{"id":134989,"date":"2024-08-06T08:00:44","date_gmt":"2024-08-06T05:00:44","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134989"},"modified":"2024-08-06T01:12:12","modified_gmt":"2024-08-05T22:12:12","slug":"popular-meme-coin-shiba-inu-overtakes-avalanche-in-market-value","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/popular-meme-coin-shiba-inu-overtakes-avalanche-in-market-value\/","title":{"rendered":"Popular Meme Coin Shiba Inu Overtakes Avalanche in Market Value"},"content":{"rendered":"
Shiba Inu<\/a> <\/strong>is now valued at $7.9 billion compared to Avalanche’s<\/a> <\/strong>$7.8 billion. Despite a severe downturn in the cryptocurrency market earlier today, Shiba Inu approached a low of $0.00001089 before rebounding to its current price of $0.00001325.<\/p>\n Among meme coins, Shiba Inu has been the standout performer, with only a 3% decline over the past 24 hours.<\/p>\n Global markets experienced significant turmoil today, with Japanese stocks facing their worst decline since the late 1980s<\/a> <\/strong>and the tech-heavy Nasdaq index plunging over 6%. This market upheaval is attributed to disappointing tech earnings and concerning economic data, raising fears of a potential US recession.<\/p>\n