Shiba Inu's Rollercoaster Ride: From Downturn to Market Cap Surge
TL;DR Summary
Shiba Inu (SHIB) experienced a 12% decline in the last 24 hours, underperforming Dogecoin and Pepe Coin. This drop followed the launch of the Shibarium Ethereum layer 2 solution, which encountered technical difficulties with its bridge, hindering users' access to transferred tokens. Bitcoin also saw a significant plunge due to rising global government bond yields and news of China's Evergrande Group filing for bankruptcy protection. SHIB is currently trading at $0.000008368.
Topics:business#cryptocurrency#cryptocurrency-market#dogecoin#ethereum-layer-2-solution#pepe-coin#shiba-inu
- Shiba Inu Tumbles 12% In Single Day Amid Wider Crypto Downturn, Underperforms Dogecoin, Pepe Coin Benzinga
- Shiba Inu's Shibarium Network resumes block production after brief pause Cointelegraph
- Shiba Inu is Going to Zero as SHIB Price Falls 15% After Shibarium Launch and Sonik Coin Surges Past $100,000 SamC Cryptonews
- Shiba Inu Price Prediction: What Lies Ahead In 2023? Outlook India
- Shiba Inu (SHIB) Is Now the 14th Biggest Crypto by Market Cap BeInCrypto
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