Dogecoin Up 14%, Shiba Inu Up 8%—Why Are Meme Coins Suddenly Pumping?

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have climbed 14% and 8%, respectively over the past week.

Increasing burn rates and growing real-world use cases have market participants predict further upside.

Cryptocurrency Ticker Price Market Cap 7-Day Trend
Dogecoin (CRYPTO: DOGE) $0.2618  $39.6 billion +13.8% 
Shiba Inu (CRYPTO: SHIB) $0.00001270  $7.5 billion +8.2% 
Pepe (CRYPTO: PEPE) $0.00001002  $4.2 billion +9.1% 

Trader Notes: Crypto trader Mags aka TheScalpingPro predicts that Dogecoin is on the verge of a “god candle.”

Trader Mikybull Crypto highlighted that …

Full story available on Benzinga.com