Chain News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage Dogecoin (DOGE) has been among the largest gainers over the past week. The meme coin has reported weekly gains of over 110%. In the last 24 hours, DOGE has gained by 6.7%, trading at $0.136 at the time of writing. Dogecoin price analysis DOGE has been outperforming the broader market in the last week. The explosive gains made by the meme coin have enabled its market cap to flip Solana and Cardano. DOGE is now the eighth largest cryptocurrency with over in $18.63 billion market capitalization. The gains have allowed DOGE to recover some of its yearly losses, which is currently down 49% year-to-date. If the buying pressure is sustained, DOGE could likely rally to $0.20 before targeting $0.45. The technical indicators currently point to DOGE being in a bearish trend. The Relative Strength Index (RSI) at 37 points to DOGE leaning to the oversold side, which could be attributed to short-term traders taking p...

Join Our Telegram channel to stay up to date on breaking news coverage Shiba Inu, a popular clone of Dogecoin that managed to surpass the original memecoin last year, is once again seeing growth. The token skyrocketed by 17% earlier today , October 29th, potentially for several reasons. In fact, most of the memecoins have surged this week, likely due to Elon Musk’s recent completion of the Twitter purchase. SHIB leads the memecoins’ rise to the moon It is no secret that Dogecoin is Elon Musk’s favorite cryptocurrency. The billionaire entrepreneur and new Twitter owner said so himself multiple times, and each tweet that mentioned DOGE or memecoins, in general, typically sent their prices to the moon. Musk has always been the most vocal on Twitter, and now that he officially purchased the platform and “moved in,” all with a sink in his hand to symbolize the done deal, the memecoins are once again skyrocketing. Shiba Inu went up by 17% in less than 2...