• Shiba Inu is struggling to reach its highest level since March 14th.

• After the change of Twitter logo, Gougou Coin mainly performed strong and the stock rose.

Shiba InuitOn Monday and Tuesday, accompanied by investors taking action on the significant rebound of dog coins, prices rebounded strongly. It reached its highest point of $0.000011, which is the highest point since March 14th. The token has increased by over 18% compared to its lowest value in March.

Dog coin drives meme coin growth

The most importantCryptocurrency News ReportTwitter has decided to change its logo to the Shiba Inu logo. Shiba Inu is a symbol of dog currency, which is the inspiration behind the Shiba Inu token.

The change in logo has brought more passion to the field of memesdoge The price has skyrocketed by over 30%. This is particularly noteworthy as most cryptocurrencies, including Bitcoin and Ethereum, have been fluctuating sideways in the past few days.

Historically, memes have often been closely related to each other. This explains why other most popular memes, such as Dogelon Mars, Baby Doge, and Floki Inu, have sprung up.

However, it is currently unclear whether the transformation of Twitter's logo will cause long-term harm to Dogcoin and other memes. At this stage, it is not clear why Twitter CEO Elon Elon Musk has decided to change the logo. At the time of writing this article, the logo has been restored to its original logo.

Another key metal catalyst for the price of Shiba Inu is the latest development trend released by Shibarium. Shibarium is the next generation Layer 2 Internet that will improve the ecosystem of Shiba Inu. The developer launched the public beta version of Shibarium in March and is currently undergoing testing.

According to the selected statistics in Block Explorer, there are now over 100000 wallet addresses. It also resolved over 828000 transactions. Although this is a good data, it is much smaller than the hype data. In addition, the total number of manufactured block bricks has already risen to over 209000 yuan.

Shiba Inu Price Forecast

The 4H chart shows that the price of SHIB cryptocurrency has been on an upward trend in the past few days. Coins have long been moving above the blue upward trend line. It also exceeds the moving average system of 25 periods and 50 periods.

It also jumped above the resistance point of 23.6% of Fibonacci's ability to reduce positions and $0.000011, which is also the highest point on March 18th. Therefore, there is a possibility of a significant bull market increase in the price of Shiba Inu, as customers have set the next important resistance point at $0.00013, which is a 50% reduction point.

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