SHIB and DOGE Surge as Traders Return to Meme Coins

SHIB and DOGE have recorded big gains in the last 24 hours.

Data from CoinGecko shows that the Shiba Inu (SHIB) token is up over 20% in the last 24 hours.

SHIB is also being heavily traded; Nansen reports that nearly $1.1 billion in SHIB has traded hands between January 17-January 18.

The surge in SHIB trading comes as traders anticipate the launch of the upcoming layer 2 network Shibarium.

Shibarium puts a canine-themed twist on building on top of Ethereum. A testnet is expected to launch in the coming weeks.

Traders also pushed DOGE up nearly 6% in the last 24 hours.

Leave a Reply

Your email address will not be published.