Dogecoin (DOGE) and Shiba Inu (SHIB), two of the most popular meme tokens, rose together today.
According to CoinGecko data, DOGE and SHIB prices have increased approximately in the last 24 hours. It increased by 10%.
There is no obvious development behind the increase in DOGE or SHIB price. Social media platform X, formerly known as Twitter, is today the ability to make video and voice calls on the platform introduced.
DOGE investors have been aware that the token has been on the platform for several months due to Elon Musk’s interest in the token. as payment option waiting to be added. Musk devoted a skit to Dogecoin on the Saturday Night Live program he attended in 2021.
Early version of video & audio calling on https://t.co/aFI3VujLMh
— Elon Musk (@elonmusk) October 25, 2023
According to CoinGecko data, the total transaction volume of DOGE and SHIB was at the beginning of the week $400 million While this number is around approached 1.5 billion dollars in case.
Open positions in DOGE and SHIB futures growth of more than 50% This shows that investors are starting to take risks.