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How Dogecoin (DOGE) and Shiba Inu (SHIB) Will React to Bitcoin Rising

Release: 2023/12/05 22:06 Reading: 261

Original author:TheBitTimes

Original source:https://coinmarketcap.com/community/articles/656f11e6b78e1a7459b2a186

The cryptocurrency market is currently experiencing a significant rally, with major assets like Bitcoin (BTC) leading the charge. This surge has positively impacted various cryptocurrencies, including Dogecoin (DOGE) and Shiba Inu (SHIB), which have seen notable gains. Notably, emerging cryptocurrencies like ScapesMania are carving out their own niche in this bullish market. The market's overall sentiment is bullish, as indicated by the global crypto market cap's rise to $1.52 trillion and a 2.59% increase. 

This optimism is fueled by factors such as the potential approval of Bitcoin Spot ETFs and the upcoming Bitcoin halving. Dogecoin (DOGE) and Shiba Inu (SHIB) are riding this wave, with DOGE's price soaring 2.38% to $0.0878 and SHIB gaining 6.12% to $0.000009066. The meme coin segment, in particular, is showing strong performance, reflecting the broader market's positive mood.

The question on everyone's mind might be how will this rally affect cryptocurrency prices at large, but the really important question is how the memecoins will react to Bitcoin rising. Some cryptocurrencies have a peculiar cycle, which often requires some aggressive action to benefit traders. Today's text will explore the most potentially profitable options to figure out which one is the best.

Summary

  1. ScapesMania: Innovative and promising, stands out for its successful presale.
  2. Dogecoin (DOGE): Shows strong momentum, with its price tied to market trends.
  3. Shiba Inu (SHIB): Iis rallying, influenced by Shibarium and market dynamics.

ScapesMania: A New Contender in the Crypto Arena

While bigger cryptocurrencies wrestle with uncertain growth, ScapesMania can offer almost guaranteed ROIs in the range of 400-500%. The innovative project is currently in presale which means holders can get paid well for the wait. The presale consists of several rounds and the current one offers a huge discount on purchases, nearing 85%. If there's ever a time to trust the hype, it is now!

The tokens are low in price, which means that regardless of your budget you can take advantage of the offer. There's no downside and plenty of potential gains to joining ScapesMania even if you don't have much money to make use of.

A closer examination of this coin's features reveals many attractive aspects. For instance, ScapesMania allows holders to get involved with a multi-billion-dollar industry and has many features in place to keep users engaged and incentivize them to keep on engaging. Furthermore, the tokenomics of the project is transparent and secure and the addition of the latest $150,000 giveaway may be the final touch needed to convert early enthusiasts into full-blown fanatics.

Those still considering which presale projects to choose, need to know that ScapesMania's vision for the future is highly ambitious. it comes in the form of further listings, improvements, and development of a unique niche concept that has yet to be adopted in crypto circles. Considering all of the above, it's not surprising that the presale numbers are outstanding - it can surely be a boon to many in the long run.

ScapesMania is at the point where previous buyers can already assume they've made a great decision and now the time is right for those who haven't tried the project yet. Get in now to reach potential ROIs of 400-500% or maybe even higher.

If you’re already on board with everything that ScapesMania has to offer, there’s a unique opportunity for you: a special offered code, VLI125. The limited-time offer is only valid for a limited time since the article’s publication. It’s your best chance to get a bonus of 10% after entering VLI125 in a special field at checkout, so act fast, the clock is ticking.

>>> Join the Presale at an 83% Discount <<<

Dogecoin (DOGE): The Meme Coin with a Bullish Outlook

Dogecoin (DOGE) has shown a breakout above an ascending parallel channel, indicating strong bullish momentum. The coin's market presence is bolstered by a broader market bullishness and a flow of capital into the meme coin market.

Dogecoin (DOGE) is trading at around $0.08933, up 15% in the last 24 hours. It faces a critical resistance at $0.09083, which could mark a make-or-break point for its upward trajectory.

If Dogecoin (DOGE) can overcome the $0.09083 resistance and flip it into support, it could potentially reach the $0.1 level, a 10% climb from current levels. On-chain metrics support this bullish outlook, with a high percentage of Dogecoin (DOGE) holders in profit. However, if selling pressure increases, Dogecoin (DOGE) could fall back, potentially dropping to lower support levels. The coin's future price movement will likely depend on broader market trends and its ability to maintain investor interest.

Shiba Inu (SHIB): Riding the Wave of Market Optimism

Shiba Inu (SHIB) has rallied alongside other cryptocurrencies, with its price nearing the $0.00001 resistance but stalling at $0.0000096 due to a double-top pattern.

Shiba Inu (SHIB) is currently holding gains of 5.7% over the last 24 hours, with a cumulative growth of 14.2% over 30 days.

The formation of a double-top pattern suggests a short-term correction. A trend reversal could be imminent, but further dips below key support levels are possible. The Shibarium protocol's growing traction, with daily transactions hitting 7.8 million, could positively impact Shiba Inu (SHIB) price. However, market corrections and fluctuations in investor sentiment could affect its short-term price movements.

Conclusion

As Bitcoin (BTC) continues its upward trend, its influence is markedly felt across the cryptocurrency market, particularly impacting altcoins like Dogecoin (DOGE), Shiba Inu (SHIB), and the emerging ScapesMania. Dogecoin (DOGE) and Shiba Inu (SHIB) are experiencing significant gains, buoyed by the overall bullish sentiment driven by factors such as potential Bitcoin Spot ETF approvals and the upcoming Bitcoin halving. Dogecoin (DOGE) strong bullish momentum and Shiba Inu (SHIB) increasing transaction volume on Shibarium suggest a positive trajectory aligned with Bitcoin's rise.

ScapesMania, as a new entrant, is carving its niche in this optimistic market. Its innovative approach, coupled with a successful presale phase, positions it as the biggest potential beneficiary of the current market trend. The project's anticipated listing on key exchanges could further enhance its visibility and liquidity, potentially leading to substantial growth.

Site: https://scapesmania.io/

Twitter: https://twitter.com/ScapesMania

Telegram: https://t.me/scapesmania

Source: https://thebittimes.com/how-dogecoin-doge-and-shiba-inu-shib-will-react-to-bitcoin-rising-tbt72637.html

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