• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Dogecoin and Shiba Inu
Nexo

Dogecoin And Shiba Inu Crash Down 20% As Russia-Ukraine War Breaks Out

Hououin Kyouma by Hououin Kyouma
3 months ago
in Dogecoin
0

Memecoins Dogecoin and Shiba Inu have crashed down over 20% following the war breakout between Russia and Ukraine.

Dogecoin And Shiba Inu Suffer Big Losses After Russia-Ukraine War Commences

War breaking out has historically been massive bearish news for markets, and sure enough, the largest memecoins in the crypto sector have taken a deep plunge in response to the news of the Russia-Ukraine invasion. Let’s first look at how the event has affected DOGE so far.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

At the time of writing, Dogecoin’s price floats around $0.11271, down 22% in the past week. The below chart shows the trend in the price of the memecoin over the last five days.

Dogecoin Price Chart

DOGE's price seems to have taken a very hard hit over the last twenty-four hours | Source: DOGEUSD on TradingView

In the last day alone, the coin has shed more than 20% in value. Over the course of the past month, the loses are a bit lesser, currently standing at 19%.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

As for Shiba Inu’s price, it is currently trading at $0.0000219, down 28% in the past week. Here is the chart for the trend in SHIB’s price over the last five days:

Shiba Inu Price Chart

SHIB's price also looks to have crashed down following the news | Source: SHIBUSD on TradingView

The DOGE cousin has suffered similar losses over the last twenty hours, amounting to around 20%. In the span of the last thirty days, however, Shiba Inu seems to have suffered a much better fate than Dogecoin, accumulating only a little under 2% in losses.

Related Reading | Crypto Market Crashed as Russia Declares War on Ukraine, Here’s How Traders Profits in The Plunge

As for the market caps of the two coins, DOGE is sitting at 12th in the top crypto list, while SHIB has declined to 15th.

The below table shows where the memecoins stand in the wider crypto market.

Dogecoin, Shiba Inu Marketp Caps

DOGE and SHIB have the 12th and 15th most market caps in the crypto market, respectively | Source: CoinMarketCap

From the above data, it looks like Dogecoin’s market cap is quite close to Polkadot, the crypto in the number 13 spot. So if the coin’s cap takes any further hit, the crypto will fall down a spot.

There was a time when both SHIB and DOGE had managed their way into the top ten crypto list, with both constantly fighting over the 9th place spot.

Related Reading | Bitcoin FOMO No More? Volume Drops To Lowest In 14 Months

This was around when SHIB had its insane rally, which was unprecedented even in the crypto world, where the coin was up 1000% over the course of a month at some point.

However, long gone are those days as the memecoins have been on a downwards trajectory for a while now. It’s unclear at the moment if this drop would be the only one due to the news of the war, or if more decline is coming soon.

Featured image from Pixabay.com, charts from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Hououin Kyouma

Hououin Kyouma

Loves to write, enthusiastic about cryptocurrency. Currently studying Physics at university.

Related Posts

Dogecoin

Dogecoin Co-Founder Says The Meme Coin Was Created By A Stupid Person

3 days ago
Dogecoin crypto

Data Shows Top Coins Among Most Hated Crypto, But Not Dogecoin

4 days ago
Dogecoin

More Utility For Dogecoin As WordPress Websites Can Now Accept DOGE Payments

1 week ago
Dogecoin

Rapper Ice Cube Shows Support For Dogecoin As BIG3 Takes Off

1 week ago
Dogecoin

Designer DOGE: Gucci To Accept Dogecoin Payments In Retail Stores

2 weeks ago
Dogecoin

Dark Times For Dogecoin As Another 40K Holders Exit The Meme Coin

2 weeks ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.