$SHIB is down more than 9% over the past 24 hours
The price of meme cryptocurrency Shiba Inu has plunged more than 9% over the past 24 hours, according to data provided by CoinMarketCap.The second-largest canine cryptocurrency is underperforming the broader cryptocurrency market., the Shiba Inu team recently announced the details about it much-anticipated metaverse project, but it did little to avert a price correction.
Dogecoin has also plunged more than 7% over the past 24 hours, erasing almost all of its gains over the past 24 hours. Bitcoin , the world’s largest cryptocurrency has plunged more than 5% over, slipping below the $45,000 mark and dragging the rest of the cryptocurrency market down. Ethereum has performed slightly better, shedding 4% over the last 24 hours. In the meantime, archrival Solana is only down a mere 1%, becoming the top performer among the leading altcoins.
Other “Ethereum killers” are trading in line with the rest of the market: Cardano and Polkadot have dipped more than 7%.
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