Analysts reveal that the development of Dogecoin (DOGE) and Shiba Inu (SHIB) cryptocurrencies will make their prices rise even though the market is still bearish.
It is also understood that these two famous crypto memes DOGE and SHIB were able to weather the difficult crypto market following strong support from the memecoin community.
Meanwhile, the price of DOGE not only increased immediately after the crypto market began to recover but its total market cap was the highest compared to SHIB.
As proof, DOGE's market capitalization amounts to $7.81 billion, which is currently hovering at the price zone of $0.06000 in the last 24 hours while SHIB has $5.55 billion with a price level of $0.00001010.
In the meantime, the biggest Ethereum (ETH) whales are not only more interested in investing in SHIB even though the crypto market is in a tense state, they are even confident that the price of the memecoin can soar.
In context, SHIB is the second largest memecoin which is currently ranked 15th in market capitalization while DOGE is ranked 10th.
Also recently, the tech giant Google accepted transactions using cryptocurrencies such as DOGE and SHIB so that Cloud users can transact easily.
On a different source, Google also made an agreement with crypto exchange Coinbase to allow Google Cloud users to pay for services through cryptocurrency.
