According to data provided by Santiment, SHIB and DOGE coins have become the two most popular topics in the industry after their strong rallies. The price of the Shiba Inu is up 152 percent in the last rally and DOGE is up as much as 25 percent since yesterday. All five of the most popular trending words are linked to meme-based coins, including the words Floki and “meme.”
SHIB and DOGE are trending!
The top five positions on the list are usually the most talked about topics in the public for a while. While the listing does not suggest or signal anything about the market, traders and investors can decide whether an asset will face volatility due to their social recognition.
cryptocoin.com As we reported, community or individual traders are thought to fuel the rally in meme-based tokens like Shib or Doge; therefore, according to experts, increased social recognition; It will act as an indicator of upcoming volatility in the market. At the time of writing, the Shiba Inu (SHIB) is down 4.8 percent to $0.00006998. However, it moved back to the ninth place with a market value of $ 39.2 billion. Dogecoin (DOGE), on the other hand, is up 0.6 percent, changing hands at $0.29 and ranks tenth by market cap.
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