SHIB Surges 20%, DOGE up 5% as Traders Continue to Ape Into Meme Coins

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SHIB is up 20%, DOGE 5% as traders continue to chase meme coins. thesamreynolds reports.

which suggested that Dogecoin serves as a contrarian indicator to the market, prompting investors to trim bullish positions.

"Every time that [the] price of DOGE starts rising rapidly, there's a market-wide crash following just moments later," the firm wrote. While bitcoin continues to outperform DOGE, one has to wonder if new meme tokens like SHIB and BONK will validate this thesis and bring the market to the dogs.

 

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thesamreynolds No, thank you. I think these are very questionable projects

thesamreynolds

thesamreynolds Interesting news! Thanks for sharing you. According to thesamreynolds' report, it looks like traders have been bullish on Shiba Inu (SHIB) and Dogecoin (DOGE). It will be interesting to track the performance of these meme coins over time!

thesamreynolds $Doge getting ready to show the puppies in the pound who the big Doge really is.

thesamreynolds

thesamreynolds Nuke it all.

thesamreynolds New coin this new year 2023! The dev renounced the ownership; 1% rewards; fixed supply 111M; its a cat-girl like anime $ONIGI TheOnigiriNeko OnigiriNeko Onigi

thesamreynolds I'm not lmao, I went for $BIT this couple of week. it's going to be the native token for Mantle and upcoming modular L2

thesamreynolds SHIB $SHIB always proving fudders wrong. shiba power

thesamreynolds Next diamond🐕BabyDogeCoin BscPitbull DogelonMars RealFlokiInu InuKishu

thesamreynolds Check them out too! $VC -community owned meme coin with 1000X potential !

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