Can SHIB follow DOGE to the moon? According to new data provided by Santiment, as per the memecoin's history, it witnessed growth post surges in DOGE. From increasing trading volumes to growing velocity, SHIB managed to show some positivity over the last week. This was after DOGE witnessed some demand in the crypto market.
There may be some truth to the aforementioned fact as according to a recentit was stated that SHIB historically followed DOGE’s pumps. Shiba Inu grew by 19% in the last seven days following Dogecoin’s surge.
Furthermore, as can be seen below, there was some correlation observed between both the memecoins. DOGE and SHIB also witnessed a surge in their respective trading volumes over the past few days.’s potential growth could be the growing number of daily active addresses on the network. Shiba Inu also witnessed a rise in velocity over the past week.