Dogecoin and Shiba Inu had similar price performance over the past week- which of the two will have a brighter June according to metrics?
On the 30th of May, the dormant circulation of DOGE saw a massive spike, which might foreshadow a selling wave.saw a similar price performance, but the latter was trading within a range. The former has been more volatile in May but has trended higher slightly more consistently.The weighted sentiment gave an idea of whether the social media engagement was skewed bullish or bearish. The 3-day interval values for DOGE and SHIB were -0.72 and -0.74 respectively.
The social dominance of DOGE was 0.927% compared to 0.339% for SHIB. This is also understandable since Dogecoin is the face of the meme coin sector and has been for years.On the 30th of May, the dormant circulation of DOGE saw a massive spike. This indicated a flurry of tokens moving between wallets and is generally a sign of selling pressure.However, the potential wave of selling could be a concern.
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