Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Aug / 12
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- Shiba Inu-Dogecoin CORRElation Weakens: SHIB Continues to Rally
- Aug 11, 2023 at 03:30 pm TheBitTimes
- Shiba Inu's recent price surge has garnered significant attention, with the meme coin experiencing a substantial increase. Starting at $0.000008348, it peaked at $0.00001036, marking a remarkable 19.17% rally in just one week. Interestingly, the correlation between Shiba Inu and Dogecoin appears to be weakening, as data shows a drop from 0.74 to 0.36. This suggests that SHIB is establishing its own trajectory, separate from DOGE's influence. However, the 60-day correlation between the two coins remains robust at 0.74, indicating parallel price movements. While Dogecoin has not replicated SHIB's trajectory, it's worth monitoring due to the strong correlation. As Shibarium, a highly anticipated
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