"Activity in Memecoins: DOGE is Rising, SHIB is Declining"

Dogecoin on the Rise Again

Dogecoin has gained 3.0% in value following a sharp decline in recent times. This increase is particularly supported by institutional purchases and solid trading volume.

Shiba Inu's Situation

On the other hand, Shiba Inu experienced a 2.0% drop, breaking through a critical support level. However, the subsequent V-shaped recovery indicates potential stabilization signals.

Pressure in Global Crypto Markets

Global crypto markets are under pressure due to concerns about the artificial intelligence bubble and outflows from Bitcoin Exchange-Traded Funds (ETFs). This situation is also affecting the volatility of memecoins.