Crypto Analysts Reject Latest DOGE, SHIB Rally as Contrarian Signal

Dogecoin (DOGE), the biggest meme cryptocurrency by market cap, has gained 21% in the past seven days to trade near $0.09, the most since June 1. Shiba inu (SHIB), the self-proclaimed dogecoin killer, rallied more than 50%, hitting a three-month high of $0.00001700, according to CoinDesk data. Market leaders bitcoin (BTC) and ether (ETH) have risen just 3% and 11% respectively.