Dogecoin and Shiba Inu have been unable to keep up with the recent Bitcoin rally, but there is good news. Both cryptocurrencies have experienced a significant increase in popularity and adoption, with more businesses and individuals accepting them as payment. While they may not be growing at the same pace as Bitcoin, the future looks promising for Dogecoin and Shiba Inu. As the cryptocurrency market continues to evolve, these alternative coins may prove to be a solid investment for those seeking to diversify their portfolios.
The week began with Bitcoin, Dogecoin, and Shiba Inu all rallying, but the meme coins failed to keep up with Bitcoin’s growth pattern and underperformed compared to other altcoins. Despite Bitcoin’s double-digit gains, Dogecoin only saw a 4.4% increase, and Shiba Inu even less with a 4.3% increase. Furthermore, both coins recorded losses on the weekly chart while Bitcoin rose over 9%. However, this doesn’t mean all hope is lost for Dogecoin and Shiba Inu. Historically, altcoins tend to catch up to Bitcoin’s performance after settling, which could lead to higher rallies for the two digital assets. If this happens, DOGE could surpass $0.08 and SHIB could reclaim the 14th spot on the largest cryptocurrencies list. At the time of writing, DOGE is trading at $0.072, while SHIB trends at $0.00001105. Follow Best Owie on Twitter for market insights and updates.