Shiba Inu Crashes Thursday
  • 2 years ago
Shiba Inu is falling on Thursday as it loses popularity on social media and drops along with other cryptocurrencies as the global market cap dropped 1.38% to $2.60 trillion. While the token has risen 5.05% over the past week, it lost 7.37% in the past 24-hours, losing 7.07% to Bitcoin and 3.68% Ethereum. In the past 90 days, though, it’s gained 504.08% but lost 39.02% in the past month after reaching an all-time high in October. The token isn’t attracting interest on Twitter ($TWTR@US), as it was mentioned in only 317 tweets, about a third of the most-mentioned tokens, Bitcoin and Solana. SHIB latest rally was prompted by its listing on the Kraken exchange, but any buzz from the news appears to be wearing off. Interestingly, Jordan Belfort said cryptos like SHIB and DOGE have “no value and no use,” noting that their creators should, “go to jail,” but the market seems to think otherwise.
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