In brief
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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$67,856.00
2.95%$3,264.50
2.86%$579.76
1.57%$181.99
5.73%$0.999689
0.03%$0.59987
-0.52%$3,264.38
2.93%$0.13339
5.73%$6.70
1.24%$0.415603
5.23%$0.137297
1.09%$28.59
5.08%$67,871.00
3.02%$0.00001698
3.39%$13.56
4.59%$5.85
2.02%$377.88
3.97%$5.70
5.65%$7.67
5.26%$5.82
-0.61%$71.39
3.35%$3,412.50
3.06%$0.00001196
4.28%$0.513682
3.33%$9.78
-0.83%$0.181961
2.96%$22.90
3.69%$6.99
5.59%$0.998755
0.17%$1.28
6.87%$0.103081
1.26%$162.06
-0.51%$0.850104
2.74%$1.86
3.30%$4.65
11.00%$6.70
8.39%$2.62
3.17%$25.70
7.45%$350.54
7.43%$40.99
2.60%$0.068535
3.85%$0.091433
1.96%$2,633.77
-0.41%$0.724622
3.80%$6.16
4.10%$1.55
6.49%$0.02874876
5.13%$30.95
2.79%$0.999894
0.27%$0.00002863
5.24%$0.784642
4.98%$1.73
1.93%$0.20047
5.83%$3,655.68
2.85%$3,315.00
2.94%$0.00018001
2.96%$1.14
2.88%$3,396.15
3.08%$4.67
4.28%$1.51
7.65%$0.01426938
4.77%$10.10
0.07%$97.51
4.95%$1.073
11.32%$1.001
4.72%$0.39437
4.94%$1.57
3.28%$0.02889738
4.64%$0.132116
9.33%$0.460538
6.13%$1.37
3.88%$6.00
5.25%$0.371061
3.97%$0.143111
4.71%$3,266.50
2.86%$73.06
1.01%$0.673268
6.33%$1.19
0.34%$7.59
1.40%$219.51
5.59%$0.947119
13.54%$9.70
2.48%$0.01837699
7.77%$33.50
3.26%$6.08
6.97%$5.29
0.61%$45.25
5.97%$26.77
1.99%$0.02377298
5.75%$0.576957
3.81%$0.01934923
2.09%$0.00000088
5.48%$10.41
2.79%$11.74
5.61%$3,325.77
2.77%$38.66
8.52%$3.31
6.70%$1.30
5.62%$0.461042
8.59%$0.777318
4.19%$0.329068
7.33%$0.175926
19.68%$2.33
-0.19%$1.001
0.13%$0.00003723
10.93%$0.00803944
7.18%$0.538036
5.84%$2.36
11.53%$2.07
3.53%$0.00000033
6.17%$1.21
2.87%$3,519.45
2.84%$0.996765
0.07%$0.343178
7.06%$2.39
10.10%$0.070229
5.56%$3,266.58
3.04%$3.89
5.29%$0.999363
0.03%$0.00000167
-1.70%$0.088494
4.77%$0.523927
6.15%$0.161355
3.82%$0.00858994
7.73%$2,386.23
0.84%$0.529264
10.68%$1.74
5.87%$214.96
-1.52%$0.165009
4.74%$0.01238549
3.77%$9.51
2.91%$3,474.97
3.00%$0.14389
3.71%$0.789934
5.76%$0.075304
4.41%$0.291689
4.73%$4.71
2.83%$0.932118
14.22%$15.09
5.41%$3,564.22
2.80%$0.677671
3.91%$1.00
0.12%$1.16
0.28%$32.42
6.98%$0.371638
2.89%$0.03123982
0.86%$0.00008551
5.00%$1.98
3.15%$0.069026
3.97%$0.420991
7.43%$67.76
-2.92%$0.524453
13.30%$26.28
6.14%$2,383.13
0.61%$1.023
3.22%$0.00000043
0.74%$0.00423755
4.64%$0.04478261
1.65%$1.023
0.49%$0.00600826
6.80%$0.080706
6.08%$0.996408
0.01%$3.24
21.49%$0.481636
2.94%$3.97
1.12%$0.053369
1.18%$3.23
-10.78%$0.198056
4.86%$3,380.57
2.81%$2.19
7.17%$0.972773
7.10%$0.78008
-1.36%$1.45
5.98%$51.35
3.20%$0.775442
10.42%$0.01547124
4.53%$65.61
2.63%$0.153021
7.59%$0.189445
19.58%$0.345002
6.48%$0.550545
5.35%$16.32
3.65%$0.39406
12.63%$0.188891
5.23%$1.72
8.13%$21.65
5.18%$8.21
1.85%$0.486846
2.98%$0.599577
7.47%$0.191939
-3.04%$0.01723174
5.35%$26.98
4.68%$0.04810061
-1.02%$0.138592
6.77%$7.44
3.18%$0.00092913
-1.18%$0.265719
5.22%$0.189361
5.20%$6.76
15.50%$0.03085812
6.34%$0.566544
5.51%$0.00528743
3.07%$0.00170965
3.66%$0.02870567
6.13%$0.741231
9.65%$2.56
6.68%$1,362.75
3.04%$1.30
5.93%$0.02962431
2.60%$0.271852
6.37%$1.99
-0.29%$3,428.96
2.80%$0.193378
5.59%$67,803.00
2.94%$0.395403
3.52%$0.629454
31.89%$0.415704
6.15%$2.99
12.22%$29.38
2.49%$0.01544186
2.26%$0.073883
4.21%$48.88
8.40%$2.56
5.43%$2.59
5.14%$0.00529717
6.33%$0.01906571
3.07%$71.60
7.30%$0.02126172
2.93%$0.307019
7.71%$0.04871611
7.40%$3.81
3.43%$0.69733
3.96%$0.998784
0.11%$2.10
17.30%$3,410.95
2.97%$0.00430246
3.56%$0.485617
2.60%$2.39
4.96%$33.24
5.43%$0.02939408
4.37%$0.278162
-0.46%$2.82
-0.76%$2.75
8.74%$0.554972
6.93%$0.02319854
5.86%$0.00070758
1.30%$1.56
18.72%$1.047
0.30%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.