• Shiba Inu’s Shiabrium is set to explode in 2023
• Dogecoin is expected to be pushed as Elon Musk continues as Twitter CEO
• SHIB price is currently consolidating around $0.000008 but sliding slowly towards the bottom
The crypto markets are entering a new year with optimism and hope for a better future. As the bearish clouds start to clear, many investors are looking forward to a decent upswing in the prices of cryptocurrencies. Two of the most popular meme coins, Shiba Inu (SHIB) and Dogecoin (DOGE), are also expected to make a strong comeback in the coming years.
Shiba Inu (SHIB) is a decentralized cryptocurrency which runs on the Ethereum blockchain. The project was launched in 2021 and has established itself as one of the most popular meme coins in the crypto market. Recently, the lead developer of Shiba Inu took to Twitter to update the progress of Shibarium, the project’s layer 2 protocol. According to the update, the protocol is in its final stage of development and is expected to be released soon. This news has increased the optimism among SHIB holders and the price of the coin has been consolidating around $0.000008 in the past few days.
Dogecoin (DOGE) is another popular meme coin that has been gaining traction in the crypto market. The coin was initially created as a joke but it has since become one of the most traded coins in the market. Dogecoin’s price has been on a steady rise in the past few months due to the strong support of its most prominent supporter, Elon Musk. The Tesla and SpaceX CEO has been tweeting about Dogecoin regularly, and this has been pushing the price of the coin upwards. It is expected that the bullish momentum of Dogecoin will continue in the coming months as Elon Musk continues to remain the CEO of Twitter.
Overall, the outlook for Shiba Inu (SHIB) and Dogecoin (DOGE) looks positive in the coming years. With the launch of Shibarium, the price of SHIB is expected to rise significantly in 2023. Similarly, Dogecoin is expected to continue its bullish momentum as long as Elon Musk remains the CEO of Twitter. Therefore, it can be said that both these popular meme coins will regain their bullish momentum in 2023 and investors can expect good returns in the coming years.