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Massive Meme Coin Volatility as Joe Biden Quits US Presidential Race: Details

TL;DR President Joe Biden said he will not compete in the US presidential elections, endorsing vice president Kamala Harris as the Democratic nominee, with significant party support. The disclosure caused volatility in the cryptocurrency market, with Biden-related meme coins dropping and a Harris-related token surging by nearly 90%. The Biden Effect The current President of […]

Key Shiba Inu Metrics Plummet as SHIB Price Heads South: Details

TL;DR Shiba Inu (SHIB) saw a 2% price drop on July 12, along with declines in key metrics on the Shibarium network. Despite the downturn, technical analysis tools suggest a potential near-term price rebound. Indicators on a Downfall The second-largest meme coin in terms of market capitalization—Shiba Inu—managed to recover some of the losses incurred […]

Important Shiba Inu (SHIB) Metrics go Down Despite Price Recovery: Details

TL;DR Shiba Inu (SHIB) price is up 2%, but some key metrics have dropped. SHIB’s burn rate is among the few rising, surging by 350% and destroying nearly 28 million tokens. SHIB Price Flashes Green The cryptocurrency sector continues to rebound from the crash witnessed a few days ago. Its global market capitalization currently stands […]

Shiba Inu (SHIB) Nosedives Amid an Overall Meme Coin Bloodbath: Details

TL;DR The cryptocurrency sector saw a significant correction, with meme coin market capitalization dropping 10% to $46.4 billion; Shiba Inu (SHIB) fell by 6% daily and 8% weekly. On the other hand, some tokens linked to political figures, like Kamala Horris (KAMA), saw gains. Meme Coins in Red Territory The cryptocurrency market experienced another significant […]

Analysts Say Political Meme Coins to Remain Volatile as US Presidential Debate Looms

On-chain experts have warned that political-themed meme coins will remain volatile for the next seven days or more as the United States presidential debate approaches. Bitfinex analysts said PolitiFi tokens have become speculative assets for the outcome of the upcoming elections; hence, they could witness dramatic rises and falls before, during, and after the debate […]