Dog Dump: Shiba Inu in Dogecoin padla za več kot 20 % v treh dneh

After observing some pumps recently, it looks like it’s time to take the dogs out for the dump as both Dogecoin and Shiba Inu record 20% losses in the last three days.

Dogecoin Loses 22%, While Shiba Inu Down 26% Since The Memecoins’ Recent Peaks

Oba memekoini have enjoyed some big pumps recently as they look to end the month of October noting positive gains.

Dogecoin’s monthly gains currently stand at over 30%. However, they pale in comparison to Shiba Inu’s extraordinary 800% profits.

During this period, the coins have been fighting for the ninth place on the top ten crypto market cap list. And they still remain quite close, with SHIB leading the race over DOGE at the moment:

Shiba Inu at ninth followed by Dogecoin at tenth | Source: CoinMarketCap

In the last few days, however, dumping in both the markets has started. DOGE is down almost 22% since its latest peak around three days ago.

Sorodno branje | Shiba Inu in Dogecoin se borita za prevlado, kdo bo vodil paket?

Here is a chart that highlights the trend in the price of Dogecoin during this period of dumping:

DOGE's price slips away in the last few days | Source: DOGEUSD na TradingView

As for Shiba Inu, the meme cryptocurrency has lost just below 25% in value since setting a new all-time high a few days ago.

Sorodno branje | Coinbase vleče Robinhood, saj uporabniki med relijem ne morejo trgovati s Shiba Inu

The below chart shows how SHIB’s price has changed in the last few days.

Shiba Inu observes some dumping after its massive pump | Source: SHIBUSD na TradingView

Despite these recent losses, SHIB is still up more than 60% in the last seven days, while DOGE is up only 5% in the same time.

Other News About The Memcoins AMC Cinema Puts Out Poll For SHIB, 40% Of Robinhood’s Crypto Revenue Is From DOGE

AMC Entertainment, the theatre giant, earlier started accepting payments in various cryptocurrencies including Dogecoin, and is now considering adding Shiba Inu to the roster as well.

Adam Aron, the company’s CEO, put out this poll asking people whether they want SHIB accepted or not:

TWITTER ANKETA #2: Kot veste, lahko zdaj kupite darilne kartice AMC s kriptovaluto, naša IT skupina pa piše kodo, da bomo lahko kmalu med drugim sprejemali spletna plačila v Bitcoin, Ethereum, Litecoin in Dogecoin. Ali naj si prizadevamo vzeti tudi Shiba Inu?

- Adam Aron (@CEOAdam) Oktober 29, 2021

In some other news related to DOGE: according to a Bloomberg poročilo, Dogecoin accounted for 40% of Robinhood’s crypto transaction revenue in the third quarter.

While the number still sounds impressive, it’s actually a decline from the 62% figure that the company recorded in the second quarter.

Shiba Inu is currently not listed on the platform so investors have started a petition to get Robin Hood to add the crypto as well.

V času pisanja je peticije has gathered 438k signatures. It reads:

Half the questions when we log into trading forums ask “How can I buy Shiba!??”Let’s encourage Robinhood to be the first traditional brokerage to get on this train!  Thank you.

Prikazana slika iz Unsplash.com, grafikoni iz TradingView.com

Source: https://bitcoinist.com/dog-dump-shiba-inu-and-dogecoin-down-more-than-20-in-three-days/?utm_source=rss&utm_medium=rss&utm_campaign=dog-dump-shiba-inu-and-dogecoin-down-more-than-20-in-three-days