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Dogecoin Rival Shiba Inu Spikes in Value While DOGE Prices Flounder, SHIB Jumps 21% in 24 Hours

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While the dogecoin’s token price has floundered during the last seven days, the meme-coin’s rival shiba inu (SHIB) has moved up the ranks in terms of weekly gains. Dogecoin has shed 5.8% during the last week, but shiba inu has spiked 21.3% during the course of the week and 21.1% in the last 24 hours.

Shiba Inu Gains 21% in 24 Hours


Two days ago, Bitcoin.com News covered the DOGE market action concerning dogecoin’s four-legged fall in recent times. Weekly stats show dogecoin (DOGE) is still down 5.8% during the last seven days but it is still the largest meme-based crypto asset in terms of market capitalization. The second leader in that category is shiba inu (SHIB), an ERC20 token that’s been moving northbound in terms of price in recent times. SHIB is currently swapping for $0.00000824 per unit but has lost 8% during the last 30 days.

Dogecoin Rival Shiba Inu Spikes in Value While DOGE Prices Flounder, SHIB Jumps 21% in 24 Hours
SHIB has been trading for $0.00000720 to $0.00000824 per unit on September 16, 2021.

Today there’s 657,335 SHIB holders according to Etherscan data and 3,540,457 lifetime SHIB transfers. As the second largest meme-currency besides DOGE, SHIB has a $3.6 billion market capitalization. In comparison to dogecoin’s market valuation the coin represents more than 11% of dogecoin’s overall market cap. Sending SHIB can be costly as the cost to move ethereum (ETH) right now is $5.66 per transaction according to l2fees.info. Sending a token transfer can cost $12.93 per transfer using the Ethereum chain.

Dogecoin Fees Are Cheaper, Tether Is SHIB’s Top Trading Pair on Centralized Exchanges


Meanwhile, the cost to send DOGE according to bitinfocharts.com stats, is around 2.38 DOGE ($0.573) or 0.0045 DOGE per byte. That’s still 887.78% cheaper to send in contrast to sending the ERC20 SHIB unless the SHIB users are leveraging L2 platforms like Arbitrum One, Loopring, Optimism, and Zksync. The SHIB-focused decentralized exchange (dex) platform Shibaswap currently has $246 million total-value locked on the platform. SHIB sister tokens like LEASH ($792), and BONE ($1.05) are leveraged on the platform for liquidity pools and incentives.

Metrics show that SHIB has had around $316 million in global trade volume during the last 24 hours. While SHIB has a wide range of pairs on dex platforms like Uniswap, Sushiswap, and Shibaswap, on centralized exchanges tether (USDT) commands 79% of all trades according to a cryptocompare.com analysis. This is followed by BUSD (9.77%), TRY (6.03%), WETH (1.82%), EUR (1.74%), and USD (0.77%). The top SHIB exchange is Binance with a share of 61.14% of the ERC20 token’s trades. This is followed by Huobipro, Okex, Bitmart, and Gateio respectively.

What do you think about the dogecoin rival SHIB moving up the ladder in terms of weekly gains? Let us know what you think about this subject in the comments section below.

Dogecoin’s Four-Legged Fall — DOGE Slides to 9th Market Cap Position Dropping 18% Last Month

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Dogecoin's Four-Legged Fall — DOGE Slides to the 9th Market Cap Position Dropping 18% Last Month

The infamous dogecoin was one of the first meme-based digital currencies and it’s safe to say that the coin inspired a myriad of meme-focused or joke tokens meant to be used for fun. However, while dogecoin has had a phenomenal 2021 rising 8,515% in 12 months, during the last month dogecoin prices have stagnated a great deal. At one time, dogecoin held the fourth largest market capitalization but today, the original meme-coin’s overall market valuation has slid to the ninth position.

Dogecoin Slips to the Ninth Largest Market Position After Price Highs Subside, 67% Down From ATH

At the beginning of the year, many people said that “you can’t keep a good dog down” after dogecoin (DOGE) started its triumphant price surge and continued to rise higher month after month. That’s because dogecoin has been around for years, and for many of those years, DOGE traded for less than a U.S. penny per unit. But thanks to a lot of social media activity, mainstream media headlines, celebrity and brand-name mentions, and a few tweets from Elon Musk, dogecoin reached an all-time high of $0.731 per coin on May 8, 2021.

Dogecoin's Four-Legged Fall — DOGE Slides to the 9th Market Cap Position Dropping 18% Last Month

Moreover, that week historical data shows that dogecoin (DOGE) held the fourth largest market cap on May 9. At the time, the DOGE market cap was above ADA’s overall market valuation, with $73.8 billion that week. However, the $0.73 high did not last long and by the following week, historical metrics indicate that DOGE slid to the fifth largest market capitalization with cardano (ADA) once again taking the lead on May 16. Today, DOGE markets have not been performing so hot and the meme-based crypto asset is down 67% from its all-time price high.

Dogecoin 30-Day Values Slide 18%, Mysterious ‘DH5y’ Dogecoin Whale Still Holds Over 36 Billion DOGE

Dogecoin has a whopping 131,282,808,198 circulating supply today and it still has whales that own large percentages of this supply. The infamous “DH5y” dogecoin address holds a massive 36.7 billion DOGE today. On Tuesday, the overall market valuation for dogecoin (DOGE) is $31.3 billion and there’s around $1.1 billion in global dogecoin trade volume. Metrics show that USDT is the largest pair traded with DOGE on Tuesday as 70% of all swaps with dogecoin are traded with tethers.

USDT/DOGE volumes are followed by USD (11.41%), BUSD (5.33%), BTC (5.21%), and TRY (3.17%). The top exchange seeing the most dogecoin action on Tuesday is Coinbase, followed by Kraken. Liquid, Bittrex, and FTX crypto exchanges follow Coinbase and Kraken dogecoin trade volumes, respectively. Dogecoin holders have seen their assets slide by 4.8% in the last day alone and 22.7% during the last week. While 14-day stats for DOGE saw a 12.1% loss, 30-day stats indicate dogecoin’s fiat value shed 18.2%.

What do you think about dogecoin’s lackluster market action and how the meme-coin has slid to the ninth position in terms of market cap? Let us know what you think about this subject in the comments section below.

Elon Musk’s New Puppy Tweet Sends Shiba Floki Token Soaring, FLOKI Jumps More Than 900% in 24 Hours

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Elon Musk's New Puppy Tweet Sends Shiba Floki Token Soaring, FLOKI Jumps More Than 900% in 24 Hours

The CEO of Tesla, Elon Musk shared a picture of a Shiba Inu pup and said “Floki has arrived” to his 59.8 million Twitter followers. Of course, the tweet affected the price of a few specific meme-based crypto assets that leverage the “Floki” name.

Shiba Floki Token Soars After Elon Tweets an Image of His New Pup


Elon Musk has been a fan of dogecoin (DOGE) for a while now and on a few occasions, the CEO of the electric car manufacturer Tesla has tweeted a reference to other meme-based canine coins in the past. Musk referenced “baby doge” in a tweet and in a video shared on Twitter, Musk said “daddy doge,” while being escorted to his car. At that time, there were more than 30 doge-like coins that either shared the name “doge” or the type of dog “Shiba Inu.”

On Sunday, September 12, Elon Musk tweeted about a new puppy arrival and happily tweeted “Floki has arrived.” Now of course, just like his baby doge coin sing-along shared on Twitter in July and the daddy doge video mention, the tweet is meaningless in terms of crypto assets. However, despite the harmless sharing of a cute Shiba Inu pup photo, Musk’s tweet once again has affected the price of at least two specific crypto assets.

For instance, during the last 24 hours alone, the token shiba floki (FLOKI) jumped a whopping 969.5% in value. The token FLOKI is swapping for $0.000000006177 per unit at the time of writing. FLOKI is considered a “community-owned” meme currency and the website says the token is “hyper deflationary.” The coin’s data shows there’s been a quadrillion FLOKI tokens minted and the tokens have been transferred across 18,847 addresses.

Another token with a very similar name, floki inu (FLOKI), has jumped 83.9% during the last 24 hours and now trades for $0.00003431 per unit. Statistics indicate that there are 10 trillion coins minted.

Both currencies stem from the same project and also share the same website, but the shiba floki (FLOKI) coin is a Binance Smart Chain (BSC) token and floki inu (FLOKI) is an Ethereum-based ERC20 token.

Today, the ERC20 FLOKI coin has a market valuation of $343,100,000 at current prices. The Binance Smart Chain version of FLOKI has a market cap of around $6.1 million using current exchange rates.

What do you think about the rise of the FLOKI tokens after Elon Musk’s tweet on Sunday? Let us know what you think about this subject in the comments section below.

Robinhood Launches Recurring Crypto Buy Feature to ‘Help Smooth Out Price Swings’

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Robinhood Launches Recurring Crypto Buy Feature to 'Help Smooth out Price Swings'

On Wednesday, the stock and cryptocurrency trading platform Robinhood rolled out recurring crypto investments and now customers can purchase as little as $1 in crypto commission-free daily, weekly, biweekly, or monthly. The company’s announcement discusses the strategy of investment called dollar-cost averaging “in order to help smooth out the price swings.”

Robinhood Rolls Out Recurring Crypto Purchases

The investment platform Robinhood (Nasdaq: HOOD) is now providing customers with the ability to purchase crypto assets in a recurring fashion. This means that customers can purchase a set amount of digital currency ($1 or more) and buy it every day, week after week, every two weeks, or on a monthly basis. Additionally, Robinhood says that clients can “set recurring investments across multiple coins without ever incurring a fee.”

“Today we’re rolling out crypto recurring investments, a new feature that allows you to regularly buy your favorite coins, commission-free and with as little as $1 on a daily, weekly, biweekly, or monthly schedule of your choice,” Robinhood’s announcement notes. “Saving is a habit and recurring investments introduce a strategy to grow holdings over time while potentially reducing the impact of market volatility.”

The company has become well known in the crypto industry, and following Coinbase’s initial public offering (IPO), Robinhood also went public this year. On June 29, Bitcoin.com News reported on Robinhood’s IPO and how it fell short of expectations. Robinhood is also often associated with dogecoin (DOGE) and crypto-focused armchair sleuths believe Robinhood is the largest DOGE wallet owner.

In fact, dogecoin helped Robinhood’s revenue quite a bit in 2021 as reports note that DOGE made up 62% of the company’s cryptocurrency revenue in the second quarter. The latest recurring crypto purchasing feature indicates that Robinhood aims to be a mainstay in the digital currency exchange world. Many other digital currency exchanges like Crypto.com and Coinbase have offered recurring purchases for a while now.

Robinhood Insists Competition’s Fees Are Higher

Robinhood’s announcement insists that its competitors are charging 4% for every crypto trade and the company’s “mission is to democratize finance for all.” “Fees on other platforms are higher for smaller recurring purchases than they are for a single large one,” Robinhood’s announcement stresses.

“While that may make your strategy to regularly invest small dollar amounts more profitable for those companies, it ends up being counterproductive to building long-term wealth. At Robinhood, if you place an order and spend $100 to buy bitcoin, you’ll get $100 worth of bitcoin. Period,” Robinhood’s announcement concludes.

Robinhood’s stock HOOD has not been faring well during the last month as it was trading for $56.83 per share on August 9. Today, HOOD is down 29.52% and trading for $40.05 per share on September 9.

What do you think about Robinhood adding the recurring crypto purchase feature to the trading platform? Let us know what you think about this subject in the comments section below.

Solana Taps Another All-Time High Eclipsing Dogecoin’s Market Cap, SOL Jumped Over 300% Last Month

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Crypto assets have seen significant gains over the last month and one such digital currency, solana (SOL) has propelled itself into the top ten rankings and recently flipped the crypto asset dogecoin’s market cap position. As of Friday, solana currently holds the seventh-largest market valuation out of all the coins in existence with a market cap of around $41 billion.

Solana Skyrockets More Than 300% in 30 Days

In mid-August, Bitcoin.com News reported on solana (SOL) capturing fresh all-time highs and since then the crypto asset has gained a lot more value. At that time, solana had just made it into the top ten crypto market capitalizations and today it has risen to the seventh-largest crypto market worldwide. Our report noted that SOL was trading for $74 per unit and today SOL is swapping for $141 per coin, up 90.54% since the market report published on August 17.

SOL has gathered double-digit gains in 24 hours, jumping over 20%. In the last week SOL has gained a whopping 85.3%. Two-week stats show SOL jumped 93.1% and during the last month, solana has gained a massive 310.8%. Year-to-date, solana has risen 3,277.6% and is one of 2021’s top-performing crypto assets. Tether (USDT) is solana’s largest trading pair as SOL/USDT swaps represent 54% of all SOL trades today.

Solana Taps Another All-Time High Eclipsing Dogecoin's Market Cap, SOL Jumped Over 300% Last Month

The SOL/USDT pairing is followed by USD (14.87%), BTC (12.80%), BUSD (7.91%), TRY (2.95%), and ETH (2.76%) as far as the top SOL pairs are concerned. Out of the $2.3 trillion in value, solana’s market cap represents 1.73% of the entire crypto-economy, in terms of dominance. Solana pushed dogecoin (DOGE) out of the seventh-largest position on Thursday and the market valuation continues to grow.

With a $41 billion market cap, solana still has a ways to go to eclipse XRP’s $59 billion valuation. The crypto asset SOL tapped an all-time high today, on September 3, 2021, reaching $145.22 per coin. There’s $7.7 billion in global trade volume paired with solana (SOL) on Friday.

What do you think about solana’s (SOL) massive gains and the coin moving up the top ten crypto cap ladder? Let us know what you think about this subject in the comments section below.