- Dogecoin (DOGE) and Shiba Inu (SHIB) have seen significant gains recently, with DOGE surging 47% to reach a $61 billion market cap and SHIB rising 17%, driven by a broader crypto market rally.
- Forecasts suggest DOGE could reach $0.50 and SHIB $0.0000040 by mid-November 2024 before both stabilize in December, reflecting strong bullish sentiment.
- Both meme coins show promising technical indicators and continue to benefit from an optimistic market outlook, with Bitcoin’s new highs adding momentum to their upward trend.
Dogecoin (DOGE) and Shiba Inu (SHIB) have seen impressive gains recently as the overall crypto market surges upwards. In this article, we will analyze the price predictions for these two major meme coins by mid-November 2024. With Bitcoin hitting new highs, altcoins like DOGE and SHIB are poised to continue their bull run.
DOGE Price Prediction for Mid-November
Dogecoin is making the most of the current rally
Dogecoin has risen by nearly 25% in the last 24 hours, surpassing a $61 billion market cap. CoinCodex predicted DOGE may hit $0.30 by November 20, 2024 before dropping to around $0.28 by the end of the month. However, price has already rocketed past $0.40, leading traders eyeing $0.50 as the next major price level
We predict DOGE could reach $0.50 by December 2024 due to excitement surrounding Elon Musk and his position in D.O.G.E. leading into Donald Trump’s inauguration. The current market sentiment and technical indicators are bullish for DOGE.
SHIB Price Forecast for Mid-November
Like DOGE, Shiba Inu has seen impressive gains recently, rising 47% in 7 days to $0.0000029. The SHIB ecosystem continues to expand with new launches planned soon. DOGE alone is a tide that lifts all ships, which we believe will be a catalysts for other dog based memes like SHIB
CoinCodex predicts SHIB may reach $0.0000040 by November 20, 2024 before dropping to $0.000002763 by the end of the month. As long as Dogecoin continues its momentum, that prediction is very possible, especially if Bitcoin continues its price discovery.
Conclusion
With Bitcoin surging to new highs, Dogecoin and Shiba Inu are poised to continue their upward trajectory over the coming weeks. According to forecasts, both DOGE and SHIB could hit new peaks by mid-November 2024 before stabilizing through December. The current market conditions appear ideal for further gains from both these major meme coins.
