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Autocritiques cathodiques en Chine
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Ethereum Classic, Shiba Inu, Safemoon — Altcoins Seeing High Social Media Interest Today
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The apex cryptocurrency,
Bitcoin (BTC), which traded 5.2% lower at $55,703.13 at press time.
SHIB is getting love from Chinese investors who are aware of the project’s lack of technological promise. The coin is likely to be referred to as “s tcoin” by Chinese traders, CoinDesk reported.
“SHIB’s price performance over the weekend clearly shows that the crypto industry hasn’t had its fill of canine-themed memecoins just yet,” said Rick Delaney, a senior analyst at OKEx Insights, as per CoinDesk.
Why It Matters: The appreciation in SHIB is fueled by Chinese social media influencers on platforms such as Weibo and WeChat.
Shiba Inu (SHIB) the Dogekiller – 3 reasons to buy, 3 reasons to sell
Last Updated: 12 May 2021
While Dogecoin was in a bubble last week, which later burst, its greatest rival, SHIB, has been gaining massively.
In just three days, the Shiba Inu token rose by around 2100%. Its market cap moved from $35 million to around $13 billion. This surge is higher than what DOGE has recorded in any week this year.
Both DOGE and SHIB are meme-based tokens. However, the two have risen beyond expectations to become highly valuable tokens that almost everyone in the crypto space wants to get their hands on them.
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