Cardano, Dogecoin, Shiba Inu Price Analysis: 12 May

Post the ongoing bloodbath, the global market cap crashed all the way down to the $1.25T-mark at press time. As a result, Cardano, Dogecoin, and Shiba Inu found newer multi-month lows while their 4-hour technicals flashed oversold readings.

Timeline of Cardano, Dogecoin, Shiba-inu

The Cardano price analysis indicates a sharp decline in price levels as the price has now moved down to meet $0.418. The progress has been in the bearish direction, as the bearish momentum has been continuously intensifying.

Sentiment analysis run across a year's worth of tweets has found that Ethereum is Twitter's least favorite cryptocurrency of five studied, while Dogecoin received the most affection.

A blog post from Shiba Inu gives an update on ecosystem developments per ‘Riyoshi's Vision.' Riyoshi is the project's anonymous founder who claims to hold 0 $SHIB tokens, as doing so would affect his judgment and decision-making.

The top 1,000 Ethereum ($ETH) whales are currently holding nearly $900 million worth of the meme-inspired cryptocurrency Shiba Inu ($SHIB), making it their largest holding beyond Ethereum's native currency. According to data shared by whale monitoring service Whale Stats, the top 1,000 ETH whales are holding onto $989 million worth of SHIB, with FTX's $FTT

Most of the market is still recovering from the events of 9 May, which left the crypto space broken beyond belief. Marking the highest single-day losses for every cryptocurrency, the bears did not spare even the most popular/in-demand tokens, including the king of meme coins, Dogecoin.

The Shiba Inu ecosystem has been experiencing regular network updates, courtesy of its developers. Just a few weeks after the conclusion of the first and second phase of land sale on the Shiba Metaverse, lead developer Shytoshi Kusama outlined developments that are expected on the network in the near future via a blogpost.

Cardano founder Charles Hoskinson said that ADA's $723 million treasury is decentralized. The post Hoskinson says Cardano has decentralized treasury valued at $723M in ADA, pokes fun at Terra appeared first on CryptoSlate.

Today's Shiba Inu price analysis displays a bearish movement in the market, and the market moves towards a negative direction, declining the price of SHIB significantly. After that, however, the cost of SHIB experienced a spike and increased to $0.00001780, from $0.00001371; on May 10, 2022, SHIB/USD lost momentum and obtained a massive decreasing movement.

The pseudonymous lead developer of the meme-inspired cryptocurrency Shiba Inu ($SHIB), Shytoshi Kusama, has updated the cryptocurrency's community on a deal he has said would “break the internet,” noting many are unaware it's happening right in front of them. Earlier this year during an Ask Me Anything (AMA) session on Twitter spaces, Kusama said the

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Shiba Inu is ranked #15 on CoinMarketCap after taking a 25% hit to its value as an asset in the past week. The losses that the asset is posting on the charts are likely to