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Shiba Inu's Rollercoaster Ride: From Downturn to Market Cap Surge

1 min read
Source: Benzinga
Shiba Inu's Rollercoaster Ride: From Downturn to Market Cap Surge
Photo: Benzinga
TL;DR

Shiba Inu (SHIB) experienced a 12% decline in the last 24 hours, underperforming Dogecoin and Pepe Coin. This drop followed the launch of the Shibarium Ethereum layer 2 solution, which encountered technical difficulties with its bridge, hindering users' access to transferred tokens. Bitcoin also saw a significant plunge due to rising global government bond yields and news of China's Evergrande Group filing for bankruptcy protection. SHIB is currently trading at $0.000008368.

Topics:businesscryptocurrency#cryptocurrency#cryptocurrency-market#dogecoin#ethereum-layer-2-solution#pepe-coin#shiba-inu
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  1. Shiba Inu Tumbles 12% In Single Day Amid Wider Crypto Downturn, Underperforms Dogecoin, Pepe Coin  Benzinga
  2. Shiba Inu's Shibarium Network resumes block production after brief pause  Cointelegraph
  3. Shiba Inu is Going to Zero as SHIB Price Falls 15% After Shibarium Launch and Sonik Coin Surges Past $100,000 SamC  Cryptonews
  4. Shiba Inu Price Prediction: What Lies Ahead In 2023?  Outlook India
  5. Shiba Inu (SHIB) Is Now the 14th Biggest Crypto by Market Cap  BeInCrypto

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