Dogecoin (Doge) and Shiba Inu (SHIB) have accumulated spectacular gains in the past two days as Bitcoin soared to $88K. BTC’s spike to $88K pedestal propelled the altcoin market to spread out evenly, banking on gains triggered by Bitcoin’s noteworthy price spike. Dogecoin and Shiba Inu both have accumulated massive gains, with prospects of the token gaining even more by mid-November 2024.
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Dogecoin Price Prediction for Mid-November
Dogecoin is one of the leading cryptocurrency tokens that is making the most out of the current market surge. Since the Musk-Trump duo connection has gained incredible momentum with Trump winning the current election, the prospects of Doge achieving an all-time high have increased, too, with this development. Dogecoin has risen nearly 47% in the past 24 hours and has surpassed a $61 billion market cap in a spectacular feat.
JUST IN: Dogecoin $DOGE rises 47% in the past 24 hours, surpassing a $61 billion market cap.
— Watcher.Guru (@WatcherGuru) November 12, 2024
According to CoinCodex, Dogecoin may stabilize to hit the $0.30 mark by November 20, 2024.
However, Dogecoin may drop to $0.28 by the end of this month, as the portal later predicts.
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -12.68% and reach $0.282966 by December 11, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 69 (greed). Dogecoin recorded 19/30 (63%) green days with 20.01% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”
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Shiba Inu Price Forecast For Mid-November
Shiba Inu is also a key player in the cryptocurrency market. The token has noted an array of past declines but has lately adopted a bullish pace as Bitcoin soared to new highs. SHIB is currently sitting at the $0.000029 price mark, a coveted price spot after raking in gains worth 17% in the last 24 hours.
The SHIB ecosystem is busy working on launching SHI stablecoin, SHIB DeFi, SHIB Socials, and SHIB Marketplace as well to keep the momentum strong and flowing.
Per CoinCodex, Shiba Inu may hit a new high of $0.000040 by November 20, 2024.
However, by the end of this month, SHIB may stabilize to sit at a new price spot of $0.00002763.
“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 2.01% and reach $0.00002763 by December 12, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 69 (greed). Shiba Inu recorded 15/30 (50%) green days with 10.39% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”
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