Dogecoin and Shiba Inu are doing good.
Dogecoin (DOGE) and Shiba Inu (SHIB) make Robinhood’s top 5 highest-gaining assets list for the second week, with DOGE crowning the top gainers for the second consecutive week.
The bulls have engineered a fierce comeback against the bears, with the majority of crypto assets across the market rallied to promising heights.
Amidst this newly-found strength, DOGE and SHIB have demonstrated some resilience against the bears, as they retain their positions on Robinhood’s list of top 5 highest-gaining assets for the second consecutive week, with DOGE remaining number one.
Robinhood revealed the information as it took to Twitter to disclose its weekly update on cryptocurrencies, sharing a dashboard containing the biggest movers in the market in the past week.
According to Robinhood stats, DOGE gained by 58.9% this week, retaining its position at the top. SHIB secured the fifth position, with a gain of 15.8% in the past week. This unswerving strength from both assets indicates renewed investor interest as the market transition to favorable territories.
DOGE has particularly been getting most of its support from the bullish sentiment stimulated by billionaire Elon Musk’s hints of a possible integration with Twitter.
The meme coin’s rally gained steam immediately following Musk’s Twitter takeover, and despite seeing fierce rejections along the way, DOGE has maintained most of its gains. Amidst these hints, former US Congressional candidate David Gokhshtein recently forecasted an imminent ATH for DOGE as the asset soared to surprising heights.
Dogecoin’s rally, which gained steam on October 25, placed the asset on the top of Robinhood’s top-gaining assets in 7 days, as it surged by over 40% as of October 29, The Crypto Basic reported.
The asset’s rally persisted, taking the meme coin to a 7-month high of $0.14 on Tuesday before facing opposition from the bears, which brought it below the 13-cent level. Notwithstanding this opposition, DOGE maintained its position above the support at $0.12, retaining most of the gains picked up in the previous week.
SHIB, on the other hand, has had to weather the storm without advocacy from the world’s richest man, and the asset appears to be doing quite well. A growing trend of whale accumulation has contributed to Shiba Inu’s recent massive price rally. Consequently, Shib secured its position on Robinhood’s top 5 list of highest-gaining assets two weeks back, as The Crypto Basic highlighted. SHIB has maintained its rally since then, staying above the $0.000011 price level despite several hurdles.
DOGE and SHIB have retained their positions on the Robinhood list of highest-gaining crypto assets due to the increasing demand pumped into the markets. SHIB has gained by 2.23% in the past 24 hours, changing hands at $0.00001293. Meanwhile, DOGE currently trades at $0.13, with a massive 6% gain in the past 24 hours.
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Source: https://thecryptobasic.com/2022/11/05/shiba-inu-and-dogecoin-lead-on-robinhood-for-2nd-consecutive-week/?utm_source=rss&utm_medium=rss&utm_campaign=shiba-inu-and-dogecoin-lead-on-robinhood-for-2nd-consecutive-week