Dogecoin and Shiba Inu coin are hitting massive heights right now that show the cryptocurrency market is still something to watch.
This week, Dogecoin hit its two-month high, surging to $0.335 on Coinbase Thursday, per CoinDesk.com.
- That’s the highest marker for the coin since Aug. 20.
- The coin had been hovering in the $0.30 range, a sign that there was slight growth.
Meanwhile, the Shiba Inu cryptocurrency coin Wednesday hit an all-time high, reaching a cost of $0.0000594 per coin.
- The coin crashed a little, having peaked at $0.00009 in the last three days before dropping back down to $0.00006, according to CoinDesk.com.
Investors told CoinDesk.com that traders may have moved from Shiba Inu over to Dogecoin. The idea would be using Shiba Inu investments for short-term gains but then dip into Dogecoin for the longer investment.
Just one week ago, the opposite seemed to happen as ChangeNOW, a cryptocurrency exchange platform, gave investors the chance to trade their Dogecoin coins for Shib cryptocurrencies coins. Investors flocked to Shiba Inu because there were rumors about a potential rise.
- “Traders availed this service to accumulate more SHIB tokens ahead of the rumored listing on the zero-commission exchange platform, Robinhood,” according to FX Street.