Over the weekend, Dogecoin (DOGE) and Shiba Inu (SHIB) saw significant gains, with prices surging by as much as 30%. This impressive jump in price led DOGE to surpass XRP and stablecoin USDC to become the sixth-largest token in the market.
One of the main catalysts for Dogecoin’s surge is the renewed endorsements by technology entrepreneur Elon Musk. This has propelled DOGE to increase by 88% in the past 30 days, making it one of the top-performing cryptocurrencies in the market.
As the crypto market continues to experience volatility, both Dogecoin and Shiba Inu have emerged as frontrunners in terms of price appreciation. Investors and traders are closely monitoring these tokens as they navigate the ever-changing landscape of digital assets.
