10/26/2022 | Analytics Insights
SHIBA INU AND DOGECOIN (DOGE) PRICE SURGE MAY NOT LAST LONG- EXPERTS SAY
The crypto markets are enjoying the huge surge that started yesterday. Most coins, like Dogecoin (DOGE), have increased by double-digits over the last 24 hours. That’s how bullish the crypto market has been over the last few hours.
Shiba Inu (SHIB) has also been impressive over the last few hours, where the coin has posted a 4.5% increase over the last hours. This is at a time when Dogecoin has increased by 10% during the same period as of writing. The price explosion has been all over the market, and even mooning coins like Bitgert (BRISE), and Centcex (CENX) have also posted impressive performances.
However, crypto experts are warning that this might be a bull trap. The spike was triggered by the FED’s comment to soften its inflation-related regulation. The comment rallied the stock market, and the crypto market has been one of the affected.
The sudden surge made Dogecoin and Shiba Inu prices break the current resistance levels, but as the investors started taking profits, the prices pulled back. This is expected to continue as more investors sell to take profits.
However, the taking of profit might grow the selling pressure, which might lead to a crashing market. That’s why crypto experts are cautioning that the current Dogecoin and Shiba Inu price surge might not last long as many investors anticipated.
Bitgert (BRISE) and Centcex (CENX) Could Be Perfect Buys
The Bitgert and Centcex coins might do better than Dogecoin and Shiba Inu in the next few days, and this is one of the reasons they might be the best buys today. Looking at the performance of these coins even before the market surged, BRISE and CENX have been some of the coins that have done so well in withstanding even crashing markets.
The price projections for the Bitgert (BRISE) and Centcex (CENX) are that these coins might still do well this week, even without the FED comments on inflation regulations. The adoption of the products and projects that Bitgert and Centcex are releasing and have already launched are some of the reasons that will keep their prices surging going forward.
Therefore, buying Shiba Inu (SHIB) and Dogecoin (DOGE) today is good, but investing in Bitgert (BRISE) and Centcex (CENX) might be the ideal investment. BRISE and Centcex have the potential to explode this week and even this year bigger than Dogecoin and Shiba.