Memecoin Cult Continues: Dogecoin And Shiba Inu In The Lead

October began with a decline in Bitcoin, altcoin, and memecoins like Dogecoin prices backed by the Fed’s quantitative tightening and interest rate hike. Bitcoin slumped below the 20k psychological level, giving rise to tensions among investors in the market. However, the month ended with a massive price rally for some altcoins across the market. While bitcoin price slumped below 20k and later made a recovery, Memecoins hit milestone gains, with DOGE increasing by 25%. SHIB and others followed closely after DOGE. How Dogecoin And Other Memecoins Are Faring The price of DOGE has rallied upward after Elon Musk completed the Twitter acquisition. On October 25, DOGE traded at $0.06 before jumping to $0.1 over the weekend. The memecoin jumped to a five-month high of $0.15 before falling back to $0.11 on Monday. November appears like a bull time for DOGE as it pumped above $0.15 after a 15% rise but now stands at $0.13. Dogecoin was one of many memecoins that experienced the bulls while others followed closely. In the last 24 hours, Shiba Inu has gained more than 8%. Shiba Inu currently trades at $0.00001283 with a 24-hour high of $0.00001345. Shiba Floki Inu (FLOKI) and Baby Dogecoin recorded more notable gains. Related Reading: Bitcoin Miner Selling Power At Lowest For 2022, Green Sign For Market? Binance Coin also increased significantly, adding more than 5% value daily, and is now trading at $325. Uniswap exhibited a simila...