Skip to content

Memecoins Dogecoin, Shiba Inu Jump as Ethereum Optimism Spreads

Dog-themed cryptocurrencies jumped on Monday amid broader retail-investor enthusiasm in the market, particularly as Ethereum works toward its much-anticipated software upgrade.

Dogecoin is up about 14% over the past five days, while Shiba Inu has gained almost 40%, according to pricing data compiled by Bloomberg. The meme tokens are holding their gains even as Bitcoin sits around $25,000 and Ether hovers at about $2,000 amid optimism around its upgrade, known as Merge, now expected around Sept. 15.