Dogecoin and Shiba Inu soar and catch up with Bitcoin

© Reuters – After lagging behind in the rally that has driven the cryptocurrency market in recent days, major crypto-memes and are catching up on Thursday, both posting gains of more by 10% over 24 hours, where BTC only gained 2.4%.

And with a one-week performance of 24% for DOGE and 21% for SHIB, the two joke cryptos are now outperforming Bitcoin over this period.

On the other hand, no concrete catalyst which would explain this increase can a priori be identified. We can on the other hand assume that, noting that the crypto rally continues, despite the setbacks of other asset classes, crypto investors are now daring to riskier bets, on more speculative cryptos, such as Dogecoin and Shiba Inu .

Regarding the , it will be recalled that two key factors are supporting the cryptocurrency in recent days, namely the hope of imminent validation of Bitcoin ETFs in the United States, and the search for safe havens, in the face of growing geopolitical risk.

In this regard, it should be noted that Russian military maneuvers to simulate a response to a nuclear attack were revealed yesterday afternoon, which caused a new peak above $35,000 for the .

However, this key threshold remains immediate resistance for the cryptocurrency for now.

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