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Gate Square New & Returning Creator Rewards are ongoing!
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Dogecoin (DOGE) and SHIB surged 30%, while Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) underperformed—what's going on?
Dogecoin (DOGE) surged 30% in four days, outperforming Bitcoin, Ethereum, and Ripple. Grayscale’s Dogecoin spot ETF (GDOG) and Bitwise’s Dogecoin spot ETF (BWOW) saw daily net inflows of $2.9 million and $1.6 million respectively on January 2 and January 5, with total net inflows reaching $6.24 million by January 6. Bloomberg analysts noted that this 2x Dogecoin ETF is one of the best-performing ETFs early in 2026. Dogecoin increased by 20.60% over seven days, with the super trend indicator turning bullish at $0.126. If trading volume expands and breaks through $0.15, it could signal further gains to $0.16-$0.17. Meanwhile, Shiba Inu (SHIB) rose 27% in January, marking its strongest January performance since 2023. Despite a 3% pullback during the period, it still gained 26.30% over seven days, with the Parabolic SAR (Parabolic SAR) turning bullish at $0.00000734. SHIB is currently trading above the 20-day moving average of $0.00000806 but below the 50-day moving average of $0.00000828; a closing price above $0.00000914 would confirm the continuation of the upward trend.