Are Dogecoin and Shiba Inu On A Bull Trap? These Coins Are DOGE and SHIB Threats Too

The market is looking bearish this morning, but Dogecoin (DOGE) and Shiba Inu (SHIB) are some of the coins posting increments over the last 24 hours. At the time of this writing, Dogecoin had increased 5% in the past 24 hours, while Shiba Inu's price had increased 0.6% during the same time. This is at a time when their rivals, Bitgert (BRISE) and Centcex (CENX), have been stable with minimal declines. 

However, crypto analysts caution crypto investors regarding the Dogecoin and Shiba Inu price pump. This could be a Bull trap for investors as the market has been bearish, and these coins have also been bearish this week. So Shiba Inu and Dogecoin whales might be playing tricks on investors only to dump when the prices go up.

Note that Dogecoin and Shiba Inu have been plummeting hard for almost a week. These coins are shedding most of the gains they had made in the last few weeks. Crypto analysts believe that the shedding is not over yet, as the prices for these coins are still high. This is compared to prices before the coins started pumping.

The hype around Twitter adopting Dogecoin (DOGE) and Shiba Inu (SHIB) is now dying, which is why these coins are plummeting. Until when the coin reaches the mid-October price, then we are looking at high-risk coins this week. That's why crypto analysts believe the pump that started yesterday could be a bull trap.

Bitgert and Centcex Competition

In addition to Shiba Inu and Dogecoin hype dying, the competition from better mooning coins is taking a toll on them. The Bitgert (BRISE) and Centcex (CENX) are the two biggest threats for DOGE and SHIB today. These are coins that price is being grown by the adoption of their products and projects and not just the hype.

The price-performance for the Bitgert and Centcex is a reflection of the coins. The surge that these coins are experiencing is expected to continue this weekend and this week because it is driven by the products and projects delivered already and the hype of the upcoming products.

Centcex just released BriseSign on the Bitgert chain, and there are more products coming from the Centcex team in the next few days. Bitgert is also working on releasing more products and partnerships in its ecosystem.

Therefore, Bitgert and Centcex coins' impressive price growth is being driven by the first growing adoption of their products. These coins' growth is therefore sustainable hence a perfect buy today.