Dogecoin vs Shiba Inu – Which Will Hit $1 First?

The start of the next crypto bull run appears to be imminent, with the approval of spot Bitcoin ETFs looking increasingly likely. The Federal Reserve is also set to continue to pause its monetary tightening and could start cutting its benchmark rate early next year. 

While Bitcoin is leading the crypto market rally – surging close to 11% over the past week – the altcoins are beginning to catch up. The meme coin asset class is also showing bullish strength. According to CoinMarketCap, its total market cap has appreciated close to 2% in the daily time frame, along with an average price increase of 5%.

Dogecoin and Shiba Inu – two of the top performers of the last bull market – are set to replicate their success in the upcoming bull run as well. Doge and Shib have both surged close to 2% in the daily time frame and are on the verge of a breakout. 

However the question remains – which meme coin will hit the $1 mark first? While Dogecoin will continue to enjoy the backing from Elon Musk, Shiba Inu is expected to receive a strong boost from Shibarium. 

Dogecoin and Shiba Inu Poised For Breakout – Is $1 In The Cards?

Meme coins are beginning to display their profitability once again, with the Floki crypto leading the way, surging 25% over the past day. Pepe is also showing strength and is up 5% over the same period. 

According to experts, top meme token Dogecoin is set to be the next token to display an explosive price growth. Doge has appreciated 2% over the past 24 hours and is trading above the $0.06 price mark, with a market cap of $8.6 billion and a trading volume of $120 million. The $0.06 price level was also a crucial resistance, and Doge could see a strong bullish continuation. 

According to popular trader @ali_charts, Dogecoin is also set to breach a multi-year descending triangle. He believes that a weekly close above the $0.0835 could catapult Doge towards the $1 mark. 

TradingView, a technical analysis platform, also gives a “Buy” signal to the token in the daily time frame. The bulls could next look to target the 50-day Exponential Moving Average at $0.0616 followed by the 20-week Simple Moving Average at $0.0655. 

Dogecoin reached an all-time high of $0.73 during the last crypto bull run. With major cryptocurrencies expected to surpass their respective all-time highs this time around, Doge hitting the $1 mark would not be out of the question – especially with the backing of Elon Musk.

Meanwhile, due to its low price of $0.000007, it is much harder for Shiba Inu to hit the $1 mark. However, it could still generate explosive returns and emerge as one of the best crypto to buy during the next bull run, thanks to a major boost from Shibarium.

$SHIB has surged 2% over the past 24 hours, with a market cap of $4.17 billion and a daily trading volume of $71 million. A rally to the $0.0000072 mark will breach both the 30-day Simple and Exponential Moving Averages and could result in a strong continuation. 

New Meme Coin to Watch: Meme Kombat Surges Past $600k In Presale, Experts Predict 100x Bull Rally

Meme Kombat is another token that has piqued the interest of meme coin enthusiasts, thanks to its strong performance in the presale. The $MK presale has raised close to $626k in its ICO in less than a month, on the verge of hitting its minimum goal of $1 million. 

Unlike most meme coins, $MK is not banking on the popularity of just one popular fictional character. Instead, the Meme Kombat platform will serve as a virtual battle arena for 11 different characters – each representing a popular token such as Doge, Pepe, Floki, Shiba, etc. 

The platform will use AI-based dynamic visualization and random sequencing to make the battles fun and unpredictable, offering diverse betting opportunities to players – they can wager against each other or against the house, on top of side-action betting. 

Similar to Floki and Wall Street Memes, Meme Kombat also offers lucrative staking rewards, currently at an APY of 112%. Investors can always balance between their risks and rewards as they are allowed to allocate a portion of their staked tokens towards betting. 

However, the token’s most attractive feature is its fully doxxed team – the identity of all key members behind the project has been revealed to quell any fears of scams or rug pulls. 

Due to its unique value proposition, popular trader Jacob Bury recently predicted Meme Kombat to display a 100x bull rally after launch.

You can buy Meme Kombat tokens on presale at the project’s website.