Why Are Investors Showing Strong Interest in Shiba Inu and Dogecoin?

Krutika Adani

Due to a strong pullback witnessed in the memecoin markets, investors have been pulled towards the top memecoins.

The fear and greed index for all memecoins has risen to extreme greed.

Analysts estimate a 25% further rally in Shiba Inu.

Dogecoin has also broken out of the descending triangle pattern and could reach as high as $3.

The top memecoins are also supported by strong factors like an increase in on-chain users, new listings, and whale activity.