Why Dogecoin and Shiba Inu Are Rocketing, but Bitcoin Just Inched Up

·3-min read
Why Dogecoin and Shiba Inu Are Rocketing, but Bitcoin Just Inched Up

In early Thursday morning trading, as of 9:45 a.m. EDT, the price of Dogecoin (CRYPTO: DOGE) is surging 29% and Shiba Inu (CRYPTO: SHIB) is up 27%. Bitcoin (CRYPTO: BTC) on the other hand -- the granddaddy of cryptocurrencies -- is up a much more modest 4.1%. At the most basic level, what's happening here is momentum trading.

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