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One of the most popular meme tokens
Dogecoin (DOGE) and Shiba Inu (SHIB) are on the rise together today.
According to data from CoinGecko, DOGE and SHIB prices have risen by nearly 10% in the last 24 hours.
There is no obvious development behind the rise in the price of DOGE or SHIB. Social media platform X, formerly known as Twitter, today introduced the ability to make video and voice calls on the platform.
DOGE investors have been waiting for Elon Musk to add the token as a payment option to the platform for several months due to Elon Musk's interest in the token.
The total trading volume of DOGE and SHIB is close to $1.5 billion, up from around $400 million at the beginning of the week.
The more than 50% growth in open interest in DOGE and SHIB futures also indicates that investors are starting to take risks.
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