DOGE days of summer: Shiba Inu gains 40% on Dogecoin two months after record ...

DOGE days of summer: Shiba Inu gains 40% on Dogecoin two months after record ...

SHIB price remains at risk of falling further against DOGE due to weak technicals. Shiba Inu (SHIB) has grown stronger against its top "memecoin" rival Dogecoin (DOGE) in the last two months, in part due to the token's periodic token burning events and a flurry of project announcements that promises to boost its utility.Why is the SHIB price rallying?In detail, SHIB/DOGE gained a little over 40% after bouncing from 0.0001120 on May 12, its lowest level on record. SHIB/USD four-hour price chart. Source: TradingViewCoin burn is the most logical explanation behind SHIB's recent rally against....


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