November 27, 2023
Image Credit: Getty Images
January 29, 2024
By: Pooja
Image Credit: Pinterest
Both DOGE and SHIB experience a nearly identical 17% decline in January 2024, signaling potential market shifts.
Image Credit: Crypto rank
Dogecoin and Shiba Inu, with market caps of $11.4 billion and $5.3 billion respectively, lead the memecoin space.
Image Credit: CoinGape
Recent actions by Dogecoin miners and mining pools suggest a possible shift in performance relative to SHIB.
Image Credit: Pinterest
Dogecoin saw double-digit gains in Q4 2023, but on-chain data reveals miners capitalizing on the rally to book profits.
Image Credit: Getty Images
Dogecoin miners sell over 290 million DOGE ($22.63 million) in the last three months, potentially signaling a bearish trend.
Image Credit: Bloomberg
Image Credits: Reddit
Weakening overall crypto market demand coupled with miners' selling trend could further impact DOGE price in February 2024, potentially allowing SHIB to surpass it.