Doge is Up 12,000% Since January. Can Logarithmic Finance (LOG), And Shiba Inu (SHIB) Follow?

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Dogecoin (DOGE) and Shiba Inu (SHIB) are tokens both based on memes. Both tokens were created as lighthearted alternatives compared to traditional cryptocurrencies, yet despite their nonchalant stance, they seem to be picking up steam. It is known that Bitcoin (BTC) will only ever have 21 million Bitcoins, making it scarce and highly unique. Whereas Dogecoin is intentionally created, spawning 10,000 new coins mined every minute, with an unlimited supply.

You would assume that would devalue the project due to hyperinflation protocols, as every coin is worth pennies. Yet, in 2021 (DOGE) became one of the largest cryptocurrencies by market cap - with a total value that topped $80 billion. On Wednesday, Dogecoin briefly hit an all-time high of $0.69, which is more than 12,000% since January 1.

Dogecoin (DOGE) appears to be picking up momentum as it hovers above a significant support floor, indicating that it may recover soon.

This barrier is an inflexion point and could make the (DOGE) situation go one of two ways. 

Dogecoin price has seen