Dogecoin, Shiba Inu Outpace Bitcoin Price

Crypto Price Today Latest Updates: The crypto market is experiencing another strong rally. Dogecoin is undoubtedly the winner of the crypto market yesterday. $DOGE showed extremely bullish sentiments and surged by over 17% in the last day. It is up by more than 45% in the last 7 days. It is currently trading at Rs. 7.11. The meme coin’s performance can be attributed to Elon Musk closing the deal to purchase Twitter.

Shiba Inu also followed Dogecoin’s path and is up by 13% in the last 24 hours. This brings its total surge to 19% in the last 7 days. $SHIB is currently trading at Rs. 00097.

Dogecoin, Shiba Inu Outperform Bitcoin Price

Meme coins Doge and Shiba Inu won the crypto market yesterday. While Bitcoin also showed strength, it was not nearly as bullish. BTC surged by 2.2% in the last 24 hours and is trading at Rs. 17,08,128. Bitcoin is up by 8% in the last 7 days. Ethereum continues to be bullish as it is trading at Rs. 1,29,520. ETH is up by 21% in the last 7 days and by 4% yesterday.

Cardano and Solana continue to be lock-step in their volatility. Both surged by over 5% yesterday and are trading at Rs. 33.29 and Rs. 2651 respectively.

Polygon is another big winner in the crypto market. $MATIC has increased by over 15% in the last 7 days. It is set to breach the $1 mark. It is currently trading at Rs. 77.58.

Polkadot surged by 3%  and is trading at Rs. 540 while Avalanche soared by 10% yesterday and is trading at Rs. 1519.

Why Is Crypto Price Up Today

Elon Musk closed the deal to buy Twitter and decided to become its CEO. He also fired the former CEO, CFO, and other top officials. Elon Musk has publicly spoken about his support of $DOGE. As Musk closed the deal, the meme coin’s prices surged. It has previously enjoyed success on the back of Elon Musk’s acquisition of Twitter as well.

According to experts, Shiba Inu usually follows the price movement of $DOGE.

Nidhish is a technology enthusiast, whose aim is to find elegant technical solutions to solve some of society’s biggest issues. He is a firm believer of decentralization and wants to work on the mainstream adoption of Blockchain. He is also big into almost every popular sports and loves to converse on a wide variety of topics.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.