Story: The cryptocurrency market continue to dip after tough month of November; 12-06-2021;
The cryptocurrency market continue to dip after tough month of November.
Cryptocurrency market is under crash and the panic selling is again on the cards as market saw huge sellout of top coins. The veterans of the game suggests and emphasis on “HODL” and “Buy The Dip”, while the community big players are also suggesting the same.
The most famous and rich cryptocurrency is going through slump as well, the bitcoin is on a rollercoaster ride as it went to $68k then came right down briefly then again soared up and reached all-time high $69,000 (USD).
Now this week the king of cryptocurrency have seen the crash with the values dipping to around 30%, the value went down to around $45,000 (USD). Currently, the cryptocurrency is steering at around $48k (USD), according to CoinMarketCap .
The common man's dream to be “rich like Bitcoin holders” aka the famous meme cryptocurrencies like Shiba Inu, Dogecoin, Floki Inu, and many others have all fell altogether with the big players like Bitcoin, Ethereum etc. Here's some data for the proclaimed “people's cryptocurrency”:
The Shiba Inu dog inspired iconic meme cryptocurrency (which is also one of the first meme coins). The Elon Musk's adored one, the Dogecoin was roaming around 8th position on world's top 10 cryptocurrency list, just back in October.
The cryptocurrency dip, which is ongoing since last month, have left the meme cryptocurrency teetering around 11th position with massive value lose. The coin is currently circulating with $0.1691 at the time of writing this article.
• The coin was around $0.3341 cents at its peak in three months time period.
The Shiba Inu is also the popular internet meme cryptocurrency (aka the Dogecoin killer). The coin was also soaring high until November this year, it did rise to the 8th position on world's top 10 cryptocurrency list, dethroning the Dogecoin for a brief time earlier in October.
The cryptocurrency market crash in recent weeks has left the coin standing at the 13th place of the world's top cryptocurrencies list.
• The coin was trading around $0.00007806 on October the 10th, highest in the three months, while now the meme coin is trading on $0.00003501 at the time of writing this article. The devaluation has prompted many to panic sell.
Here we've gathered some of the best Twitter reactions following the big slump: