Doge, Shiba Inu Consolidate Following Week's Strong Run; Another Leg-up In The Cards?

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The original meme token Doge (CRYPTO: DOGE) and its top meme competitor Shiba Inu (CRYPTO: SHIB) provided some excitement in this week's crypto market.

Shiba Inu's Record Run: The Doge killer carried over the momentum from last Sunday, when it hit a fresh all-time high of $0.000044. The meme currency retested the level during Monday's intraday session before retreating to end the day at $0.000042. Tuesday, Shiba Inu kicked into high gear and broke above the previous high, before scaling to an intraday peak of $0.000049 before settling at $0.000048.

Shina Inu soared over 80% to another all-time highs of $0.000087 on Wednesday intraday before easing to $0.000080. Buying picked up on Thursday, as the meme currency rose above the previous session's peak to $0.000088 intraday. The meme currency paused for a breather subsequently and has been consolidating the gains.

Doge Rises But Lags Its Shiba Inu Sibling: Doge, which was locked in the 23.5-26.2 cent range in the previous week, took off last Sunday. The meme currency moved out of the trading range and settled at 27.71 cents on Sunday. After a retreat over the next …

Full story available on Benzinga.com

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