{"id":30848,"date":"2024-04-03T00:42:01","date_gmt":"2024-04-03T00:42:01","guid":{"rendered":"http:\/\/icoinmarket.com\/important-dogecoin-doge-and-shiba-inu-shib-metrics-explode-by-double-digits-amid-market-correction\/"},"modified":"2024-04-03T00:42:01","modified_gmt":"2024-04-03T00:42:01","slug":"important-dogecoin-doge-and-shiba-inu-shib-metrics-explode-by-double-digits-amid-market-correction","status":"publish","type":"post","link":"https:\/\/icoinmarket.com\/important-dogecoin-doge-and-shiba-inu-shib-metrics-explode-by-double-digits-amid-market-correction\/","title":{"rendered":"Important Dogecoin (DOGE) and Shiba Inu (SHIB) Metrics Explode by Double Digits Amid Market Correction"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>TL;DR<\/p>\n<p>The cryptocurrency market, including leading coins and meme tokens like Dogecoin and Shiba Inu, has seen a significant downturn, with notable liquidations and price drops.<br \/>\nBullish predictions for Dogecoin and Shiba Inu remain, fueled by increased trading volumes and advancements in network developments like Shibarium.<\/p>\n<p><span data-preserver-spaces=\"true\"><\/span><\/p>\n<p>The cryptocurrency sector has declined significantly in the past several hours, with its market capitalization dropping below $2.6 billion (per CoinGecko\u2019s data).<\/p>\n<p><span data-preserver-spaces=\"true\">Bitcoin (BTC), Ethereum (ETH), and many other leading digital assets are deep in the red. As <\/span><span data-preserver-spaces=\"true\">CryptoPotato<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><span data-preserver-spaces=\"true\">reported<\/span><span data-preserver-spaces=\"true\">, the negative trend resulted in more than $500 million in liquidations, with the majority being long positions.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The situation in the meme coin niche is no different. Dogecoin (DOGE) has nosedived by 12% on a 24-hour scale, whereas Shiba Inu (SHIB) has retraced by 9%.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Nonetheless, some metrics related to the largest meme coins by market cap have headed north lately. According to IntoTheBlock, DOGE aggregated daily volume (where each transaction is greater than $100K)\u00a0<\/span><span data-preserver-spaces=\"true\">nears<\/span><span data-preserver-spaces=\"true\">\u00a0the $5 billion mark (a 90% increase compared to the figure observed on April 1). Daily active addresses have witnessed a resurgence, too, soaring by almost 40%.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Shiba Inu\u2019s figures are even more impressive, with SHIB aggregated daily volume exploding by over 300%.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Both assets were recently predicted to enter a bull run in the near future. The popular crypto analyst Rekt Capital <\/span><span data-preserver-spaces=\"true\">forecasted<\/span><span data-preserver-spaces=\"true\">\u00a0that DOGE could rally toward $0.30 due to the beginning of a new \u201cmacro trend.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The expert also suggested that SHIB may shoot to a new ATH if surpassing the major resistance level of $0.000033285.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The X user Captain Faibik\u00a0<\/span><span data-preserver-spaces=\"true\">outlined<\/span><span data-preserver-spaces=\"true\">\u00a0a bullish prediction, too, claiming the self-proclaimed Dogecoin-killer is on the verge of a 2x price increase.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The successful execution of the burning program might help Shiba Inu return to green territory. As\u00a0<\/span><span data-preserver-spaces=\"true\">CryptoPotato<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><span data-preserver-spaces=\"true\">reported<\/span><span data-preserver-spaces=\"true\">, the team behind the meme coin burned over 15.5 billion tokens last month (a 2,300% surge compared to the data in February).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Another factor is the advancement of Shibarium. Total transactions on the layer-2 scaling solution\u00a0<\/span><span data-preserver-spaces=\"true\">exceeded<\/span><span data-preserver-spaces=\"true\">\u00a0400 million last month, while wallet addresses reached almost 1.4 million. Those curious to learn the network\u2019s purposes and specifics, feel free to watch our dedicated video below:<\/span><\/p>\n<\/p>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Sponsored)<\/span><br \/>\nLIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!<\/div>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cryptopotato.com\/important-dogecoin-doge-and-shiba-inu-shib-metrics-explode-by-double-digits-amid-market-correction\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR The cryptocurrency market, including leading coins and meme tokens like Dogecoin and Shiba Inu,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":30849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[25,26],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Important Dogecoin (DOGE) and Shiba Inu (SHIB) Metrics Explode by Double Digits Amid Market Correction - iCoinMarket<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/icoinmarket.com\/important-dogecoin-doge-and-shiba-inu-shib-metrics-explode-by-double-digits-amid-market-correction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Important Dogecoin (DOGE) and Shiba Inu (SHIB) Metrics Explode by Double Digits Amid 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