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  4. Shiba Inu (SHIB) and Dogecoin (DOGE) Boat Rocked By Ethereum (ETH) Whales
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Shiba Inu (SHIB) and Dogecoin (DOGE) Boat Rocked By Ethereum (ETH) Whales

In spite of the heaviest Ethereum (ETH) whales stocking up on Shiba Inu (SHIB) for days and weeks, the tables have turned for both top dog meme coins this Friday...
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Shiba Inu (SHIB) and Dogecoin (DOGE) Boat Rocked By Ethereum (ETH) Whales Shiba Inu (SHIB) and Dogecoin (DOGE) Boat Rocked By Ethereum (ETH) Whales

In spite of the heaviest Ethereum (ETH) whales stocking up on Shiba Inu (SHIB) for days and weeks, the tables have turned for both top dog meme coins this Friday afternoon. Both coins underwent a massive sell-off by Ethereum (ETH) whales.

According to the graph by Santiment, the on-chain analytics firm, Dogecoin’s (DOGE) $100,000+ transactions ideally correlated with the canine coin’s top price on Tuesday. As for the rival meme coin Shiba Inu (SHIB), the peak in its price was hit on Sunday, as shown by the yellow curve. There’s a rapid spike in $100,000+ transactions on Sunday, affirming the colossal sell-off.

Security Issues for Dogechain?

On top of that, there have been numerous reports on Twitter (NYSE:TWTR) that users who bridged to the new layer-2 solution for DOGE, the Dogechain, have been exposed to phishing attacks. At this point, it’s unclear whether the drained wallets are linked to Dogechain, but the developers behind the unofficial Dogecoin’s (DOGE) bridge have ensured the DOGE Army’s funds are safe.

This comes just two weeks after a crucial update for Dogecoin’s (DOGE) ecosystem, The Dogecoin Core 1.14.6. In contrast to Dogechain, the update was endorsed by Billy Marcus, the creator of Dogecoin (DOGE). The C-library update is meant to reduce fees on the network, while also dramatically increasing the security of the network.

Double Digits in the Hole for Both Top Dog Coins

Despite Dogecoin (DOGE) regaining the #10th position by market capitalization, the meme coin’s uptrend was short-lived. At press time, the dog-themed token trades at $0.069524, which marks a 14.4% decrease in the last 24 hours. However, there’s quite a few crypto analysts who are predicting a second-leg breakout for Dogecoin (DOGE).

On the other hand, Shiba Inu (SHIB) also lost 10.3% of its price in the last 24 hours. At press time, Shiba Inu (SHIB) trades at $0.00001315, according to CoinGecko. Despite this, the popular meme token is still slightly in the green for the past week at 7.6%. This is mostly due to the success of the highly-anticipated Shiba Eternity game, which entered the TOP 50 on the Apple (NASDAQ:AAPL) Store hours after launch.

On the Flipside

  • Despite the crypto winter ghost coming back to haunt on Friday, both meme coins had a great couple of weeks. The bull race ignited a competition between SHIB army and DOGE army. As a result, Shiba Inu (SHIB) and Dogecoin (DOGE) led the altcoin uptrend until midweek.

Why You Should Care

Whale activity usually has a big impact on the token’s market price. Moreover, both memecoins have very active crypto communities. For instance, the SHIB Army often burns $SHIB tokens in order to restore its market value.

Find out more about Shiba Inu’s (SHIB) recent spike, highest since April

Learn about the dog race between Shiba Inu (SHIB) & Dogecoin (DOGE)

Find out more details on Shiba Eternity, the new card game by Shiba Inu

Continue reading on DailyCoin

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31-03-2024 10:19:50 (UTC+7)

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1.0793

+0.0006 (+0.06%)

Summary

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Moving Avg:

Buy (4)

Sell (8)

Indicators:

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EUR/USD

1.0793

+0.0006 (+0.06%)

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Moving Avg:

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+0.0002 (+0.02%)

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151.38

0.01 (0.00%)

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↑ Buy

Moving Avg:

Buy (12)

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AUD/USD

0.6522

+0.0007 (+0.11%)

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USD/CAD

1.3543

+0.0006 (+0.04%)

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163.37

+0.12 (+0.07%)

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EUR/CHF

0.9738

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Gold Futures

2,254.80

42.10 (1.90%)

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Silver Futures

25.100

+0.002 (+0.01%)

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Copper Futures

4.0115

-0.0003 (-0.01%)

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Crude Oil WTI Futures

83.11

+1.76 (+2.16%)

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Brent Oil Futures

86.99

+0.04 (+0.05%)

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Neutral

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Natural Gas Futures

1.752

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188.53

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Euro Stoxx 50

5,082.85

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S&P 500

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16,541.42

0.00 (0.00%)

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US Small Cap 2000

2,120.15

+5.80 (+0.27%)

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IBEX 35

11,074.60

-36.70 (-0.33%)

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BASF SE NA O.N.

52.930

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Bayer AG NA

28.43

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Allianz SE VNA O.N.

277.80

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7.281

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176.96

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 EUR/USD1.0793Sell
 GBP/USD1.2624Sell
 USD/JPY151.38↑ Buy
 AUD/USD0.6522Sell
 USD/CAD1.3543Buy
 EUR/JPY163.37↑ Sell
 EUR/CHF0.9738↑ Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,910/ 8,080
(7,910/ 8,080) # 1,364
SJC HCM7,830/ 8,080
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SJC Hanoi7,830/ 8,082
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Cập nhật 31-03-2024 10:19:52
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RON 95-V24.69025.180
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DO 0.05S21.01021.430
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Dầu hỏa 2-K21.26021.680
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WTI$82.82+5.390.07%
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$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 10:12:31 31/03/2024
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