Bloodbath

Shiba Inu would eventually rise as ETH whales are hoarding as many tokens as possible Shiba Inu might have emerged from a meme, but the crypto is no more a joke! Shiba Inu, the ‘Dogecoin killer’ rose exponentially in 2021, making it one of the most viewed cryptos in 2021, beating other popular cryptocurrencies like Bitcoin and Ethereum. Last year, for quite a short period of time, the crypto took over the largest memecoin, Dogecoin to sit at the top of the memecoin pyramid. Since the rise of Shiba Inu, crypto has…

In a tweet on June 19, Musk said “I will keep supporting Dogecoin”. Musk’s tweets were reflected in the Dogecoin markets very quickly. Tesla and SpaceX CEO Elon Musk’s tweets continue to have a noticeable impact on the markets for Dogecoin, the largest “meme coin” by market capitalization. In a tweet on June 19, Musk said “I will keep supporting Dogecoin”. Musk’s tweets were reflected in the Dogecoin markets very quickly. Only about 5 minutes after the first tweet, the price of DOGE spiked from US$0.052 to…

The sell-off in cryptocurrencies over the past few weeks has gotten so bad that calling it a mere “crash” apparently doesn’t quite cut it anymore. Instead, as the CEO of cryptoexchange Binance tweeted early Wednesday morning, “It’s a bloodbath out there.” The total market cap of all cryptocurrencies has declined by more than $2 trillion since the peak last fall, while flagship cryptocurrency Bitcoin is now down almost 70% from its all-time high, and has fallen more than 30% in just the ten days, to just around $21,000.Of…

Shiba Inu investors might experience some rays of hope after Shibarium’s launch Cryptocurrency prices are stalling on their recovery path and so is Shiba Inu. The crypto prices have been slaughtered due to various changes in the economic and financial markets. And since the crypto market is uncannily following the global stock market, any financial and economic upheaval in the global markets is drastically affecting the price movements of the cryptocurrencies. To make matters worse, investors are gradually drawing…