This Long-Time Dogecoin Bull Made A Valentine's Day Prediction About DOGE, SHIB Comebacks — Here's How It Is Playing Out

Renowned crypto enthusiast David Gokhshtein anticipated a remarkable rally for both Dogecoin DOGE/USD and Shiba Inu SHIB/USD on Valentine’s Day this year.

What Happened: In a post on X, formerly Twitter, Gokhshtein expressed his unwavering belief in the potential resurgence of DOGE and SHIB. His tweet read: “I still believe that $DOGE and $SHIB will make tremendous comebacks as well.”

See Also: Arthur Hayes: ‘Shiba Inu Killer’ Dogwifhat Headed To $2, ‘Hat Stays On’ Following 330% Weekly Rally

Fast forward to today, and Gokhshtein noted that Dogecoin had hit the 20-cent level. The meme coin has rallied nearly 108.9% over 30 days. SHIB has shot up a whopping 351.5% in the same time frame.

The recent rally has pushed Shiba Inu back into the top 10 most valuable cryptocurrencies, with its market cap of $24.09 billion inching closer to Dogecoin’s $26.62 billion.

While Dogecoin is now the ninth-largest cryptocurrency by market capitalization, Shiba Inu is the tenth-largest.

Why It Matters: At the time, when Gokhshtein posted on Valentine’s Day, each DOGE was trading at $0.086, while a SHIB was worth $0.000010. At the time of writing, DOGE has shot up to $0.185724 and SHIB to 0.000041. This translates into a gain of 115.96% for DOGE and 310% for SHIB.

This statement comes in the wake of a significant surge in the prices of both cryptocurrencies. Dogecoin experienced an 11.8% increase within 24 hours, marking a weekly uptick of over 104.5%, while Shiba Inu has seen an impressive 53% jump, taking its weekly gains to 300.14%.

Image via Shutterstock

Read Next: Dogecoin, Pepe, Shiba Inu Rally Raises Hopes For Impending Altcoin Season: ‘…Will Start Outperforming About The Time We Are Now’


Engineered by Benzinga Neuro, Edited by Shivdeep Dhaliwal


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CryptocurrencyNewsMarkets$DOGE$SHIBDavid GokhshteindogecoinMeme CoinsShiba InuShiba Inu DogShivdeep Dhaliwal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!