• Dogecoin and Shiba Inu continue to lead the meme coin rally
• Both coins have seen double digit gains in the last 24 hours
• Gains are attributed to Twitter adding both coins to its $Cashtags feature
Dogecoin and Shiba Inu have once again taken the lead in the meme coin rally, with both assets seeing double-digit gains in the last 24 hours. This impressive performance is largely attributed to Twitter adding both coins to its $Cashtags feature. This has allowed users on the platform to easily search for the prices of the two coins, which has helped to drive up their respective prices.
Dogecoin has seen a 2.23% rise in the last 24 hours, with 12% gains over the past week. Meanwhile, Shiba Inu has seen an even more impressive 15% rise in the same time period, with an increase of 34% in the past week. This surge in the value of the asset is largely due to the anticipation surrounding the launch of Shibarium, a Layer 2 blockchain.
The addition of Dogecoin and Shiba Inu to Twitter’s $Cashtags feature has been a major factor in the surge in the value of both coins. The feature allows Twitter users to easily search for the prices of both coins and this has helped to drive up interest in the two coins. The ease of access to information regarding the two coins has been a major factor in their value increases.
The meme coin sector has seen a significant revival over the last week, with all of the altcoins following suit. Despite the market cooling off in the last 24 hours, the meme coins have continued to defy the trend and have seen strong gains. This shows that they remain a powerful force in the sector, and could continue to see strong growth in the near future.