Daily News

‘Dogecoin Killer’ Spikes 3% On Ethereum Whales’ Push As Other Meme Coins Play Catch-Up

Shiba Inu (CRYPTO: SHIB) is up 3%, bettering gains clocked by Dogecoin (CRYPTO: DOGE) and Dogelon Mars (CRYPTO: ELON) in the last 24 hours.

What Happened: The rally can be attributed to two major reasons. First, SHIB is back in the top 10 by trading volume among the 500 biggest Ethereum (CRYPTO: ETH) whales in the last 24 hours, according to WhaleStats.

At the time of writing, SHIB was trading at $0.000009466 with its market cap at $5.1 billion. 

The second reason for a surge in the rally is the Twitter integration of SHIB and Dogecoin 'cashtag,' a new feature allowing users to look up the price index of the cryptocurrencies.

See More: Best Crypto Day Trading Strategies

Last month, Twitter unveiled a price index allowing users to search the current prices of two of the biggest cryptocurrencies: Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). However, Elon Musk’s beloved Dogecoin and SHIB did not make the cut at that time.

Price Action: At the time of writing, BTC was trading at $18,797, up 3.83%, and DOGE at $0.080, up 1.61%, in the last 24 hours, according to Benzinga Pro.

Read Next: Bitcoin, Ethereum, Dogecoin Jump After Inflation Data: Analyst Says Apex Coin Might Remain 'Trapped' In This Range


What's your reaction?

In Love
Not Sure

Leave a reply

Your email address will not be published. Required fields are marked *

Next Article:

0 %