SHIBRecovered at $0.000073 After 22.4 Million SHIB and 8 Million DOGE Liquidated in the Last Hour. Traders liquidating large positions, SHIB and DOGE recovered their prices.
bybt in the last hour, according to data provided by the online analytics service Shiba Inu (SHIB) 22.4 million and dogecoin‘also (DOGE) 8 million positions were liquidated.
SHIB after hitting an all-time high of $0.000008616 earlier today, it fell by almost 50% to $0.00005731. of traders SHIB(22.47 million coins) positions worth approximately $1.46 million were liquidated.
similar situation dogecoinand approximately 8 million DOGE were liquidated at a value of $2.41 million on the DOGE side.
Dogecoin (DOGE) Continues to Improve
SHIB managed to surpass Dogecoin in the top 10 cryptoassets position and market cap ranking. CoinGecko SHIB, which has a market value of over $38 million according to data CoinMarketCap It aroused great excitement when I saw it on the website.
However dogecoin managed to recover and rose to $0.3054. DOGE continued to rank ninth with a market cap of $40,269,409,893. shiba inuWith a market cap of $40,059,883,914 according to CoinMarketCap, it continued to rank tenth, just behind it.
The largest US-based crypto exchange that listed SHIB earlier this year coinbasecrashed and went offline due to the extremely large traffic caused by the Shiba Inu and its owners.
SHIB’s trading volume has also followed Ethereum on Coinbase, approaching an incredible $5 billion.
DOGE A “Boomer”
A podcaster and popular presenter, according to Bloomberg TV Joe Weisenthal, dogecoinhas become a “boomer meme coin” and SHIBHe tweeted that ‘has certain advantages over DOGE.
According to Weisenthal “SHIBis better than Dogecoin because it has a rapidly evolving roadmap. There is a decentralized crypto exchange for SHIB and this coin is quite capable of NFTs and smart contracts. Doge has none of that,” he stressed.
On Wednesday, October 28, shiba inu hit an all-time high three times in a row. Also, the Change.org petition requesting SHIB to be listed by Robinhood received over 326,000 signatures.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.