The famous cryptocurrency coins of Meme Cryptocurrency Dogecoin and Shiba Inu have made an worrying decrease with the start of the week, mainly due to the wider market trends. It is worth noting that the SHIB price decreased to a low level of 0.000012 dollar level, while the price of Dog decreased to a level of $ 0.2, which raised the investor’s concerns. It seems that a stock of factors leads the current decline procedures in the aforementioned Meme currencies, including investor uncertainty and huge reviews amid broader developments.
Here is the reason for the decrease in the price of Dogecoin & Shiba Inu more than 25 % inside the day
Here are some vital factors that seem to feed the leading meme currencies that exceed 25 % a day.
Trade war speculation leads to the collapse of the encryption market amid the new Trump tariff
The global encryption market has witnessed recently, as US President Donald Trump announced a new import tariff, which led to speculation of a trade war. CoingApe stated that the 47th President announced an increase in the new import tariff for Mexico, Canada and China, which resulted in a shock through global markets.
In turn, the encryption sector has even successful success, as experts speculate on a commercial war looming on the horizon that can affect global markets. At the same time, although Trump’s profitable viewpoint, the new tariff engine has led to a market collapse. Bitcoin fell to 91 thousand dollars, with Altcoins with more heat. Even the Mimi currency sector followed the declining direction, with Doug and Shayb’s prices in the recession.
DOGECOIN & Shiba Inu prices hear amid an increasing liquidation
At the same time, huge squares added the broader uncertainty in the market pressure to the prices of Meme currencies. Coinglass data He pointed out that Dogecoin has witnessed $ 87.12 million within the past 24 hours.
While Shaiba Eno witnessed nearly $ 7.5 million of the qualifiers inside the day. These huge qualifiers, which makes the sale pressure on the original, is more compatible with the current price collapse.
OI futures contracts are a sign of low market interest
Moreover, COINGLASS data revealed that Doge Futures OI decreased by 33 % inside the day, reaching $ 2.44 billion. At the same time, SHIB futures decreased by 46 % through the day, reaching 155.01 million dollars. In general, these data confirmed the decrease in the market activity surrounding the operations of coins, which reflects the uncertainty invested amid the directions of the broader market. This statistics is also one of the reasons for low prices.
How are the symbols currently performed?
At the time of reports, Shiba Inu Price witnessed a 22 % collapse and rest at 0.00001368 dollars. However, the decrease in defense between metal and promotion currencies was 0.0000123 dollars and 0.00001764 dollars, confirming a loss of more than 25 % per day. It is worth noting that the SHIB movement fades in line with a decrease of almost 100 % in the burning rate during the day, according to the latest burning data.
Likewise, Doge Price followed, as it decreased by 21 % to $ 0.2394 in the day. Its bottom was 24 hours a day and a climax of $ 0.2117 and $ 0.3061, respectively. Market monitors continue to remain cautious about the surrounding future movements, which reflects uncertainty amid modern directions.
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Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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