- Dogecoin and Shiba Inu show outstanding performance, outpacing other top-10 cryptocurrencies.
- Shiba Inu increased by 59.19% over the past week, reaching $0.000027.
- Dogecoin leads with a 120% weekly growth, boosted by market optimism and Elon Musk’s influence.
Amidst one of the strongest cryptocurrency markets ever, the two top dog-inspired tokens have managed to outperform other top-10 assets displaying incredible performance over the week.
As Bitcoin hits its new ATH and comes closer and closer to the $90k margin, Dogecoin and Shiba Inu are also riding the wave of bullish optimism.
Shiba Inu is currently trading on a 3.10% increase over the past 24 hours. However, on a grander scale, SHIB performance is far more impressive. Over the past 7 days, the token went from $0.000017 to today’s $0.000027 – marking an incredible 59.19% increase over the week.
Its performance is even more impressive against other top-10 memecoins which average a 53% increase during that same timeframe.
However, the real winner of the memecoin market lies in the first dog-inspired token ever created: Dogecoin.
Riding on the optimism inherited by Elon Musk’s influence over November’s 5th Donald Trump win over Kamala Harris – Dogecoin continues to pump upward.
Over the past day alone, DOGE gained a whopping 24.58% in value. On the weekly timeframe, Dogecoin displays an even more impressive 120% growth. Out of the top 20 cryptocurrencies by market capitalization, Dogecoin displays the best performance over the week.
With the possibility of Elon Musk having close ties with the Trump administration in 2025, Dogecoin is arguably one of the most interesting cryptocurrencies to watch closely over the next couple of years.
