With Shiba Inu and Dogecoin Prices Rising, Is Wall Street Memes the Next Meme? Coin explode?

With Shiba Inu and Dogecoin Prices Rising, Is Wall Street Memes the Next Meme? Coin explode?

It's been a crazy few days in the crypto market with most coins seeing a significant price increase.

Dogecoin (DOGE) and Shiba Inu (SHIB) are two coins that have seen double-digit price increases and have attracted interest from the entire investment community.

Meanwhile, meme coin sensation Wall Street Memes (WSM) continues to enjoy popularity during presales – and is now approaching its $10 million funding milestone.

DOGE and SHIB rebound signals shift in meme coin trader sentiment

At the time of writing, DOGE price is up 10% over the past three days, while SHIB is up 14% over the same period.

Both coins are experiencing significant recoveries after a sustained period of decline following the “meme coin mania” of April.

This is the first significant price increase for DOGE since Elon Musk changed the Twitter logo to that of Dogecoin, underscoring how persistent the bearish market sentiment is.

Nevertheless, things seem to be looking good for DOGE and SHIB as both recovered the losses suffered in the last three weeks.

Digging a little deeper, data from CoinMarketCap shows that daily Shiba Inu trading volume has reached $333 million – up 168% from Tuesday.

Additionally, CoinGecko’s sentiment analysis shows that over 78% of the community is bullish on Dogecoin’s prospects.

These metrics highlight the sudden surge in interest in both coins – with investors now hoping that the ongoing momentum can continue.

Dogecoin and Shiba Inu are riding the wave of the crypto market resurgence

The momentum behind Dogecoin and Shiba Inu came at a time when the broader crypto market is experiencing a strong rebound.

In recent weeks, the market has been plagued by fears over regulatory oversight – which peaked when the SEC sued Binance and Coinbase.

Naturally, this decision caused great uncertainty across the entire investor base and led to a massive sell-off.

However, things are now looking up - triggered by BlackRock's decision to apply for a spot Bitcoin exchange traded fund (ETF).

While this decision does not directly impact Dogecoin or Shiba Inu, it does signal a growing acceptance and general adoption of cryptocurrencies.

This, in turn, has given the overall market sentiment a much-needed boost - DOGE and SHIB are now riding the wave of increasing investor enthusiasm.

Which Other Meme Coins Are You Prepared for Price Increases?

Although the crypto market is fascinated by memes, alongside the loyal followers of Dogecoin and Shiba Inu, there are also other projects that seem primed for increases in value.

One such contender is Wall Street Memes – a fascinating meme coin project that has already attracted a lot of attention in the pre-sale phase.

Wall Street memes point to explosive potential as it nears $10 million funding milestone

Wall Street Memes (WSM), a new force in the meme coin space, has now raised nearly $10 million in its ongoing presale – and investor demand is in full swing.

Born out of the 2021 Reddit movement that challenged Wall Street, Wall Street Memes aims to “tokenize” that spirit by launching the WSM token.

Many believe that WSM could be primed for explosive growth later this year, given the Wall Street Memes team's previous success thanks to the launch of the Wall St Bulls NFT collection.

This collection sold out in just 32 minutes and grossed over $2.5 million in sales.

Now the team wants to give back to those who have shown trust in the community by offering WSM in pre-sale at a low price.

This setup has increased the craze for Wall Street memes – which already attracts an audience of over 531,000 people on Instagram.

Anticipation is already building for WSM's upcoming CEX listings scheduled for later this year.

Renowned crypto influencer Zach Humphries has also commented on the token's prospects, highlighting the ambitious plans on Wall Street Memes' roadmap.

With an ever-growing community and influencers championing it, Wall Street Memes appears to be on its way to notable success in the meme coin arena.

Visit Wall Street Memes

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