Dogecoin Down 16%, Shiba Inu 12% As Crypto Market Burns

After the dogecoin hype invoked a new ERC20 token project called Shiba Inu, the crypto asset has been making waves throughout the crypto industry. On Wednesday, the cofounder of Ethereum, Vitalik Buterin donated $1 billion worth of Shiba Inu to India’s Crypto Covid Relief Fund. Then a few days later on Sunday, Buterin decided to burn 410.24 trillion Shiba Inu tokens worth over $6 billion using today’s exchange rates. Buterin Burns $6.6 Billion Worth of Shiba Inu Tokens A new token called Shiba Inu (SHIB) has been a topical discussion within the digital currency community, aside....

Over the last few months two distinct dog cryptocurrencies, shiba inu and dogecoin, have been making waves within the crypto economy. While dogecoin has been around since 2013 and has seen massive gains during the last year, the relatively new ERC20 crypto shiba inu has jumped significantly in value as well. Both Dogecoin and Shiba Inu Have Outshined Bitcoin’s Market Performance The cryptocurrencies dogecoin (DOGE) and shiba inu (SHIB) have made huge gains in 2021. In fact, both of these digital assets have outshined a great number of cryptos as far as percentage gains against the....

The crypto market has been on a recovery trend and with it have been digital assets like Dogecoin and Shiba Inu. Both assets had touched points they hadn’t seen in months following the crash but have since recovered some of their lost value. To be clear, Dogecoin and Shiba Inu are still a long way […]

The meme-based digital asset shiba inu has entered the top ten largest crypto assets by market capitalization, knocking dogecoin down a notch. In the last 30 days, the shiba inu token climbed 976% capturing a market cap of over $40 billion. Meanwhile, the concentration of shiba inu whales is still quite large these days alongside the massive circulating supply of 549 trillion tokens. Shiba Inu Taps All-Time Price Highs Knocking Down the Dogefather This week the crypto asset shiba inu (SHIB) reached an all-time high (ATH) on a few occasions, including today, during the early morning trading....

While Dogecoin remains down, DOGE’s sister coin Shiba Inu enjoys movement up as SHIB’s value increase 25% in the last 24 hours. Bad Week For Dogecoin, Great For Shiba Inu Though Dogecoin remains the number one memecoin by market cap, the crypto hasn’t had a great time lately in terms of price movement. DOGE’s relative, […]