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Rises Started in Dogecoin (DOGE) and SHIB!
The weekend started in the cryptocurrency industry. Although not all crypto-assets had a move as of the weekend, meme coins have been on the rise. Dogecoin and Shiba Inu, the leaders of joke tokens, have moved as of today.
DOGE and SHIB, which exhibited upward movements in the last minutes, attracted the attention of investors. Although the rises have not reached huge levels for now, the fact that DOGE left the market and made a 10 percent jump draws the attention of the industry.
As of this morning, Dogecoin (DOGE) has jumped 10 percent, while Shiba Inu (SHIB) has gained 7 percent. PEPE and FLOKI did not experience a significant increase.
As of now, there is no particular reason for the market DOGE and SHIB to rise. Although some investors have made claims such as “Elon Musk will make the payment for the view on Twitter with DOGE”, these claims do not have any validity for now.
The main reason for the rises experienced is the historical market cycle in the crypto market. In this market, dog-themed joke tokens are moving after the bullish periods XRP.
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