Diabytes
SHIBA INU News
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Bitcoin was trading at $39,961, down 5.36 percent.
XRP, Terra, Solana, Cardano, Avalanche, and Polkadot all lost more than 5%.
Dogecoin and Shiba Inu, have lost almost 6% of their value.
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Now that Cryptocurrency has been part of financial ecosystem, though very challenging the huge returns has always attracted the investors to take high risk.
In August 2020, the rise of Shiba Inu in such a short period of time is nothing short of uncanny.
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The crypto market in India is currently very unpredictable. There are plans to regulate digital currency with bills already proposed in parliament, however, current there is limited information regarding this available to the public.
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It increased by 50% to become the market's 11th largest cryptocurrency.
Since then, Shiba Inu has slid to the 13th largest cryptocurrency by market capitalization.
Shiba Inu values have soared in recent days, bringing this meme coin to a new high.
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Last week, Dogecoin and SHIBA INU saw a massive surge due to a tweet by Tesla CEO Elon Musk.
Due to Musk’s tweet, Dogecoin jumped to 9th position on CoinMarketCap.
Similarly, SHIBA INU jumped 21 per cent.
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