When memes converge: Analyzing SHIB, DOGE, and BABYDOGE’s hikes

When memes converge: Analyzing SHIB, DOGE, and BABYDOGE’s growth

However, BABYDOGE surpassed both, registering a 10% increase within the same period. However, the performance might not be because of a resurgence in the market alone. So, what else could have caused the increase in prices?that Dogecoin whales put up one of their best performances since 5 February. This was because DOGE transactions worth over 100,000 increased monumentally. At the time of writing, there were about 23 transactions in the region.

This further confirmed the whales’ influence on the DOGE trend. However, BABYDOGE had an increase in volume to thank for its performance. According to Santiment, the meme had been experiencing massive volume since 13 February. While it subdued a little per the above chart, it recovered to 41.03 million. As a key indicator of determining liquidity, BABYDOGE’s volume rise meant that investors pumped quite a lot of money into the ecosystem.Meanwhile, SHIB, despite falling to the 13th position in market value, had a vast majority ofMoreover, an evaluation of the on-chain weighted sentiment showed that the value at press time was SHIB’s highest since February began.Also, social volume followed in a similar direction.

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