Shiba Inu token dropped by 17% in 24 hours, know the condition of other tokens

Many people have made millions from Shiba Inu, as this token which started as a meme coin has seen a growth of several thousand times since its launch. However, the market cap (market capitalization) of SHIB has seen a major decline in the last 24 hours. Here for a long time traders and holders have been waiting for this coin to move towards one dollar and on the other hand it has come down to 15th position in the count of world’s top tokens by market cap.

According to data from CoinGecko, the market capitalization of the Shiba Inu (SHIB) is down 16.5% in the last 24 hours. The market cap of cryptocurrencies is now close to $5 billion. As for the exact numbers, at the time of writing the news, the Shiba Inu was ranked 15th among the top cryptocurrencies by market cap and had a total market cap of $5,413,750,812.

At the same time, at the time of writing the news, the price of SHIB was $ 0.000000916. Let us tell you that this is a drop of more than 80 percent from the all-time high, i.e. $0.000086 achieved in October.

It’s not the only Shiba Inu that has seen a decline. Bitcoin has also fallen 12.7 percent in the last 24 hours by market cap. Ethereum’s market cap declined by 22.3%, XRP’s market cap declined by 19.3% and Dogecoin’s market cap declined by 21.6%.

However, the month started off well for cryptocurrencies. In terms of price, at the beginning of the month, bitcoin had a slight decline on international exchanges such as CoinMarketCap, Coinbase and Binance and was priced at $20,483. The world’s largest cryptocurrency is currently trading at $17,454.

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