The Dogecoin and Shiba Inu prices are rising today, sparking a bullish sentiment among investors. This comes following the massive wave of sell-offs earlier in the week, which led to a significant decline for the foremost meme coins. 

Why The Dogecoin And Shiba Inu Prices Are Rising

CoinMarketCap data shows that the Dogecoin and Shiba Inu prices are rising today, indicating that a bullish reversal may be on the horizon. This price surge has been due to developments on the macro side, with the Federal Reserve leaving interest rates unchanged at the 4.25% to 4.5% range.

The Federal Reserve keeping rates unchanged is typically bearish for the Dogecoin and Shiba Inu prices. However, Fed Chair Jerome Powell’s speech after the FOMC meeting provided some bullish momentum for the crypto market, which is why foremost meme coins are rising today. 

Although Powell said they were in no hurry to cut rates, he added that financial institutions were free to serve crypto clients as long as the risks involved were managed appropriately. This immediately sparked a bullish sentiment among crypto investors seeing as the US Central Bank has indirectly given the nod for crypto adoption among banks. 

Moreover, it comes as Morgan Stanley CEO Ted Pick recently revealed that the bank was working with regulators to explore crypto services. As such, Powell’s speech is timely and provides a bullish momentum for the Dogecoin and Shiba Inu prices and the broader crypto market. 

The Bitcoin price had also surged above $105,000 following Powell’s speech. Bitcoin’s rally has also contributed to rising Dogecoin and Shiba Inu prices. The foremost meme coins are known to share a strong positive price correlation with the flagship crypto and rally when BTC does. Based on the correlation, crypto analyst Kevin Capital stated that the Dogecoin price is waiting for BTC to make its next big move, and when that happens, it will be explosive for the meme coin. 

What Next For DOGE And SHIB

In an X post, crypto analyst Trader Tardigrade provided insights into what could come next for the Dogecoin price. In an X post, he said Dogecoin could witness a similar 6-month rally to one in the 2021 bull run. This came as he identified a comparable DOGE structure that emerged in the previous cycle.

In another X post, he stated that the DOGE/BTC chart suggests a big candle might appear next month for the Dogecoin price. His accompanying chart showed that the foremost meme coin could rally to as high as $2 when this big candle occurs.

Meanwhile, crypto analyst Investing Haven provided a bullish outlook for the Shiba Inu price. He noted that while other meme coins crashed, SHIB has remained strong with less than a 20% correction in January. He added that Shiba Inu has formed a bullish W reversal and is sitting between key Fibonacci levels.

Featured image from Unsplash, chart from Tradingview.com

Solana seems to be eating Ethereum’s lunch after taking 50% of the decentralized exchange (DEX) market recently. In one instance, it even reached a staggering 89% market dominance.

There are two reasons why Solana is suddenly covered in rocket fuel:

1. The Pump.fun launchpad – which makes it much easier to launch meme coins – has exploded in popularity.

2. The launch of the $TRUMP and $MELANIA coins on the Solana blockchain helped it to become even bigger.

The downside to all this? The increased trading activity put more pressure on Solana than ever before. But good news may be coming down the pipeline.

Could the launch of Solaxy ($SOLX) – the first-ever Solana Layer-2 – cement Solana’s position as the most dominant blockchain in the DEX market?

Jupiter Acquires Moonshot & Solana Surges Despite Congestion and Bottlenecks

Solana got a further boost with the announcement that DEX platform Jupiter – which accounts for 70% of Solana’s transaction volume – has bought Moonshot, a self-custodial app that lets users buy meme coins.

After $TRUMP’s launch, Moonshot shot to the top of the iOS App Store charts, with one million active app users and $400M worth of trades during peak activity.

This is why Jupiter acquiring Moonshot is such a big deal. Thanks to it, Solana’s adoption will keep growing, and its reputation in the meme coin sector should skyrocket. It also puts it in pole position to build momentum and push back all competitors.

However, Solana’s trading surge during the $TRUMP hype (when total transactions went over $20B) also showcased the persistent problems in its infrastructure. More specifically, congestion and bottlenecks, as well as higher transaction fees and, in some cases, failed transactions.

This is why investors are keenly watching Solaxy ($SOLX), one of the hottest presales of 2025.

Solaxy L2 to Innovate Solana – Buy Today And Become Part of The Future

Solaxy ($SOLX) is the first Solana Layer-2 (L2) chain in the world, and it promises to upgrade the Solana blockchain to make it lightning fast – and cheaper to boot. Here’s how:

• Roll-up technology: Transactions are processed off-chain and bundled together, optimizing on-chain validation and reducing congestion.
• Modular infrastructure: Plug-and-play components allow developers the flexibility to create projects for any use case, from meme coins to financial systems.
• Off-chain processing: Because transactions are processed on the Layer-2 Solaxy chain, they are faster, more scalable, and cheaper.

This makes Solaxy ideal for high-frequency dApps like gaming ecosystems, micro-transactions, meme coins, and custom financial apps.

If Solaxy succeeds in these objectives, then it could become one of the biggest crypto coin winners of 2025. This makes it a coin you should seriously look at as part of your crypto portfolio.

Imagine how far Solana can go with its existing problems fixed. Big Solaxy gains are definitely possible. There are less than two days before the next Solaxy price increase, so now’s the time to buy your Solaxy coins.

Just head on over to the Solaxy website and connect your wallet. You can use crypto (like $SOL or $ETH) or a credit card to buy your coins. The current token price is $0.00162, and the staking APY is 243%. So there’s still time to lock in a great price before the next increase.

As well as your coins, you’ll also get governance and voting rights, so you can have a voice in the future of Solaxy and Solana.

Before Buying Solaxy, Do Your Own Due Diligence!

Remember, we only make predictions, not guarantees. Despite our bullish Solaxy outlook, you should do your own research and make an educated decision only after you’ve consulted authoritative sources.

Never spend what you can’t afford to lose. That way, you can have fun investing in crypto without having to worry about telling your partner why you lost the budget for the month’s groceries.

While the global cryptocurrency market rebounds from a recent decline, as the market cap rises by almost 2%, Bonk (BONK), the pioneering dog-themed coin on the Solana blockchain, has experienced a notable price decrease. As of January 29, 2025, BONK is priced at $0.00002531, reflecting a drop of 17.60% in the last week.

This drop follows BONK hitting its peak of $0.00005916 on November 20, 2024, prior to a pullback of 57.21%. As the meme coin faces a significant drop, Nebula Stride (NST), a new player concentrating on tokenizing real-world assets, is attracting attention as a possible profit generator.

BONK Price: Market performance

Despite recording nearly 17% and 14% in losses, over the past week and month respectively, BONK’s price has experienced substantial growth. Launched on December 25, 2022, under the motto “for the people, by the people,” BONK sought to restore liquidity to decentralized exchanges (DEXs) based on Solana.

Fifty trillion coins, representing half of its total supply, were airdropped to the Solana community, which included NFT creators, developers, and artists, to promote a community-focused ecosystem.

This effort not only increased the SOL token’s price by 34% within 48 hours of its launch, but also led to BONK’s trading volume skyrocketing to around $20 million on Orca, a DEX based on Solana.

Since being listed on major exchanges on December 30, 2022, BONK has witnessed an astounding increase of more than 20,000%. This positrioned it as one of the best meme coins to invest, based on return percentages for 2023.

Is BONK Price Bullish Reversal on the Horizon?

Despite this recent downturn, BONK continues to engage its communit. With over 350 onchain integrations, it has recently concluded its “Year of The BONKdragon” event. Rewards from this event will be claimable from February 4th to February 18th, 2025, potentially benefiting all BONK holders.

Moreover, technical analysis from market observers like @TheEuroSniper suggests a potential price reversal as the top dog-themed meme coin approaches a significant demand zone following a treble drive pattern, hinting at a possible bullish future.

Looking for this on $BONK 🎯

Treble drive into weekly demand! pic.twitter.com/iA7iqMHiW9

— €ｕｒｏＳｎｉｐｅｒ (@TheEuroSniper) January 29, 2025

Nebula Stride (NST): The New Contender

In the midst of BONK price fluctuations, another digital currency, Nebula Stride (NST), is attracting investor interest. NST is establishing its presence as one of top RWA tokens, by prioritizing user-friendly infrastructure that links the cryptocurrency domain with tangible economic assets.

By facilitating fractional ownership of physical assets, NST expands a multi-trillion-dollar market to a wider audience. This was once available solely to the affluent. This real-world asset (RWA) strategy might result in notable price increases. It might also help increase adoption, establishing NST as a likely front-runner in the sector.

NST is currently trading at $0.02. Analysts are suggesting high potential returns as the platform expands and the concept of tokenization gains momentum. The token offers a low entry barrier, making it attractive as an early-stage cryptocurrency for both institutional funds and individual investors. It is appealing to those interested in diversifying into tangible assets supported by a comprehensive ecosystem in the RWA sector.

Final Thoughts: BONK vs NST as Two Diverging Paths in the Evolving Crypto Market

As the crypto market continues to evolve, the contrast between BONK’s community-driven meme coin approach and NST’s focus on real-world asset integration presents two different visions for the future of digital currencies. While BONK price navigates through correction, NST comes in the limelight. NST’s innovative model might indeed make it the next big profit maker in the cryptocurrency landscape. Investors are watching closely as both tokens navigate their respective paths in this dynamic market.

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Jane Lubale

With over four years of experience in the cryptocurrency, Fintech, blockchain, and Web3 industries, I bring a wealth of knowledge and expertise to every piece I write. Backed by a Masters in Business Administration, my writing combines insightful analysis with a deep understanding of market trends, technological advancements, and regulatory landscapes. Whether crafting engaging articles, informative guides, or thought-provoking analyses, I strive to deliver content that informs, educates, and inspires readers in this rapidly evolving space.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.