In brief
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$95,940.00
-1.85%$2,608.06
-2.27%$2.42
-0.38%$198.27
-1.31%$645.37
3.98%$0.999931
-0.00%$0.253642
-0.99%$0.783465
9.39%$2,605.14
-2.24%$0.240947
-2.19%$95,792.00
-1.80%$18.70
-0.80%$25.41
-1.27%$3,107.68
-2.04%$3.33
3.47%$0.318021
1.37%$3.75
-1.96%$0.00001574
-0.65%$9.82
-0.28%$119.39
-0.18%$0.229272
-1.28%$1.00
-0.10%$23.44
0.40%$2,608.67
-2.21%$6.35
-1.52%$4.82
-0.82%$331.97
0.58%$1.00
0.05%$5.81
-4.67%$9.38
-1.28%$2,761.67
-2.06%$1.34
0.41%$223.46
0.26%$0.00000963
0.16%$27.34
-1.25%$3.21
-0.20%$244.09
-3.84%$1.02
-0.23%$7.11
1.17%$413.40
6.15%$5.90
-4.95%$1.039
0.03%$15.39
-3.51%$20.25
-2.23%$50.85
4.02%$21.94
1.63%$0.03317482
-1.35%$0.308422
-1.63%$0.092511
-2.06%$0.096605
3.35%$95,931.00
-1.85%$0.286922
-0.86%$4.47
-0.01%$28.02
0.13%$0.826526
-1.20%$3.34
-2.35%$4.71
-2.24%$0.999244
-0.28%$0.464237
-1.89%$0.759361
-1.38%$95,466.00
-2.32%$3.25
-0.14%$3.95
0.25%$204.85
-1.16%$2,605.41
-2.19%$5.34
1.36%$2,698.98
-2.20%$12.19
0.23%$1.074
-2.30%$95,696.00
-1.74%$0.452749
3.57%$0.090872
1.19%$1.59
-0.24%$0.935406
-3.47%$14.27
-1.88%$0.443578
-8.08%$0.00001775
1.05%$0.780973
-4.02%$1.36
-1.00%$0.138559
-0.85%$1.31
-1.58%$2,928.13
-2.25%$0.540998
-2.58%$88.59
-0.29%$1.25
-1.16%$2,755.40
-2.11%$0.02042905
-4.52%$0.997976
-0.04%$19.07
-2.05%$0.02195655
-4.93%$0.228834
-2.46%$94,521.00
-1.81%$250.95
-0.88%$0.02274482
-1.53%$0.391486
-0.95%$0.618116
-3.13%$0.00009237
-3.03%$0.864936
-3.21%$0.00000087
-0.37%$1.33
11.31%$0.233765
1.39%$25.34
-1.72%$19,101.76
3.64%$2,700.01
-2.16%$214.67
-1.32%$954.39
-2.99%$0.510737
-0.33%$39.43
-1.17%$2.63
2.68%$95,829.00
-1.52%$645.64
4.18%$10.86
-1.96%$0.13073
-2.08%$1.00
-0.07%$0.201614
0.33%$1.15
-0.22%$2,897.19
-0.61%$0.534685
-0.18%$4.27
-1.50%$0.722561
8.15%$3.79
1.42%$0.02009406
-15.45%$0.254915
-0.30%$2,755.81
-2.19%$22.86
1.21%$0.996879
-0.06%$0.628302
-5.12%$0.01001441
-0.66%$1.00
0.06%$5.81
7.62%$9.40
4.85%$2,608.28
-2.27%$0.237012
-3.73%$0.325422
-2.21%$2,920.27
-0.49%$3.65
5.17%$0.785112
-4.35%$0.538611
35.77%$1.00
-0.06%$1.99
5.40%$0.00637599
10.05%$0.567425
-1.11%$0.114894
-1.28%$1.001
-0.22%$2,605.76
-1.85%$0.308743
-1.48%$2,608.41
-2.13%$0.752323
-1.44%$91,939.00
-2.70%$0.00708211
2.88%$0.058168
-2.45%$0.469463
17.93%$28.62
2.72%$33.35
1.25%$0.00996278
-3.90%$0.075685
-1.76%$0.00002602
-1.94%$0.549777
2.23%$0.710216
-1.49%$0.471115
1.38%$0.175311
-0.79%$56.10
2.59%$0.997483
-0.12%$95,936.00
-1.61%$0.00872563
-1.55%$95,549.00
-3.05%$1.35
-2.66%$0.00561889
-2.38%$0.187252
0.69%$1.89
-2.72%$0.464096
-5.50%$0.01039717
10.14%$174.78
-0.86%$0.00000045
-2.27%$95,719.00
-1.78%$83.96
-1.71%$0.04372991
-1.71%$1.92
-4.73%$0.347835
-1.60%$1.00
0.00%$7.46
40.59%$2,566.54
-2.24%$0.451385
0.97%$0.00007486
2.25%$1.009
1.96%$24.89
-1.00%$1.077
0.00%$2,606.26
-2.35%$7.25
-1.75%$0.106704
-3.55%$2,841.97
-2.24%$1.66
-3.25%$0.383733
-5.02%$0.915031
-0.76%$1.55
5.18%$1.074
-0.44%$4.77
8.37%$2,608.68
-2.20%$0.264525
-1.09%$95,408.00
-2.31%$2,739.22
-2.23%$2,609.72
-1.31%$0.812646
-1.70%$0.00460786
8.50%$2,818.87
-2.07%$3.22
8.24%$0.00393568
-3.76%$0.03416248
-1.29%$0.04933596
-9.87%$0.00114632
-2.78%$0.75148
-1.49%$0.03489755
-1.91%$0.731201
4.37%$0.00000084
-2.04%$0.787338
2.28%$0.967253
-5.25%$27.03
-0.33%$1,926.11
-1.86%$3.42
0.19%$0.999938
-0.10%$2.91
-0.43%$19.96
2.21%$0.642141
-1.05%$95,815.00
-1.68%$28.72
-0.52%$0.581172
-1.80%$0.315126
38.69%$0.309041
-0.66%$7.92
-2.41%$0.03941315
-3.05%$0.1361
-3.43%$0.00167856
2.07%$0.0437958
-3.28%$0.0029319
-2.27%$0.00285008
-1.20%$0.01472713
-1.27%$0.00624627
-1.80%$2,709.81
-2.12%$0.01332737
127.18%$2,818.12
-2.18%$0.999942
-0.02%$1.053
0.00%$2,897.54
-2.35%$0.270285
7.43%$0.180104
-2.78%$0.00303995
-0.43%$109.94
0.01%$0.268942
2.47%The cryptocurrency market is showing a little bit of life today after yesterday’s drastic collapse, during which many of the top coins had shed 10% or more of their value. Overall, the market is up a couple percentage points today—and when it comes to meme coins and tokens, Shiba Inu is rising at a higher clip than its chief rival, Dogecoin.
Shiba Inu (SHIB) is up about 5% over the last 24 hours, as of this writing, per data from CoinMarketCap, and currently sits at a price of $0.00001615. Dogecoin (DOGE), on the other hand, is up less than 1% at a current price of $0.109833.
What’s triggering SHIB’s speedier recapture of value? There’s no obvious sign this time around—no tweet or announcement from the creators or a major influencer, nor does the 24-hour chart show any sudden pops.
It’s possible that Shiba Inu simply fell harder yesterday amid the wider market carnage, and then has bounced back up a bit harder as a result. Meme coins and tokens are famously volatile and can swing wildly in value in either direction, even when it’s ultimately fractions of a penny.
Still, Shiba Inu has weathered the tougher losses of late. It’s down about 21% over the past week, and 33% over the past 30 days. Compare that to DOGE, which has shed about 16% of its value in the last week, and 23% during the last month.
Ultimately, both of the coins have lost a significant amount of their value since setting their respective peaks in 2021. Shiba Inu has dropped 81% in value since its October all-time high, while Dogecoin is down 85% since it peaked in May 2021 ahead of the wider market crash.
Compare that to the leading cryptocurrencies, Bitcoin and Ethereum, which are down 55% and 52% respectively from their all-time highs, both set last November.
Shiba Inu hit a seven-month low yesterday amid the overall crypto market chaos, while Dogecoin is down to its lowest point in more than a year—since April 2021.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.