You Won’t Believe Why Dogecoin and Shiba Inu Investors Are Losing Sleep Over May 2025 🐕🚀

by

As the crypto market attempts yet another death-defying comeback, memecoins—those glorious jesters at the court of Finance—have been pirouetting about with wild abandon. The category currently weighs in at a portly $72.58 billion, having slimmed down a tragic 3.08% in the past 24 hours. One is almost tempted to shed a tear, but stiff upper lips and all that.

At the heart of the foofaraw are the ever-swashbuckling Dogecoin and the plucky underdog, Shiba Inu. Both have been strutting their stuff on the price charts, causing an outbreak of that dread contagion known as FOMO. Half the populace believes Dogecoin is the blue-blooded inheritor of crypto royalty, while the other half pins its hopes on Shiba Inu pulling a Cinderella transformation before midnight—or at least before May 2025.

The Tails Wag: Doggy Drama Unfolds

According to the chaps keeping score, Dogecoin’s active addresses have swollen to a panting 127,570. If those addresses were Labradors, you’d need a park the size of Cornwall just to keep the tails from causing total mayhem. This surge indicates that either investors are seriously interested, or there’s been a sudden boom in technologically savvy canines. Hard to say which.

Meanwhile, in the Shiba Inu kennel, eight SHIB burn transactions were logged, which is impressive unless your hobby is burning tokens, in which case it’s a slow Tuesday. The daily burn rate has plummeted over 60%—one can only assume everyone’s lighter has run out of fluid. Still, with half the maximum supply up in smoke, some see long-term potential, or at least the hope of less clutter.

Dogecoin: Barks, Bites, and Bullish Banter

Despite a modest 2.35% stumbling tumble in the last 24 hours, Dogecoin has had a jolly good week, ballooning upwards by 34.83%. The market cap sits at a regal $34.44 billion, which is just about half the memecoin kingdom. Not bad for a coin inspired by a dog, I say.

Dogecoin price chart

The Relative Strength Index, which as far as I can tell is a gadget to amuse mathematicians, is loitering near the overbought zone, looking guilty. The trendline is pointing up like Jeeves’ eyebrow when Bertie suggests another harebrained scheme. Should DOGE receive a good run behind the bulls, it might break through $0.243 and be off chasing $0.2865 faster than you can say “walkies!” Should the bears decide to crash the party, well, it could nose-dive past $0.20 in short order.

Shiba Inu: The Young Pup Has Teeth 🏃‍♂️🐾

Not to be outdone, Shiba Inu has soared 25% this week, with the current price lounging at a louche $0.0000150 and a trading volume of $465.98 million, which is more zeroes than one can sensibly contemplate before lunch.

Shiba Inu price chart

The MACD indicator looks green, which is usually the colour of envy, but in this case means the price action is healthy. The 50/200-day EMA—presumably some sort of cryptographic fencing match—is lining up for a “Golden Cross”, which sounds more like a cocktail than a market event, but apparently, it’s bullish. If SHIB can keep its chin above $0.00001525, it might scamper up to $0.000020 post-haste. Otherwise, if things go downhill, expect a drop to $0.00001025, which is still, presumably, a good deal more than you’ll find down the back of most sofas.

Dogs they may be, but these coins have bite. 🐕💸 Whether you fancy a DOGE romp or a SHIB scamper, the adventure is sure to be barking mad.

Read More

2025-05-14 22:25