As the Crypto Bazaar rises in a new month, Dogcoin and Shiba Inu Holders have to face fresh hopes and apprehensions, especially when the market is uncertain and prices continue to rise. In the current situation, there is still some time until a special direction is fixed for the coins of the meme. However, taking a look at the historical figures and how both Dogcoin and Shiba Inu prices have performed in the first September month, often can help with an idea about what can be expected in the new month.
How Dogcoin and Shiba Inu have performed in September
Shiba has existed for a much less time compared to Inu Dogicine compared to five years of Shib. However, both meme coins go by hand as the largest meme coins in the market. Therefore, the performance of the prices of Dogcoin and Shiba Inu goes together as the two market leaders are in their bottom.
As a result, this report will see the performance of the prices of Dogcoin and Shiba Inu in the last five years, which maintains balance between two meme coins. For both digital assets, however, according to Cryptorencian data, separate performances have taken place, suggesting the deviation in the month of September.
For example, in September 2021, when the coin was first launched, Shiba Inu saw an increase in the price of 4.65%. On the other hand, the price of dogcoin was actually crashing at this point, by the end of the month of September, a decline of 26.7% had been recorded.
In the next two years, however, poor performance from both dogcoin and Shiba Inu was seen, in which Shiba Inu suffered damage. Then, in September 2024, there was a rigorous change because both meme coins actually saw the benefits in double digits by the end of the month.
This shows that the month of September is a mixed bag for both dogcoin and Shiba Inu inu. Mostly, the performance for September depends on the price of bitcoin and how the crypto market normally moves in the new month.
October is the real deal
In search of real benefits for Dogecoin and Shiba Inu investors, the time to look forward to October will be the month of October. Since its launch in 2021, Shiba Inu Price has never closed red in October, and this is the only month where the meme coin has consistently benefited.
The performance of the dogcaoin for the month of October is the same, with the last six years ends in the green off for meme coins. Simply put, the month of October is the fastest month for Dogcoin and Shiba Inu, which is often leading in November before the rally is reduced.
Specially displayed image from Dall.E, chart from traudingView.com
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