Shiba Inu Recovers Faster Than Dogecoin After The Recent Crypto Crash

Shiba Inu recovers faster than Dogecoin did after the recent crypto crash as both of them fell hard at the start of the week so let's have a closer look at today's latest altcoin news. Shiba Inu recovers faster than DOGE and is up by 6% in the past 24 hours after Modany's wider market

Timeline of Dogecoin, Shiba-inu

Shiba Inu is proving that despite the previous weeks' turmoil in the broader crypto market, it can stand its ground and be unfazed by what's going on. Following a severe selloff in the previous session, major crypto tokens recovered on Wednesday.

The number of Shiba Inu whale transactions have been increasing in the past 24hrs, despite the fact that the cryptocurrency market is being dragged into an extreme bearish trend this week. According to data from IntoTheBlock, the Shiba Inu whales transaction surged by 261% in terms of large transactions. These kind of large transaction surge …

Dogecoin's price, unlike a lot of altcoins, seems to be holding above its support levels despite the nasty market crash since 5 May. The crash pushed DOGE inside its bullish setup, where it awaits a breakout.

Shiba Inu is criticized by a large part of market participants precisely because of its ‘meme-coin' nature and also because whales tend to dominate the SHIB market more often.  The dominance of whales makes SHIB more susceptible to dumps.

The data from CoinMarketCap suggest a spike in the meme coin holders, growing from 1,131,043 token holders on April 10 to 1,146,848 token holders as of May 10, an increase of 15,805 holders over a month. The increase in the overall number of SHIB holders may not immediately impact its price.

On Tuesday (May 10), a day on which $BTC is down almost 4% and $LUNA is down over 43%, the price of highly popular meme-inspired cryptocurrency Shiba Inu ($SHIB) is surging by nearly 6%. Here is what crypto payment processor said about the Shiba Inu project last December when it announced in a blog post that $SHIB fans

The number of holders and overall Interest in Shiba Inu (SHIB) has been soaring lately, despite the cryptocurrency market being dragged into a bearish trend this week, with all of the major assets falling. Data from Coinmarketcap showed that SHIB holders have increased over 1.39% over the past 30 days.

Market leaders Bitcoin and Ethereum were yet to reclaim key levels post the massive liquidations, with BTC trading at around $31k and ETH at the $2,300-mark at the time of writing.  As a result, altcoins like Dogecoin, FTX token, and Chainlink gravitated toward their multi-monthly/yearly lows on 10 May.

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 flash crash and declined to $0.00002179, from $0.00002305; on April 29, 2022, SHIB/USD lost further momentum and obtained a massive decreasing movement.

Today the Dogecoin killer Shiba Inu price has dropped by more than 14% in just 24hrs during the broader cryptocurrency market crash. This year 2022, even the returns of SHIB were 50% below zero, marking one of the worst performances. At the time of reporting, Shiba Inu is changing hands at $0.00001524 with a fall …