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The crypto bull market rally has resumed, and top meme coins Dogecoin and Shiba Inu are lapping up decisive gains.
Dogecoin has booked an 8.6% uptick today, while Shiba Inu is up 7.1%.
DOGE and SHIB rise as meme coin volume skyrockets
Crypto’s improving market conditions have ignited massive interest in meme coins, with CoinMarketCap data reporting the sector’s trading volume is up 100% today.
Meanwhile, the volume of frontrunners Dogecoin and Shiba Inu is up 126% and 137%, outpacing the sector’s average.
On the price data front, Dogecoin is trading at $0.16, up 8.6% today, 8.1% this week, and down 0.5% this month. It currently holds a $23 billion market cap, making it the tenth-largest cryptocurrency.
Prominent analyst Crypto Trading Signals recently provided a forecast for Dogecoin, speculating it will advance toward $0.35 in the coming weeks.
The analyst notes that Dogecoin recently broke from a symmetrical triangle, paving the way for a strong move upwards.
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