Dogecoin DOGE/USD And Shiba Inu SHIB/USD fell sharply Monday morning as Bitcoin fell below $100,000.
| Cryptocurrency | Price | Market capitalization | 24 hour trend | 7-day trend |
| Dogecoin DOGE/USD | $0.3136 | $46.4 billion | -10.7% | -17.2% |
| Shiba Inu SHIB/USD | $0.00001785 | $10.5 billion | -10.7% | -16.4% |
| Pepe PEPE/USD | $0.00001252 | $5.3 billion | -16% | -25.5% |
Trader Notes: Crypto trader Ali Martinez sharp to a buy signal for Dogecoin on the daily chart, anticipating a potential price rebound.
Another trader compared DOGE’s current price action to its behavior after the inauguration in 2021, which preceded a dramatic 1,100% surge. He speculate whether a similar surge could occur.
For Shiba Inu, Martinez marked the $0.0000185 to $0.0000212 range as a crucial support zone to watch.
Statistics: Shibburn data shows the SHIB burn rate soared 360.4% in the past 24 hours, removing 5.6 million SHIBs from circulation. A total of 28.3 million SHIBs were burned last week.
Data from IntoTheBlock shows that Shibarium’s large trading volume increased by 29.6%, while daily active addresses increased by 11.4% in a single day. Transactions over $100,000 increased from 99 to 170.
Data from Coinglass shows that DOGE open interest plunged 16% to $3.8 billion, reflecting a cautious sentiment. Derivatives trading volume jumped 103.9%, with $24 million liquidated in the last 24 hours, including $21.2 million in long positions.
Community News: Shiba Inu’s main visionary, Shytoshi Kusama, announced that he would withdraw from one’s role to become the main ambassador of the project. This strategic change aims to improve global adoption of the Shiba Inu.
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