The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

This is why Dogecoin and Shiba Inu are not what they used to be anymore

by Miki 08/28/2021
by Miki 08/28/2021 0 comment

With the market currently engrossed in mapping the Bitcoin and Ethereum price movements, some altcoins such as Dogecoin also made stellar gains. However, since these gains have begun to recede of late, investors may be seeking a way out. 

Dogecoin and Shiba Inu

For these puppy-faced altcoins, tremendous support usually comes in from their trend-drunk communities. But not anymore. In the last 11 days, both DOGE and SHIB were down by 21% and 22% respectively. And this fall took a toll on their investors.

Shiba Inu price action | Source: TradingView – AMBCrypto

Since this fall began, the profitable addresses were declining and it affected the altcoins’ markets significantly. Shiba Inu holders somehow managed to rise from 15% profitability to 50%. However, at press time, they slid back down to losses with 61% addresses having lost profits. DOGE isn’t far from this either, as 300,000 profitable addresses were lost in the same duration.

Shiba Inu profitable addresses falling | Source: Intotheblock – AMBCrypto

But this doesn’t come as a surprise, since the on-chain metrics for the most part happen to be bearish presently.

Dogecoin on-chain metrics | Source: Intotheblock – AMBCrypto

Is either coin worth it?

This part is a little tricky to answer. For both meme coins, the community’s support is still high. The sentiment is positive and people continue to be invested (though not as much financially). However, that did not stop DOGE holders from panicking as selling has been taking precedence over the market.

Currently, order books show higher numbers for selling Dogecoin rather than buying it, by a factor of 70 million DOGE (worth $17.5 million).

Dogecoin buy and sell orders | Source: Intotheblock – AMBCrypto

On the other hand, Shiba Inu is being bought more than sold. A huge driving force behind this buying is the recent announcement by OpenSea. The largest NFT marketplace has now begun accepting SHIB as valid payment options. This could be responsible for the bullishness observed among investors.

Summing up, the market is not good for the abovementioned meme-coins, but Shiba Inu may just have found a way to make a return. 



Source link

Views: 0
AnymoreDogecoinInuShiba
Share
0
FacebookTwitterPinterestEmail
previous post
Afghans Seeking Refuge in Cryptocurrencies as Taliban’s Takeover Causes Economic Turmoil
next post
You Can Now Use Your .COM Domain As An Ethereum Wallet Thanks To This Integration

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • BTC Steps Out, Eyes On The $40,000 Target

  • MATIC’s short-term price action depends on whether or not this happens

  • XRP Poised to Rebound on Ripple Lawsuit Development

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$30,127.000.50%
  • ethereumEthereum(ETH)$2,052.332.18%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$332.924.92%
  • usd-coinUSD Coin(USDC)$1.000.11%
  • rippleXRP(XRP)$0.4199170.66%
  • cardanoCardano(ADA)$0.552.48%
  • Binance USDBinance USD(BUSD)$1.000.06%
  • SolanaSolana(SOL)$52.952.74%
  • polkadotPolkadot(DOT)$10.544.96%
  • dogecoinDogecoin(DOGE)$0.0870632.12%
  • AvalancheAvalanche(AVAX)$31.861.70%
  • Lido Staked EtherLido Staked Ether(STETH)$2,014.362.81%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$30,163.000.73%
  • tronTRON(TRX)$0.0809275.51%
  • Shiba InuShiba Inu(SHIB)$0.0000123.49%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.00-0.03%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$72.862.17%
  • CronosCronos(CRO)$0.1979932.62%
  • matic-networkPolygon(MATIC)$0.694.20%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.89-0.01%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.292.09%
  • FTX TokenFTX Token(FTT)$30.580.45%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$201.141.91%
  • RareRare(RARE)$0.0461220.00%
  • cosmosCosmos Hub(ATOM)$12.066.89%