Shiba Inu and Dogecoin decline while Ethereum shines above $3700!
With the price of Ethereum surpassing the $3700 mark for the first time in weeks, the market has witnessed mixed movements in meme coins. Shiba Inu (SHIB) and Dogecoin (DOGE) have recorded a noticeable decline, highlighting their weak performance compared to major cryptocurrencies.
This disparity reflects an important reality:
🔹 Major coins like ETH typically benefit from capital inflows and strong technical indicators.
🔹 Meme coins, on the other hand, rely on community momentum and speculation, making them more susceptible to volatility.
What lies beyond the performance?
The rise of Ethereum is driven by expectations of network updates and increased institutional demand.
In contrast, meme coins currently lack strong catalysts, leading to a loss of momentum.
Will Shiba and Dogecoin make a comeback?
Perhaps, but that would require a resurgence of community interest or the emergence of impactful positive news.
#ETHReclaims3800 #CryptoClarityAct #BiananceSquare #Write2Earn
