Shiba Inu passes DodgeCoin in the top 10 cryptocurrencies. The Two meme cryptocurrencies, both influenced by Shiba Inu dogs, are now in the top 10 in terms of market value. According to CoinGecko, as of Monday afternoon, dogecoin, which started as a joke in 2013, is at No. 10 with a market value of over $ 35 billion. It is currently trading at about 27 cents. The token called Shiba Inu, which was launched in 2020 for fun on dogecoin, is at number 9 with a market value of over $38 billion. Shiba Inu touched a high of 0.00008616 on Thursday.
Since Wednesday, both dogecoin and Shiba Inu have changed places frequently in the rankings, competing in some degree of hostility. In fact, the Sheba Ano community interprets tokens as “dogecoin killers.”
But while his supporters may not want to admit it, dogecoin and Shiba Inu have one key feature in common, Caitlin Cook, head of community at the crypto asset management tech company Onramp Invest, told CNBC Make It.
The Dogecoin founder points to the fact that if users fall victim to scams, the industry regards it as the victim’s fault, but that “billionaires manipulating markets” are regarded as “geniuses”.
This is the type of dangerous ‘free for all’ capitalism cryptocurrency was unfortunately architected to facilitate since its inception,” Palmer also said.
Crypto prices have fallen continually over recent months. In March and April, bitcoin was comfortably above $60,000, but over recent weeks its price has dropped to just above $30,000.
A new regulation from China saw a dramatic plunge in bitcoin’s appeal after three state-backed organizations – which include the China Banking Association – said in a statement that cryptocurrency is not “real”, and that it “should not and cannot be used as currency in the market”.
It also warned that consumers should be prepared to lose their holdings, as well as indicating that further regulation could be coming in the future, something that has been echoed by the Bank of England.
DogeCoin is trading with $0.270395 in the Crypto market. Currently, the coin is among the top ten digital coins. The high recorded price is $0.284250, while the low recorded price is $0.258233 in the last 24 hours.
According to the current position of the coin in the market, it has moved up by 0.1%. Showing that the coin is going well so far and has maintained its worth. Moreover, it has moved up by 4.0% in the last 24 hours. In fact, it’s a good percentage for the coin.
Let’s have a quick glance at the fluctuations in the last few days. On 28 October, the coin was trading with $0.332713 at 23:00:54. Far better than the current price and that’s why the coin has dropped down by -2.8% in the last seven days. Though it has gained a great worth in the recent hours.
On 29 October, it dropped to $0.309634 at 00:02:32. Verily at the start of the day, it dropped its worth. In addition to that, almost at the end of the day, at 22:04:56 the coin lowered its price and hit $0.288004.
Additionally, on 30 October it hit $0.270915 at 23:05:17. It was frequently dropping since 28 October but now once again it has got momentum in the last few hours. Additionally, on 31 it dropped to $0.257915. It was alarming for the coin as it was constantly dropping down but got potential today.
Moreover, on 1 November (today), it reached $0.274396 at 00:08:04. Then at 06:03:25, it reached $0.280236. However, currently, it’s trading at $0.270395 in the digital market.
In a nutshell, the coin‘s position seems firm, though it has got so many fluctuations it can retain its position. Besides, DogeCoin has fixed its position in the top ten and is considering the best platform to invest in. One should invest before in-depth analysis of all the coins in the market. Dogecoin and Shiba Inu coins are the real emerging digital cryptocurrency that can be proven remarkable assets for the holders.