$64,402.00
0.51%$3,142.75
-0.05%$6.89
0.21%$609.82
0.32%$144.22
-1.85%$0.999941
-0.01%$3,140.03
-0.11%$0.526541
0.45%$0.15105
0.48%$5.40
-0.98%$0.470346
-0.56%$0.00002577
2.96%$35.57
0.42%$0.117035
2.69%$64,421.00
0.57%$477.52
0.09%$14.91
0.56%$7.30
7.31%$0.722401
2.30%$85.36
2.77%$13.48
-1.43%$7.79
0.03%$5.77
0.29%$1.002
0.08%$0.116001
2.71%$26.89
2.91%$2.64
-3.80%$8.95
0.05%$1.11
0.75%$0.125724
0.35%$8.48
0.40%$0.113237
-0.64%$5.99
0.28%$8.30
-1.52%$0.00000763
3.69%$52.58
-1.93%$3,082.01
0.43%$3.03
2.81%$2.06
-5.54%$447.41
-3.40%$2.96
-0.99%$1.084
-1.38%$0.03955621
0.24%$0.119457
0.91%$2,901.40
2.05%$3,246.69
0.12%$2.41
0.14%$0.263227
-0.85%$2.41
3.51%$26.38
-0.29%$0.998738
0.11%$2.24
-1.34%$33.82
7.53%$120.16
0.76%$0.739643
1.94%$2.33
0.85%$10.59
-2.88%$0.00018956
2.39%$5.44
1.95%$3,471.51
-0.08%$1.99
-0.01%$0.00002621
6.64%$0.208076
2.40%$1.20
-0.43%$0.598439
0.24%$0.04692071
1.29%$109.08
1.48%$1.19
-2.50%$3,217.85
0.16%$0.02722719
-0.93%$9.84
-0.26%$0.02784012
-0.48%$0.920814
0.30%$1.021
-2.59%$90.23
0.48%$0.00000135
7.78%$66.16
-1.15%$18.05
1.59%$3,122.82
-0.92%$0.841158
-2.28%$0.03047615
-0.45%$0.913889
-2.16%$0.79594
-4.55%$42.83
3.18%$0.615673
14.36%$2.20
0.40%$4.66
-3.65%$0.00005375
6.15%$0.118425
2.25%$7.33
0.03%$0.462833
1.15%$1.08
-3.21%$2.41
24.28%$12.83
-1.24%$7.64
0.14%$1.014
0.87%$10.25
3.44%$0.249141
1.97%$2.92
3.47%$4.82
0.83%$0.819913
-4.44%$2.94
-7.95%$0.846697
-0.45%$16.25
0.41%$0.01854766
-1.29%$0.595012
-1.89%$42.42
-2.15%$170.27
-1.65%$1.18
1.47%$0.460337
1.17%$329.81
-1.21%$0.123664
7.41%$1.28
3.77%$3,114.88
0.08%$0.01762536
-3.00%$0.703054
-2.37%$0.23301
-1.16%$0.667334
-4.48%$12.62
-4.65%$0.977628
-0.84%$2.78
-3.29%$0.192782
-0.34%$1.076
-7.25%$1.22
-1.08%$18.23
2.66%$2.20
0.39%$3,312.22
-0.10%$0.10036
0.68%$169.66
-1.75%$4.01
12.80%$0.998346
-0.08%$3,129.24
-0.35%$0.0001091
5.24%$0.387449
2.49%$0.0000003
-1.22%$97.02
0.16%$0.926719
-2.38%$1.43
-2.03%$1.70
-0.20%$0.386226
-1.59%$34.24
0.75%$0.105183
-3.98%$0.01073581
0.58%$3.54
-1.82%$0.316209
-2.81%$1.88
0.17%$2,345.66
0.90%$3,352.50
-0.17%$0.937717
-1.53%$0.060637
-0.09%$0.698752
2.63%$0.00165595
-1.23%$5.76
-4.64%$0.03967934
-0.74%$0.052177
2.17%$0.438766
1.33%$0.051526
0.57%$3,402.59
-0.03%$1.001
0.10%$0.373318
-1.19%$0.0056834
-3.12%$0.43435
1.91%$4.99
-1.51%$0.02906858
2.48%$0.335023
1.71%$0.00000049
1.77%$0.245231
1.46%$0.091178
-2.77%$14.59
2.75%$0.02549922
0.63%$0.00258755
2.57%$0.03312554
1.57%$14.64
1.42%$4.30
-5.89%$1.077
0.04%$1.79
-0.00%$0.456813
33.02%$0.818378
0.70%$0.633957
2.17%$2.06
0.42%$0.512551
0.54%$21.34
-2.75%$0.958702
-2.12%$2,333.25
1.27%$0.00749228
-1.64%$0.585615
1.55%$0.403932
-1.03%$1.60
-1.43%$3.99
1.29%$0.00740461
-1.02%$3.82
1.60%$3.55
-2.33%$0.04613505
-20.85%$3,221.07
0.05%$0.258513
0.36%$0.834754
0.91%$0.385768
-0.01%$0.947634
-0.08%$3.17
-2.77%$55.91
0.45%$63.17
-0.04%$0.0313633
1.40%$0.492447
-2.12%$0.132778
3.78%$30.61
2.15%$63.15
-1.28%$4.49
-0.15%$0.02831576
8.59%$21.95
-3.01%$5.38
1.42%$0.385133
-5.58%$23.07
1.56%$0.498585
-22.05%$0.03768273
-3.29%$0.68962
-1.58%$1,293.35
0.54%$0.434881
-1.14%$3.48
1.22%$3.64
-5.06%$0.03420373
-0.22%$0.03322231
1.02%$0.262045
0.67%$0.00
9.35%$7.96
-0.17%$0.737469
-0.70%$0.00623607
0.82%$30.59
1.17%$0.913496
-1.02%$43.68
-1.88%$0.999175
-0.06%$2.01
-1.38%$27.20
-0.69%$1.20
0.72%$2.44
0.59%$0.892725
-1.60%$35.52
-5.90%$0.321623
0.63%$3,291.69
0.56%$3.26
-4.14%$1.85
3.23%$0.158543
5.40%$0.00353569
-2.15%$29.60
0.53%$40.49
0.38%$65.52
0.33%$0.259489
-1.94%$0.31742
2.64%$0.02088412
0.74%
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.
