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Dogecoin and Shiba Inu – the top gainers of the weekend

The Dogecoin course and the Shiba Inu (SHIB) course achieved a strong performance over the weekend.

Over the weekend, the Bitcoin price rose to over USD 45,000 and the Altcoins Dogecoin and Shiba Inu benefited greatly from the bullish market sentiment. The Bitcoin price has risen to its highest level in three months, reaching a daily high of 45,300 USD on Sunday.

In addition, the Ethereum price has also risen almost to its highest level in three months. On Sunday, the Ethereum price reached its last high at USD 3,195. Total crypto market cap has grown to $ 1.8 trillion.

The Dogecoin course and the SHIB course recorded double-digit growth over the weekend.

The Dogecoin price reached its last all-time high at USD 0.74 on May 8, 2021. Then there was a longer, turbulent correction phase. After that, the Dogecoin price bounced off the support level at 0.15 USD.

The DOGE price rose 43% between Friday ($ 0.198) and Sunday ($ 0.287) after bouncing off the resistance level at $ 0.16 on July 20, 2021. At the time of publication, the DOGE price is 0.25 USD and the SHIB price is 0.00000773 USD.

SHIB price follows Dogecoin price

Over the weekend, the SHIB course followed the DOGE course. The SHIB price has also risen sharply since Friday. The SHIB price was still at USD 0.00000613 on Friday and then reached the last high point at USD 0.00000888 on Sunday. The SHIB price has risen by 45% in this period. That is only 2% less than the increase in the Dogecoin price.

This time the Tesla CEO Elon Musk had no influence on the development of the Dogecoin course. Recently, Elon Musk posted a profile picture of himself on Twitter showing the Dogecoin logo on his sunglasses. After that, the Dogecoin price increased by 20%. However, the Dogecoin price now seems to be growing even without the support of the Dogecoin fan.

A picture from BeInCrypto

Translated by Maximilian M.

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Hasan Sheikh
Hasan, who loves technology and games, is studying Computer Engineering at Delhi JNU. He has been writing technology news since 2016.


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