{"id":415,"date":"2024-09-28T23:02:23","date_gmt":"2024-09-28T23:02:23","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=415"},"modified":"2024-09-28T23:02:23","modified_gmt":"2024-09-28T23:02:23","slug":"crypto-veteran-turns-bullish-on-dogecoin-but-what-about-shiba-inu","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=415","title":{"rendered":"Crypto Veteran Turns Bullish On Dogecoin, But What About Shiba Inu?"},"content":{"rendered":"
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Crypto veteran Peter Brant has become bullish on Dogecoin (DOGE)<\/a>. At the same time, Shiba Inu (SHIB)<\/a>, the second-largest meme coin\u2019s outlook is also bullish. However, the on-chain analytics platform Santiment suggested that investors might have to wait a while to witness new highs.\u00a0<\/p>\n

Crypto Veteran Turns Bullish On Dogecoin<\/h2>\n

Crypto veteran Peter Brandt<\/a> has turned bullish on Dogecoin. In a recent X post, he suggested that the foremost meme coin could enjoy a massive rally<\/a> soon enough. Brandt highlighted a channel breakout on the DOGE chart, which he shared. Based on the chart, Dogecoin could rise to its current all-time high (ATH) of $0.7 if it breaks above that channel.\u00a0<\/p>\n

\"Dogecoin<\/p>\n

The trader also remarked that the longer term could be constructive. He highlighted a historical inverse head-and-shoulders pattern<\/a> that had previously formed on DOGE\u2019s chart before it broke out. Dogecoin looks to have completed this pattern again and is ready for a breakout to the upside. Based on his accompanying chart, the trader\u2019s price target for the meme coin in the long term is $2.5.\u00a0<\/p>\n

\"Shiba<\/p>\n

This provides a more bullish outlook for Dogecoin, considering that most crypto analysts like Crypto Kaleo<\/a> have predicted that the meme coin would at least reach $1 in this bull run. Kaleo recently reaffirmed his prediction again, stating that DOGE to $1 isn\u2019t a \u201cmeme.\u201d<\/p>\n

Crypto analyst Master Kenobi<\/a> stated that Dogecoin\u2019s rise to $1 could mirror Bitcoin\u2019s 2017 rally from $10,000 to $20,000 in just under two weeks. However, he is confident DOGE\u2019s rally from $0.10 to $1 could even be faster. Master Kenobi also believes that the meme coin could still rally to $2 or higher, just like Brandt predicts. He stated that Dogecoin\u2019s rally from $1 to $2 could happen \u201cin a single day, or two at most.\u201d<\/p>\n

\"Shiba<\/p>\n

Shiba Inu Is Also Gaining Attention<\/h2>\n

Shiba Inu\u2019s<\/a> outlook is also bullish. The meme coin has surged over 47% in the last seven days and is back above $0.00002. The on-chain analytics platform Santiment revealed that there has been a significant rise in SHIB\u2019s discussion rate. These discussions have included the recent 33,000% surge in Shiba Inu\u2019s burn rate, contributing to the price surge<\/a>.\u00a0<\/p>\n

Meanwhile, Santiment also revealed in an earlier X post that Shiba Inu\u2019s on-chain activity is surging compared to other altcoins and meme coins. Metrics like volume, circulation, and social dominance have spike. Whale transactions<\/a> also recently rose to a 10-week high.\u00a0<\/p>\n

\"Dogecoin<\/p>\n

Santiment warned that this indicates that the FOMO toward Shiba Inu is currently high. Therefore, there is a considerable likelihood that a local top is near. The platform added that these bullish metrics<\/a> might need to calm down slightly before SHIB surpasses its year-high of $0.000043, recorded earlier this February.\u00a0<\/p>\n

\"Dogecoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto veteran Peter Brant has become bullish on Dogecoin (DOGE). At the same time, Shiba Inu (SHIB), the second-largest meme coin\u2019s outlook is also bullish. However, the on-chain analytics platform Santiment suggested that investors might have to wait a while to witness new highs.\u00a0 Crypto Veteran Turns Bullish On Dogecoin Crypto veteran Peter Brandt has […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-415","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=415"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/415\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}