Shiba

Solana

Dogecoin

Shiba Inu

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<ul> 
 <li>The leading meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), have experienced significant price increases in the past 24 hours due to several bullish indicators.</li> 
 <li>On-chain analytics platform IntoTheBlock reports a surge in new and active Dogecoin addresses, while Shiba Inu’s on-chain metrics also turn bullish.</li> 
 <li>Both meme coins are seeing increased interest from investors, with trading activity in Dogecoin’s derivatives market and large Shiba transactions on the rise.</li> 
</ul> 
<p><strong>Explore the recent bullish trends of leading meme coins Dogecoin and Shiba Inu, as they record significant price gains due to increased investor interest and positive on-chain metrics.</strong></p> 
<h2 id="strong-dogecoin-attracts-more-investors-strong"><strong>Dogecoin Attracts More Investors</strong></h2> 
<p>According to data from IntoTheBlock, the number of new and active Dogecoin addresses has surged by over 74% and 21% in the past week. The platform revealed that over 28,000 new Dogecoin addresses were created on May 2, marking a 102% increase from its monthly low on April 29. Market intelligence platform Santiment also highlighted Dogecoin’s network growth, noting a 27% increase in non-empty wallets to 6.6 million in the last six months. Coinglass data shows that trading activity in Dogecoin’s derivatives market has also risen, indicating a bullish sentiment towards Dogecoin.</p>

Dogecoin (DOGE) and Shiba Inu (SHIB) Experience Notable Price Surge: Unveiling the Reasons

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