Will SHIB follow in DOGE’s footsteps? This latest data may force traders to think…

Dogecoin [DOGE]It was, for obvious reasons, a modern city, long last week. anyways, Shiba Inu [SHIB]can be considered It was overlooked compared to DOGE.

This is despite the growth in SHIB prices and their growth as well on the social front. Usually when Dogecoin can show some growth, other meme coins, like Shiba Inu Follow her path.

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Here AMBCryptos Predict the price of Shiba Inu [SHIB] For 2022-2023

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Shebaa holding a dog’s tail (wind)

There may be some truth in the above truth as it is new tweet Made by feelings It has been found that SHIB has historically followed DOGE pumps. Shiba Inu has grown by 19% in the past seven days following the Dogecoin rally.

Also, as can be seen below, some correlation was observed between both memquines. DOGE and SHIB have also seen an increase in their trading volumes over the past few days.

Source: feeling

Another indicator for Shiba InuThe potential growth could be the increasing number of daily active addresses on the network. Shiba Inu has also seen an increase in speed over the past week. An increase in speed means that the frequency with which addresses are transmitted Sheba from one address to another.

In addition, the growth of the network has also seen an increase in the number of new addresses transporting SHIBA for the first time. This means that there has been a renewed interest in Shiba Inu from new titles.

Source: feeling

Another factor that will help the Chiba show the same growth as Dogecoin is the increased interest from whales.

according to WhaleOne of the most traded tokens was Shiba Inu, as a crypto whale tracker Top 2000 ETH whales on October 28. Moreover, at the time of publication of this report, the top 5,000 picks of Ethereum have been made Sheba worth $94 million.

Shippig along the way

Despite the public perception of meme coins, Shiba Inu has also been able to collaborate with them several companies. Other than that, Shiba Inu’s continuous efforts to further develop its ecosystem through Constantly building on their Metaverse projectIt can promote its long-term growth.

This development, along with Shipburn ProjectShiba Inu can help keep up with the pace of Dogecoin. At the time of writing this report, Shiba Inu It was trading at 0.00001273 USD and was up 19.75% in the last 24 hours. It also increased in size by a staggering 125.51%.

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