Shib coin price falling
See above. According to our predictions, this won't happen in near future. According to our analysis, this will not happen. Not within a year. Just my 2 cents worth but at 0. Above forecasts show great potential gains.
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- Why Is Shiba Inu Coin Dropping, and Will It Recover?
- SHIB Slumps as Large Holders Take Profits
- 3 Reasons Shiba Inu May Be the Worst-Performing Popular Cryptocurrency in 2022
- Shiba Inu is the most anticipated meme coin to gain value before 2022. But will it truly happen?
- Shiba Inu Price Prediction: Will SHIB Ever Bounce Back?
- Meme Coins Shiba Inu (SHIB) and Dogecoin (DOGE) Surge Ahead of Seesaw Protocol (SSW) Presale
- Shiba Inu price prediction: SHIB is down but not out
Why Is Shiba Inu Coin Dropping, and Will It Recover?
Some of the most popular meme coins have seen a major fall in prices after reports that the government has proposed to present a Bill on cryptocurrency in the upcoming Winter Session of Parliament, which aims to ban all private cryptocurrencies with certain exceptions.
The most popular meme coins like Shiba Inu and Dogecoin are currently down In the past 12 hours, the Shiba Inu has fallen from Rs 0. Dogecoin fell from Rs All other major meme coins are in the red.
The government on Tuesday listed 26 bills for the upcoming session of Parliament, including one to ban all but a few private cryptocurrencies while allowing an official digital currency by the RBI.
This decision is driven by concerns of cryptos being allegedly used for duping investors and for terror funding. This bill also aims to create a framework for the creation of official digital currency to be issued by the Reserve Bank of India RBI.
Soon after this news became viral, industry experts and investors criticised the move and led to heavy selling of cryptos across all major exchanges in India. Also read: Internet criticises govt's proposed Crypto Bill ; memes ensue.
For those who may not know, meme coins are cryptocurrencies that are inspired by jokes or memes on social media. The first parody coin, or the meme coin, ever created was Dogecoin, which was inspired by a popular Doge meme based on the Japanese Shiba Inu dog, in Shiba Inu also referred to as "Dogecoin Killer", came in as a rival of Dogecoin in The major difference between the two is that Shiba Inu has a supply of 1 quadrillion tokens, while DOGE has no maximum supply.
Also, 50 per cent of SHIBs are burnt or donated to charity. There are specific reasons for the immense popularity of meme coins -- COVID and the social media hype around them. While COVID forced people to enter the crypto market and hedge against inflation, the enormous hype created around meme coins rose their m-cap to a whole new level. The trend of pumping up the prices of a meme coin DOGE , which started in January , on social media platform Reddit, caught up fast, and soon the likes of Tesla CEO Elon Musk joined in and aided the rise of these meme coins by showing their support.
Also read: Cryptocurrency ban part of govt's Parliament agenda; key points to know. Meme coins are highly volatile. Unlike traditional cryptocurrencies that are more stable, meme coins carry high financial risk. While cryptos like Bitcoin and Ethereum work on a well-defined blockchain ledger and an established ecosystem, meme coins are not backed by their tech ecosystem -- DOGE is created using Litecoin technology, while SHIB was built on blockchain that forms the basis of Ethereum.
They are dominated by communities and, thus, are more volatile, which often leads to a pump and dump strategy. Sometimes, the prices of a meme coin can rise to exponential levels, while instantly crashing unexpectedly. Sometimes, meme coin projects can even take advantage of the hype around them to dupe investors. For example, a meme coin inspired by the popular Netflix show Squid Game rose 86, per cent in just a week recently and then fell 99 per cent, wiping out most of the wealth of the investors.
Experts advise doing thorough research before pumping money in such coins. Also read: Cryptocurrency Bill: What are private cryptocurrencies? Sign In. Meme coins like Dogecoin, Shiba Inu see massive fall in prices after govt proposes Cryptocurrency Bill Latest Must Read Markets. BT TV. Economy Corporate Markets.
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SHIB Slumps as Large Holders Take Profits
The global cryptocurrency market remained in the red as major cryptos like Bitcoin, Ethereum, Binance, and Solana dipped, with the highest gainers in the last hours being Shiba Floki Trillionaire, which rose by 3, percent, Elonomics, which surged The total volume in the DeFi market constituted Stablecoin volume accounted for Solana also declined by 1. XRP rose slightly, by 1. On the idea of cryptocurrency, Zerodha founder Nithin Kamath, in a recent interview called crypto to be the next big disrupter.
3 Reasons Shiba Inu May Be the Worst-Performing Popular Cryptocurrency in 2022
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Shiba Inu is the most anticipated meme coin to gain value before 2022. But will it truly happen?
The Shiba Inu price analysis reveals that the cryptocurrency has entered a bullish market but shows shaky signs of maintaining it. Although bulls came in very strong, they are starting to struggle to keep the positive momentum. SHIB has been down by 0. However, it seems the market has tightened the squeeze. The squeeze has remained consistent and will continue to stay resolute and indicate that the volatility will burst soon.
Shiba Inu Price Prediction: Will SHIB Ever Bounce Back?
Start Trading Shiba Inu now with eToro. Earlier this week, the whale made four transactions of exactly 10,,,, SHIB tokens to four different wallets. Shiba Inu could face further retrace over the next few hours despite the cryptocurrency market. Some of the funds in the SHIB ecosystem were from other coins, and now that the broader crypto market is rallying, investors might withdraw their funds from SHIB and invest in other cryptocurrencies. Doing so could see it lose more ground in the market as Terra and Avalanche are rallying and could overtake it in the ranking table.
Meme Coins Shiba Inu (SHIB) and Dogecoin (DOGE) Surge Ahead of Seesaw Protocol (SSW) Presale
Shiba Inu — the second most famous meme coin, has perhaps been the most trending crypto in October. While history has shown the same pattern for many coins, other issues might also be the cause of the latest Shiba Inu dip. Bitcoin is scarce in supply with a hard cap of 21 million coins, whereas SHIB has a massive circulating supply of one quadrillion coins. Now, down to understanding what category of cryptocurrency Shiba Inu falls into. The Shiba Inu coins are known as meme coins. Meme coins have been established purely from them being a joke or meme and necessarily do not serve any major purpose as a cryptocurrency. In addition, these digital assets can also be created by anyone. After the massive hype of Dogecoin, several such meme coins have jumped onto the bandwagon in an attempt to get fast profits.
Shiba Inu price prediction: SHIB is down but not out
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The price of Shiba Inu has surged per cent — with some crediting billionaire Elon Musk for the rise. The coin was pumped this week, at one point pushing it to the 13th most valued cryptocurrency by market capitalisation, according to CoinGecko. Floki Frunkpuppy pic. Shiba Inu is the most traded cryptocurrency behind only Tether, bitcoin and ethereum over the last 24 hours , according to coinmarketcap. Consumer protection: Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements.
Bitcoin price rose by 2. The age of majoritarianism has birthed a second wave of identity politics across India. As five states are ready to go to polls At no time do the politics of identity play out more spectacularly than during an Indian election. This poll season is no different After witnessing a steady fall for a considerable period, the price of Bitcoin has started going up in the last couple of days.
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