As the crypto market regained its growth momentum, the memecoin segment recorded the highest increase during this period. At the time of the press report, the memecoin portfolio was valued at $72.58 billion, changing -3.08% in 24 hours.
With this, the top memecoins are Dogecoin and Shiba Inu have returned to the right track with impressive price action over the past few days. This has led to a FOMO-like situation among investors. While some view Dogecoin as the ideal investment, others speculate that Shiba Inu will outperform the leader in the shorter time frame.
Latest Activities of Dogecoin & Shiba Inu
According to the latest report, the Dogecoin Network has seen a strong increase in its active addresses. As of today, DOGE has 127,570 active addresses and is on track to reach new highs in many years. This indicates the growing interest of investors in this digital asset.
When it comes to the latest news and updates about SHIB, a total of 8 SHIB burn transactions have been recorded. While the daily burn rate has decreased by more than 60%, this memecoin has burned about half of its maximum supply. This makes it a potential project for long-term prospects.
Dogecoin Price Records Strong Reversal Uptrend
Despite recording a 2.35% decrease in 24 hours, the largest memecoin by market capitalization has increased its value by 34.83% over the past seven days. With this, it has a market capitalization of 34.44 billion dollars, nearly half of the total value of the memecoin segment.
The relative strength index (RSI) is oscillating around the overbought range on the daily timeframe. Moreover, its average trend line shows a continuous increase on the price chart of the memecoin DOGE. With the SMA indicator acting as support, the largest memecoin may continue to rise in price this week.
If the market supports the bulls, the price of DOGE could break through the immediate resistance level of $0.243 and head towards $0.2865 in the near future. Conversely, increased liquidations could pull the value of this crypto token back to $0.20.
SHIB Memecoin Increased 26% In 7 Days
Following in the footsteps of Dogecoin, the price of Shiba Inu has increased by about 25% in the past week. With this, the current listing price of this memecoin is just over $0.0000150 with a daily trading volume of $465.98 million.
The Moving Average Convergence Divergence (MACD) shows a continuously green chart with average values recording similar price action. On the other hand, the 50/200 day EMA crossover is on track to witness a golden crossover, indicating bullish prospects for the memecoin in the crypto market.
Maintaining a value above $0.00001525 could see it heading towards a resistance level of $0.000020 this month. However, if the bears overpower the bulls, this could cause it to plunge down to a low of $0.00001025.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Dogecoin and Shiba Inu: Which Investment is Better in May 2025?
As the crypto market regained its growth momentum, the memecoin segment recorded the highest increase during this period. At the time of the press report, the memecoin portfolio was valued at $72.58 billion, changing -3.08% in 24 hours. With this, the top memecoins are Dogecoin and Shiba Inu have returned to the right track with impressive price action over the past few days. This has led to a FOMO-like situation among investors. While some view Dogecoin as the ideal investment, others speculate that Shiba Inu will outperform the leader in the shorter time frame. Latest Activities of Dogecoin & Shiba Inu According to the latest report, the Dogecoin Network has seen a strong increase in its active addresses. As of today, DOGE has 127,570 active addresses and is on track to reach new highs in many years. This indicates the growing interest of investors in this digital asset. When it comes to the latest news and updates about SHIB, a total of 8 SHIB burn transactions have been recorded. While the daily burn rate has decreased by more than 60%, this memecoin has burned about half of its maximum supply. This makes it a potential project for long-term prospects. Dogecoin Price Records Strong Reversal Uptrend Despite recording a 2.35% decrease in 24 hours, the largest memecoin by market capitalization has increased its value by 34.83% over the past seven days. With this, it has a market capitalization of 34.44 billion dollars, nearly half of the total value of the memecoin segment.
The relative strength index (RSI) is oscillating around the overbought range on the daily timeframe. Moreover, its average trend line shows a continuous increase on the price chart of the memecoin DOGE. With the SMA indicator acting as support, the largest memecoin may continue to rise in price this week. If the market supports the bulls, the price of DOGE could break through the immediate resistance level of $0.243 and head towards $0.2865 in the near future. Conversely, increased liquidations could pull the value of this crypto token back to $0.20. SHIB Memecoin Increased 26% In 7 Days Following in the footsteps of Dogecoin, the price of Shiba Inu has increased by about 25% in the past week. With this, the current listing price of this memecoin is just over $0.0000150 with a daily trading volume of $465.98 million.
The Moving Average Convergence Divergence (MACD) shows a continuously green chart with average values recording similar price action. On the other hand, the 50/200 day EMA crossover is on track to witness a golden crossover, indicating bullish prospects for the memecoin in the crypto market. Maintaining a value above $0.00001525 could see it heading towards a resistance level of $0.000020 this month. However, if the bears overpower the bulls, this could cause it to plunge down to a low of $0.00001025.