Cryptocurrency: Meme coin is directing hot investment?
Cryptocurrency remains a hot investment for investors, few cryptocurrencies are even making investors from millionaires to billionaires in a single day. At present, bitcoin remains at the level of 42 thousand dollars. However, the downward trend in Bitcoin continues. There is constant fluctuation in it. This is the reason that there was a time when bitcoin touched the record of $ 69 thousand, but now it has fallen by $ 27 thousand.
According to a report, Ether, the coin linked to the Ethereum blockchain and the second-largest cryptocurrency has gained about 1% to $3,140. On the other hand, the price of Dogecoin has fallen by about 0.8% to $0.15, while the Shiba Inu has increased by 1% to $0.00028.
Cryptocurrency status: If we look at other cryptocurrencies in the last 24 hours, there was no significant fluctuation in Solana, Cardano, XRP. On the other hand, Terra, Polkadot, Polygon, Stellar, Uniswap saw a rise.
Why is the Shiba Inu fluctuating?
Shiba Inu has become a popular meme coin among investors in a very short time. However, there is a steady decline in its price. The number of its investors in the crypto market is continuously increasing. The number of holders of Shiba Inu has crossed 10 lakhs and soon the number of investors in it is going to cross 11 lakhs. According to a report, it is believed that any asset in which investors are seeing risk, they are moving away from it. For the time being, Shiba Inu fell below its support level of $0.000032 and it remains in the range of $0.00002350 to $0.000032.
click and follow Indiaherald WhatsApp channel