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Will Shiba Inu (SHIB) And Dogecoin (DOGE) Have a Great 2023?

The global crypto market cap now stands at $837.59 billion.SHIB and DOGE have both seen their prices rise over the last 24 hours.DOGE will likely have a great 2023 following...
Will Shiba Inu (SHIB) And Dogecoin (DOGE) Have a Great 2023? © Reuters. Will Shiba Inu (SHIB) And Dogecoin (DOGE) Have a Great 2023?
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  • The global crypto market cap now stands at $837.59 billion.
  • SHIB and DOGE have both seen their prices rise over the last 24 hours.
  • DOGE will likely have a great 2023 following Elon’s Twitter acquisition.

The total crypto market cap has risen 1.97% over the last 24 hours to take the total to $837.59 billion at press time. This is according to the crypto market tracking website, CoinMarketCap.

Looking at the two most popular meme tokens, Dogecoin (DOGE) and Shiba Inu (SHIB), the prices of both tokens have risen over the last 24 hours as well.

Currently ranked as the 9th biggest crypto in terms of market cap, DOGE has outperformed SHIB with its 1.24% daily gain, taking its price to $0.08241. DOGE’s price has also strengthened against the price of Bitcoin (BTC) by 0.18%, and has weakened against Ethereum (ETH) by 2.10%.

Looking at SHIB, its price has risen 0.26% over the last 24 hours. This takes its price to $0.00000904. Compared to the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), SHIB’s price has weakened against both by 0.85% and 3.10% respectively.

This year has been a terrible year for both the crypto markets and the traditional financial markets following numerous interest rate hikes and the downfall of several crypto companies, such as Celsius, Terra Luna, and FTX.

As such, 2023 is an opportunity for investors to readjust their portfolios and purchase cryptos at a discounted price. In terms of SHIB and DOGE, 2023 may be a better year for DOGE than SHIB.

The reason for this is that DOGE is tied to the activities of Elon Musk, who is also known as the DogeFather. Musk’s recent acquisition of Twitter will likely pump DOGE’s price in the coming months. Meanwhile, SHIB’s low amounts of utility could be the main contributor to a below-par 2023 for the meme token.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Will Shiba Inu (SHIB) And Dogecoin (DOGE) Have a Great 2023? appeared first on Coin Edition.

See original on CoinEdition

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06-12-2022 07:55:44 (UTC+7)

EUR/USD

1.0508

0.0017 (0.16%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (1)

EUR/USD

1.0508

0.0017 (0.16%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (1)

GBP/USD

1.2209

+0.0021 (+0.17%)

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↑ Buy

Moving Avg:

Buy (12)

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Buy (5)

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USD/JPY

136.46

-0.28 (-0.20%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

AUD/USD

0.6710

+0.0014 (+0.20%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (2)

USD/CAD

1.3587

-0.0001 (-0.01%)

Summary

Neutral

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Buy (3)

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EUR/JPY

143.41

-0.04 (-0.03%)

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Neutral

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Buy (4)

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Buy (4)

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EUR/CHF

0.9898

+0.0011 (+0.12%)

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Buy

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Gold Futures

1,782.40

+1.10 (+0.06%)

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Buy (7)

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Silver Futures

22.448

+0.031 (+0.14%)

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Buy (8)

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Copper Futures

3.7940

+0.0052 (+0.14%)

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Crude Oil WTI Futures

77.32

+0.39 (+0.51%)

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Brent Oil Futures

83.01

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Natural Gas Futures

5.648

+0.027 (+0.48%)

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US Coffee C Futures

163.42

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Euro Stoxx 50

3,956.53

-21.37 (-0.54%)

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↑ Sell

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Sell (8)

S&P 500

3,998.84

-72.86 (-1.79%)

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Moving Avg:

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DAX

14,447.61

-81.78 (-0.56%)

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↑ Sell

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Sell (7)

FTSE 100

7,567.54

+11.31 (+0.15%)

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↑ Sell

Moving Avg:

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Sell (12)

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Buy (0)

Sell (8)

Hang Seng

19,518.29

+842.94 (+4.51%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (2)

US Small Cap 2000

1,835.79

-57.05 (-3.01%)

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↑ Buy

Moving Avg:

Buy (11)

Sell (1)

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Buy (9)

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IBEX 35

8,370.10

-7.80 (0.00%)

Summary

↑ Sell

Moving Avg:

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Sell (10)

BASF SE NA O.N.

47.970

-0.760 (-1.56%)

Summary

Sell

Moving Avg:

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Bayer AG NA

53.09

-1.75 (-3.19%)

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Allianz SE VNA O.N.

203.00

+0.35 (+0.17%)

Summary

Buy

Moving Avg:

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Adidas AG

122.06

-2.20 (-1.77%)

Summary

↑ Sell

Moving Avg:

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Deutsche Lufthansa AG

7.766

+0.028 (+0.36%)

Summary

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Siemens AG Class N

135.44

+0.74 (+0.55%)

Summary

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Deutsche Bank AG

10.150

+0.126 (+1.26%)

Summary

Neutral

Moving Avg:

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    EUR/USD 1.0508 ↑ Buy  
    GBP/USD 1.2209 ↑ Buy  
    USD/JPY 136.46 ↑ Sell  
    AUD/USD 0.6710 ↑ Buy  
    USD/CAD 1.3587 Neutral  
    EUR/JPY 143.41 Neutral  
    EUR/CHF 0.9898 Buy  
    Gold 1,782.40 ↑ Buy  
    Silver 22.448 ↑ Buy  
    Copper 3.7940 ↑ Buy  
    Crude Oil WTI 77.32 ↑ Sell  
    Brent Oil 83.01 ↑ Sell  
    Natural Gas 5.648 Sell  
    US Coffee C 163.42 ↑ Sell  
    Euro Stoxx 50 3,956.53 ↑ Sell  
    S&P 500 3,998.84 ↑ Buy  
    DAX 14,447.61 ↑ Sell  
    FTSE 100 7,567.54 ↑ Sell  
    Hang Seng 19,518.29 Buy  
    Small Cap 2000 1,835.79 ↑ Buy  
    IBEX 35 8,370.10 ↑ Sell  
    BASF 47.970 Sell  
    Bayer 53.09 ↑ Buy  
    Allianz 203.00 Buy  
    Adidas 122.06 ↑ Sell  
    Lufthansa 7.766 ↑ Buy  
    Siemens AG 135.44 ↑ Buy  
    Deutsche Bank AG 10.150 Neutral  
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