopener\">cryptocurrency<\/a> analyst @army_shiba has predicted a rally in Shiba Inu once the memecoin breaks resistance at $0.00003751.\u00a0<\/p>\n<p>FXStreet analysts have evaluated Shiba Inu price trend and predicted that the token is likely to encounter heavy resistance after a 30% breakout.\u00a0<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Shiba Inu price meets heavy resistance after 30% breakout\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/7EpCrJHv_iw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-and-shiba-inu-price-rises-in-response-to-positive-investor-sentiment-202112251105\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Shiba-Inu-themed cryptocurrencies, Dogecoin and Shiba Inu have recovered from the recent drop in price.\u00a0 Dogecoin foundation shared the Shiba-Inu-themed cryptocurrency\u2019s plan for 2022. Memecoins are making a comeback with the increasing interest from investors.\u00a0 Analysts are bullish on the price of the two memecoins, alongside other altcoins in the ongoing bull run.\u00a0 Dogecoin and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[85,253,1375,1423,195,2482,1086,1691,252],"class_list":["post-2800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-dogecoin","tag-inu","tag-investor","tag-positive","tag-price","tag-response","tag-rises","tag-sentiment","tag-shiba"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/11\/dogecoin-200x200-637483778649728159_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/2800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2800"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/2800\/revisions"}],"predecessor-version":[{"id":2801,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/2800\/revisions\/2801"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/356"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2800"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}