Important Dogecoin (DOGE) and Shiba Inu (SHIB) metrics explode in double digits amid market correction.

TL; DR

The cryptocurrency market, including leading coins and meme tokens such as Dogecoin and Shiba Inu, has seen a significant downturn, with notable liquidations and price cuts. Forecasts for Dogecoin and Shiba Inu are buoyed by increased trading volumes and network developments such as Shibarium.

The cryptocurrency sector has fallen sharply in the past several hours, with its market capitalization falling below $2.6 billion (according to CoinGecko data).

Bitcoin (BTC), Ethereum (ETH) and many other leading digital assets are deep in the red. as a Cryptopotato reportedthe negative trend resulted in more than $500 million in outflows, most of which were long positions.

The situation in Mem Coin is no different. Dogecoin (DOGE) increased nose by 12% in 24-hour scale, while Shiba Inu (SHIB) returned by 9%.

However, some metrics related to the biggest meme coins by market capitalization have headed north lately. According to IntoTheBlock, DOGE's combined daily volume (where each transaction is over $100K) is It's getting closer. 5 billion dollar mark (a 90% increase compared to the number shown on April 1). Daily active addresses saw a resurgence, rising nearly 40 percent.

Shiba Inu's figures are even more impressive, with SHIB's cumulative daily volume exploding over 300%.

Both assets are predicted to enter a bull run in the near future. The famous crypto analyst Rekt Capital He predicted That DOGE could rally to $0.30 due to the start of a new “macro trend”.

The expert suggested that SHIB may shoot to a new ATH if it exceeds the major resistance level of $0.000033285.

Captain Fibic of the X user Listed. The bullish forecast is also on the self-proclaimed Dogecoin-killer 2x price increase.

The successful execution of the burn program could help Shiba Inu return to the green realm. as a Cryptopotato reportedthe team behind Meme Coin burned over 15.5 billion tokens last month (a 2,300% increase compared to data from February).

Another reason is the growth of Shibarium. General transactions on layer-2 balance solution It has passed 400 million last month, wallet addresses reached about 1.4 million. For those who are curious about the network's objectives and details, feel free to watch our dedicated video below.