Documents provided by crypto influencer Tiffany Fong reportedly revealed details about the former FTX CEO’s life under house arrest and his relationship with Caroline Ellison.
Coinbase’s CEO has become the latest ally of the DeFi space, calling for apt regulations of the ecosystem rather than enforcement action by regulatory bodies.
Capital One also joined the investment round, despite being the top client of rival cloud platform Snowflake.
Shiba Inu has been constantly garnering favor among crypto investors since its first price surge back in 2021. Even with the price drop over the last year, the meme coin still features as an investor favorite, surpassing the likes of Cardano and Dogecoin in countries with a large crypto investor presence. Shiba Inu Search Surpass Dogecoin And Cardano Google Trends has shown that interest in Shiba Inu has surged ahead of that of Dogecoin in Canada and the United States, as well as Cardano. The data which shows the movements over the past 12 months shows points in time where the search for Dogecoin had spiked significantly, leading to a remarkable lead by Dogecoin compared to Shiba Inu and Cardano. Related Reading: Analyst’s Ultra Bullish Prediction Puts XRP Price At $10,000, But When? However, as time has passed and periods of brief spikes have been left behind, the trends have indicated that Shiba Inu remains the asset of the three gaining investors’ attention. Since April 2023, SHIB has appeared ahead of both Cardano and Dogecoin with no end in sight for this trend. In September alone, the interest in Shiba Inu has come out more than double those of Cardano and Dogecoin. Even toward the end of August when the crypto market crashed and interest waned, Shiba Inu went in the opposite direction. SHIB trends higher than ADA and DOGE | Source: Google Trends This spike in interest shown in the chart above coincides with the launch of the Shibarium blockchain. The Layer 2 network built atop the Ethereum blockchain was in the works for a long time and when it eventually launched in August, it triggered renewed interest in the SHIB token which currently serves as its official governance token. SHIB Falls Behind Dogecoin In Profitability While Shiba Inu is leading in terms of interest, it has not translated to profitability for the meme coin’s holders. The percentage of SHIB holders currently seeing any kind of profit is at only 9% compared to 41% for DOGE holders, according to data from IntoTheBlock. Related Reading: New Reports Shows How Much Capital Was Pulled Out Of Crypto In August However, SHIB is still doing well compared to Cardano in this regard whose holder base is almost completely submerged in losses. Data shows that ADA holders in profit are sitting at a sad 4%. When put in contrast with SHIB’s numbers which is still disappointing, the meme coin is seeing twice as many holders in profit. In terms of price performance, all three have performed similarly when comparing their current prices to their all-time prices. SHIB is down 91.49% from its ATH, while Dogecoin and Cardano are down 91.59% and 91.89%, respectively, data from Messari shows. SHIB price struggles at $0.000007 despite interest | Source: SHIBUSD on Tradingview.com Featured image from Times Tabloid, chart from Tradingview.com
Marcel Pechman explains the myth of excess cash in U.S. households and the lack of sufficient savings, and how a U.S. government shutdown could impact Bitcoin.
Network, futures and user data all point toward Ethereum potentially charting a new course.
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I'm a historic researcher and have been putting my skills and experience to use on Cryptocurrency projects. I'm not affiliated with any projects I research and the hours I put into it. My investments are always based on my own research. This is not financial advise. I've been following the developments around The Toad Killer…
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Sign up now & start earning MTK. Do the quests, reach the highest score. Get great value NFTs including airdrop. Join the airdrop event : https://coinmarketcap.com/community/post/330953717 What is Moonland? a revolutionary gaming social multiplayer that merges blockchain technology with action-packed RPG gameplay. Moonland is an online RPG that is free to play and features 28…
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