

Dogecoin and Shiba Inu coins have sparked a meme coin fanatic. Will it continue to soar in August?
Jul 11, 2025 pm 09:12 PMThe market potential of Dogecoin and Shiba Inu coins in August depends on several key factors. 1. The core driving force of Dogecoin lies in its strong social culture and celebrity effect, especially the influence of Musk's speeches, and the progress that may be integrated into the X platform payment system; 2. The key highlight of Shiba Inu Coin is its practical transformation, especially the main network online time, stability and adoption rate of Shibarium Layer 2 solution; 3. Overall market sentiment, if mainstream currencies such as Bitcoin remain stable or rise, it will be beneficial to the performance of Meme Coin; 4. The popularity of social media and narrative competition, including whether the new Meme Coin is diverted to funds, will also affect the trend of both.
Meme coin phenomenon: more than just a joke
Meme Coin is a digital asset that originates from internet memes or social hot jokes. Unlike traditional projects, their initial value usually does not depend on complex technologies or clear application scenarios, but is rooted in community consensus and viral network transmission. This unique cultural attribute makes it extremely sensitive to market sentiment and social media dynamics, and often shows huge price fluctuations in a short period of time.
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The core highlights of the two protagonists
Dogecoin (DOGE): The community power of the originator of memes
As the pioneer of Meme Coin, Dogecoin has a large and extremely loyal global community. Its main advantage lies in its wide popularity and strong cultural symbolic status. Dogecoin's price trend is largely affected by the celebrity effect, especially Elon Musk's remarks on social platform X (formerly Twitter), which often directly trigger violent fluctuations in its prices. For August, any rumors or progress about Dogecoin being integrated into the X platform payment system will be its most important potential catalyst.
Shiba Inu Coin (SHIB): Challenger of Ecological Construction
Shiba Inu Coin has positioned itself as a "dogcoin killer" since its inception, but it has not stopped at a simple meme label. The SHIB team has been committed to building a complete ecosystem, including a decentralized trading platform, a meta-universe project and the highly anticipated Layer 2 solution, Shibarium. The official launch of Shibarium is regarded as the most critical positive event for SHIB in August. It aims to reduce transaction costs, increase processing speeds, and provide a foundation for the development of in-ecological applications, which is considered a key step in driving SHIB's transition from pure memes to practical tokens.
Key factors affecting August trends
Whether Dogecoin and Shiba Inu can continue their rise in August depends on the following core levels:
- Overall market sentiment: The overall health of the macro crypto market is the basis. If mainstream assets such as Bitcoin remain stable or rising, it will provide a more favorable capital environment for high-risk assets such as Meme Coin.
- Key technological progress: For Shiba Inu Coin, the launch time, stability and initial adoption rate of Shibarium mainnet are decisive factors. A successful release may ignite market enthusiasm, but otherwise it may lead to the spread of disappointment.
- Celebrity effect and community popularity: Dogecoin prices remain highly dependent on the voices of key opinion leaders . The popularity of discussions about DOGE on social media is an important indicator for measuring market sentiment.
- Narrative and Competition: Whether the market will continue to pursue "meme" narratives, and whether there are new and more attractive meme coins that have diverted funds, is also an important variable that affects their performance.
Summary and prospect
In short, the market performance of Dogecoin and Shiba Inu in August will be a contest between "narrative" and "substantive". The highlight of Dogecoin is its powerful cultural symbols and potential platform adoption stories, while Shiba Inu's future bets more on whether the Shibarium ecosystem can be successfully implemented and produce practical benefits.
For market observers, rather than predicting specific rises and falls, it is better to pay close attention to the progress of the catalyst events mentioned above. The volatility of meme coins means that opportunities and risks coexist, and their price changes are often rapid and violent. In the future, whether such assets can prove their long-term value through construction of practical applications will be a question that the entire meme coin sector needs to answer together.
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