Shiba Inu Vs. Dogecoin And LUNA: Which One Will Survive The Crypto Carnage?
2022年5月11日 - 04:56PM
NEWSBTC
Shiba Inu is proving that despite the previous weeks’ turmoil in
the broader crypto market, it can stand its ground and be unfazed
by what’s going on. Following a severe selloff in the previous
session, major crypto tokens recovered on Wednesday. However, the
increases were modest, indicating sluggish market confidence.
Dogecoin and Shiba Inu, commonly known as “meme cryptocurrencies,”
have seen the most growth in recent years, but they have also
suffered significant losses as a result of this meltdown. Except
for Terra’s LUNA and the dollar-pegged Tether, other major crypto
tokens saw rises. Shiba Inu was up nearly 10%, followed by
Avalanche, Solana, which rose 5%. BNB and XRP both climbed by 3%.
Suggested Reading | Shiba Inu: Biggest Dollar Holding Among
Wealthiest Ethereum Whales The cryptocurrency market showed signs
of life on Wednesday, following the previous day’s precipitous
drop, during which many of the leading coins lost 10% or more of
their value. Shiba Inu is weathering the storm better than its
rivals (The Goa Spotlight) Shiba Inu Outperforms Dogecoin Overall,
the market is up a couple percentage points today, and when it
comes to meme coins and tokens, Shiba Inu is outperforming its main
competitor, Dogecoin. Despite a 70% collapse in the first three
months of 2022, which left the token severely bruised and likely on
the verge of extinction, it managed to crawl back up and remain in
survival mode. According to CoinMarketCap data, SHIB is up roughly
5% in the last 24 hours as of this writing, and is currently
trading at $0.00001615. Dogecoin (DOGE), on the other hand, is
currently trading at $0.109833, up less than 1%. Given the
influential people behind Dogecoin, it’s likely that its drop was
not as worrisome in comparison to other cryptos on the market. In
the wake of the broader crypto market upheaval, Shiba Inu struck a
seven-month low yesterday, while Dogecoin is down to its lowest
point in more than a year — since April 2021. SHIB total market cap
at $8.15 billion on the daily chart | Source: TradingView.com LUNA
Being Hammered The destabilization of UST caused panic selling of
heavyweights such as BTC and ETH, increasing overall market
volatility. The recent UST crisis exposed big weaknesses in the
algorithm-backed stablecoin system, which will need to be addressed
openly in order to regain investor trust. The value of UST’s
counterpart, LUNA, has roughly halved in the last 24 hours. It was
recently trading at $32 per share. The recovery of LUNA will be
dependent on the remedial actions made by the parent network/Luna
Guard Foundation, which has amassed a sizable Bitcoin reserve
through a series of large-scale BTC acquisitions. … So Does Bitcoin
Meanwhile, over the previous week, Bitcoin’s value has dropped by
more than 20%. This affects everyone who has money invested in any
sort of cryptocurrency, which is why many people are disposing of
their holdings at an alarming rate. The exact day and time of when
or if this decrease will come to a stop is unknown. Suggested
Reading | Bitcoin Price Crashes Below $30K As Markets Show Signs Of
Paranoia
Avalanche (COIN:AVAXUSD)
過去 株価チャート
から 2 2024 まで 3 2024
Avalanche (COIN:AVAXUSD)
過去 株価チャート
から 3 2023 まで 3 2024