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Dogelon Mars, Shiba Inu and Dogecoin take the lead as Bitcoin consolidates

CryptocurrencyMay 11, 2021 05:20PM ET
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Dogelon Mars, Shiba Inu and Dogecoin take the lead as Bitcoin consolidates

Cryptocurrency traders awoke to an altcoin bonanza as a handful of meme tokens, along with some of the more established projects, staged double-digit rallies while Bitcoin (BTC) price slowly recovers to the $57,000 level.

The biggest event generating conversations across the crypto sector and social media is the rise of dog-themed tokens inspired by the recent mega rally from Dogecoin (DOGE). The more than 20,000% rally from DOGE has shocked value investors across the world and many Bitcoin maximalist and equities traders are scratching their heads in confusion, given that DOGE was originally created as a simple joke.

SHIB/USDT vs. ELON/USDT 4-hour chart. Source: TradingView
Daily cryptocurrency market performance. Source: Coin360

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Dogelon Mars, Shiba Inu and Dogecoin take the lead as Bitcoin consolidates
 

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Comments (7)
Malik Gi
Malik Gi May 12, 2021 5:32PM ET
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what about shib coin??
peyman ghasedi
peyman ghasedi May 11, 2021 8:10PM ET
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Doge coin is dead by hand shiba inu 🐶
Taylor Swanson
Taylor Swanson May 11, 2021 7:57PM ET
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SHIB for the gainzzzz
Courage James
Courage James May 11, 2021 6:16PM ET
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Don't think anyone should invest in Doge it's just a hype coin and once the hype is gone everything about the coin is gone 😼
Kris Allen
Kris Allen May 11, 2021 6:02PM ET
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buy doge only if you believe in it
Kris Allen
Kris Allen May 11, 2021 6:01PM ET
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buy doge only if you believe in it
Investing Man
Investing Man May 11, 2021 5:43PM ET
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Buy Doge
 
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