Crypto Pup and Shiba's Rollercoaster Ride: What's Next?

A Tumble, But Not Out

Dogecoin and Shiba Inu have taken a tumble, dropping around 22% in the last month. But don't count them out just yet! Some experts think these digital coins might be gearing up for a comeback.

Dogecoin: The Crypto Pup's Journey

Dogecoin, often called the "crypto pup," has been on a bit of a journey. It's been bouncing between higher lows and higher highs in 2025, but it's stuck around the $0.25–$0.26 mark.

A Sign of Strength?

This might sound like a bummer, but some traders see this as a sign of strength. They think Dogecoin could be in an accumulation phase, where smart money is quietly buying up the coin before it makes a big move.

The Rounding Bottom Pattern

One trader even compared Dogecoin to a rounding bottom, a pattern where the price bottoms out and starts to rise again. If this pattern holds, Dogecoin could be looking at a big rally, possibly even hitting $0.80 by the end of the year.

Shiba Inu: Consolidation and Potential Breakout

Shiba Inu, another popular meme coin, has also been consolidating. This means the price has been moving sideways, neither going up nor down significantly.

A Sign of a Powerful Breakout?

Some traders think this consolidation could be a sign of a powerful breakout in the future. They point to the fact that Shiba Inu has made explosive moves in the past and could do so again.

The Burn Rate and Shibarium

In the meantime, Shiba Inu has seen a surge in its burn rate, with over 1.45 million tokens destroyed in a single day. This is a good thing because it reduces the supply of the coin, which can drive up the price.

New Account Creation Spikes

However, the number of transactions on Shibarium, a blockchain network for Shiba Inu, has dropped slightly. But new account creation has spiked, which could be a sign of growing interest.

Growth in Wallet Holdings

Both Dogecoin and Shiba Inu have seen growth in the number of wallets holding these coins. This is a positive sign because it shows that more people are interested in these cryptocurrencies.