Dogecoin (CRYPTO:DOGE) and Shiba Inu (CRYPTO:SHIB) have seen significant price gains in the past 24 hours, driven by various bullish indicators.

Dogecoin's increased interest from investors, reflected in rising new and active addresses, along with positive network growth metrics, has fueled a resurgence in trading activity and sentiment.

Shiba Inu's bullish on-chain metrics, including increased large transactions and positive fundamental developments like the launch of its decentralized exchange on Shibarium, have contributed to its recent price surge.

Technical analysis also supports the upward momentum, with Shiba Inu showing signs of a breakout, potentially reaching $0.000072323.

Both meme coins are currently trading higher, with Dogecoin up over 12% and Shiba Inu up over 7% in the last 24 hours, indicating growing investor interest and optimism in the market.