Meme Coins DOGE and SHIB Give Back Some Gains After Musk But Here’s One to Watch
Join Our Telegram channel to stay up to date on breaking news coverage Meme coins have made significant gains over the past week. However, the rally is now cooling off as the broader market reacts to the Fed’s decision to raise interest rates by 75 basis points. However, the broader market cap italization is still above $1 trillion despite the announcement. DOGE and SHIB prices correct after rally Dogecoin has dropped 5% in the last 24 hours, and it was trading at $0.133 at the time of writing. DOGE is still up by 83% over the past week. If DOGE continues correcting, it will likely drop to the lower support at $0.11 in the short term. However, selling pressure might not be too high as holders still wait for a rally to $1 if Elon Musk announced DOGE payments would be accepted on Twitter. Shiba Inu (SHIB) is trading in the red today after dropping by 3.4% in the past 24 hours. SHIB is still up by more than 12% in the past week. The second-largest meme coin has benefited fr...