Dogecoin Price Prediction As Shiba Inu Dog Neiro Replaces The Late Kabosu And This SHIB 2.0 ICO Goes Parabolic

Dogecoin Price Slumps Over 3%

Dogecoin's price witnessed a decline of over 3% in the last 24 hours, trading at $0.1292 as of 7:35 a.m. EST. This drop is attributed to investors selling their holdings.

Shiba Inu Adoption Spurs Meme Coin Surge

The recent correction in Dogecoin's price follows the announcement by the owner of Kabosu, the canine that inspired the Dogecoin meme, of adopting Neiro, a new Shiba Inu. This news sparked a surge in Neiro-themed meme coins.

Solana Surges Amid Meme Coin Frenzy

The announcement of Neiro's adoption triggered a frenzy of Neiro-themed coins on the Solana token generator Pump.fun. The activity propelled Solana to the top in blockchain activity yesterday, surpassing Ethereum.

Dogecoin's Sideways Channel

Dogecoin's price has consolidated between $0.1271 and $0.1365 over the last few days. Should it break below $0.1271, it could fall to $0.1177. However, if it holds above $0.1271, a buy opportunity may arise, potentially leading to a breakout above $0.1365.

Technical Indicators Hint at Bullish Trend Reversal

Technical indicators suggest Dogecoin's bearish momentum may be waning. Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators show signs of diminishing sell pressure. An intersection between the MACD and MACD Signal lines could confirm a bullish reversal.

Investors Flock to Shiba Shootout

Amid Dogecoin's bearish trend, investors are turning to Shiba Shootout (SHIBASHOOT), a blockchain gaming project promoted by YouTuber Austin Hilton. The game offers a play-to-earn experience with rewards for participating in gun battles.

Shiba Shootout's ICO Momentum

SHIBASHOOT's ongoing Initial Coin Offering (ICO) has raised over $850K. Investors can purchase SHIBASHOOT tokens at a price of $0.0197 using ETH, USDT, BNB, or bank card. The ICO price will increase in less than 4 days.