Dogecoin and Shiba Inu are the talk of the crypto market right now.
DOGE is up over 25% in the past day, while SHIB isn’t far behind with a 13% jump that’s gotten traders’ attention.
Now, everyone’s asking the same question: Are there more gains ahead for the world’s two largest meme coins?
Dogecoin & Shiba Inu Rally After Trump’s Election Victory
The meme coin rally began last week after Trump won the US election.
Since then, DOGE has posted impressive returns and is now trading around the $0.281 level.
That’s the highest DOGE has been since late 2021.
And the coin’s trading volumes are even more impressive, up 223% in the past day to hit $18.6 billion.
Shiba Inu is getting involved in the action, too.
SHIB is up 13% since yesterday, trading at $0.0000250, although its price was even higher on Sunday afternoon.
The coin’s spot trading volumes have also rocketed 249%.
However, it’s not just DOGE and SHIB that are on a tear right now.
Bitcoin smashed through $81,000, setting a new all-time high as optimism grows over potential crypto-friendly policies under a second Trump term.
Market sentiment has also shot into “Extreme Greed” territory, according to the Crypto Fear & Greed Index.
Plus, with talk of a friendlier SEC approach going forward, many believe this rally is just starting.
Do DOGE & SHIB Have More Room to Run?
Even after the recent surge, DOGE and SHIB might have room to climb.
Dogecoin is still trading 61% below its 2021 all-time high, and SHIB is even lower, sitting 71% under its peak.
And since this rally only kicked off last Monday, we could be in the early stages of something much bigger.
The charts back up this bullish outlook.
SHIB has finally broken out of a long sideways trend on the daily chart, showing its move has real momentum.
Plus, just last week, legendary meme coin trader Murad told his 409,000+ Twitter followers about a coming “memecoin supercycle.”
On top of this, the bigger picture is looking favorable.
The Fed has hinted at another rate cut before the end of the year, setting up a bullish environment for risk assets (like crypto).
Ultimately, pullbacks will likely be part of the ride – but it feels like Dogecoin and Shiba Inu’s bull runs might only be beginning.
Is This the Next Meme Coin to Explode? Pepe Unchained Hits $26.6M in Presale
For those looking beyond DOGE and SHIB, Pepe Unchained (PEPU) is shaping up to be an exciting alternative.
It’s already raised $26.6 million in its presale and is bringing more to the table than just “degen” vibes.
The project has some serious tech underpinning it, including its own Layer-2 blockchain, Pepe Chain.
This blockchain is being designed exclusively for meme coins.
It’ll offer faster speeds and lower fees relative to Ethereum – making it ideal for active traders looking to capitalize on price swings.
The Pepe Chain will also feature a “Pump Pad” trading platform, similar to Pump.fun on Solana.
This platform will let users create and trade new meme coins in just a few clicks.
With secure features like locked liquidity and no buy-or-sell taxes, Pepe Unchained’s team hopes it will become the go-to destination for the next wave of meme coin traders.
At the time of writing, interested investors can buy PEPU, Pepe Unchained’s native token, during the presale for just $0.01249.
All that’s required is a crypto wallet and some crypto – or even a bank card.
With a DEX listing planned and hype building on Telegram, Pepe Unchained could be one to watch for similar (or even higher) gains to DOGE and SHIB.
This article is not intended as financial advice. Educational purposes only.
