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eToro Listed Shiba Inu(SHIB), While ShibaSwap TVL Drops Almost 80% In Two Weeks

eToro’s multi-asset investment platform has listed Shiba Inu. (SHIB) According to the company, this was due to substantial customer demand. Founded in 2006, eToro is an Israeli social trading and multi-asset brokerage company with offices in several European countries, the US, and Australia. The firm announced the listing of Shiba Inu (SHIB) in a press…

eToro’s multi-asset investment platform has listed Shiba Inu. (SHIB) According to the company, this was due to substantial customer demand.

Founded in 2006, eToro is an Israeli social trading and multi-asset brokerage company with offices in several European countries, the US, and Australia.
The firm announced the listing of Shiba Inu (SHIB) in a press release shared with CryptoPotato. According to the statement, the addition was due to strong customer demand .”
EToro users will be able interact with the meme coin “Shiba in millions”, which refers to a “lot of one million Shiba Inu Units. This would allow customers to have a clear understanding of pricing in a regular, two decimal-point format .”

The company recently outlined plans to go public later this year. It would become possible after a merger with a Special Purpose Acquisition Company (SPAC) with a total valuation of over $10 billion.
Back in May, eToro also listed arguably the most popular meme coin – Dogecoin. DOGE spiked to $0.5 shortly after.
SHIB reached a record price in May, as the popularity of the product soared. However, it has declined by more than 80% since then, even though the recently launched ShibaSwap DEX attracted billions of dollars in total value locked in just a few days after the launch.
However, the TVL has declined by nearly 80% since then to around $400 million as of writing these lines, according to data from DeFiLama.

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DOGE Soars 6 Percent, BTC Stuck At $17K Despite Low Trading Volumes (WeekendWatch)

Because it happens on weekends, trading volumes have dropped, which means that there are very few price movements for BTC. Most altcoins have a similar situation, with some exceptions. Dogecoin is one of them after a 6% daily rise. Bitcoin Boring at $17K Last weekend was quite dull in terms of price actions, and BTC…

Because it happens on weekends, trading volumes have dropped, which means that there are very few price movements for BTC.

Most altcoins have a similar situation, with some exceptions. Dogecoin is one of them after a 6% daily rise.

Bitcoin Boring at $17K

Last weekend was quite dull in terms of price actions, and BTC spent most of it around $16,500. Monday started with a price drop towards $16,000, but the bulls intercepted the move and didn’t allow any further declines.

More volatility was to be expected mid-week, when Jerome Powell, the US Fed Chair, announced the latest interest rates hike and the country’s employment report on Friday.

However, both events didn’t offer much price action , like previous occasions. Bitcoin remained relatively calm at around $17,000, except for a price pump above that level to chart a two-week high.

As the current weekend approached and arrived, BTC stood at $17,000 and has remained there. The trading volumes are down once more. Bitcoin’s market cap is still under $330 billion, while its dominance over the alts is at 38.3%.

DOGE Jumps 6 %

Most altcoins are following BTC’s weekend performance, but with very few substantial movements.

Ethereum has lost around 1% of value in the past 24 hours and has dumped towards $1,250. Binance Coin and Ripple, Cardano. Polygon. Polkadot. Shiba Inu. Litecoin are all at the same level as yesterday.

Dogecoin, the only exception to the larger-cap alts, is up by 6%. The OG memecoin trades at $0.1 and is up by 6% per day.

CELO and NEXO have also gained impressive percentages daily, up by 16% and 10%, respectively.

Overall, though, the crypto market cap has remained at the same place at $855 billion on CoinMarketCap.

Cryptocurrency Market Overview. Source: Quantify Crypto

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Cryptocurrency charts by TradingView.

Doge

Dogecoin jumps 9%, Fantom explodes 15% (MarketWatch)

Bitcoin dipped to $16,000 yesterday for the first time in about a week but bounced off and recovered a few hundred dollars. Some altcoins outperformed BTC though, such as Dogecoin and Litecoin. Bitcoin Touched $16K Last week saw a violent price drop from bitcoin that drove it from $16,500 to a two-year low of $15,500…

Bitcoin dipped to $16,000 yesterday for the first time in about a week but bounced off and recovered a few hundred dollars.

Some altcoins outperformed BTC though, such as Dogecoin and Litecoin.

Bitcoin Touched $16K

Last week saw a violent price drop from bitcoin that drove it from $16,500 to a two-year low of $15,500 in a few days. BTC was pushed north by the bulls who reacted to this fall. The asset jumped above $16,000, and even tried to challenge $17,000 by the end of the working week but to no avail.

The weekend was marked by a lack of volatility. Similar to the previous one, bitcoin calmed and stood around $16,500 for almost all of it.

The situation changed on Monday when the cryptocurrency dipped toward $16,000 and eventually touched that round-numbered line as reports claimed that minors are close to capitulating.

BTC reacted well at this point, though, and bounced off to its current level of approximately $16,500. This came amid on-chain analysis suggesting that smaller bitcoin investors had accumulated massive portions following the FTX saga.

FTM and DOGE, LTC Stand out

The alternative coins went through some notable price drops yesterday, especially Solana, Binance Coin, and Litecoin. However, the landscape is quite different now.

After dropping by 6% 24 hours ago, LTC has jumped by 6.6% now and trades above $75. Remember that LTC reached a six month peak last week.

BNB has reclaimed $300 following a 3% increase on the day. Cardano and Polkadot, Cardano, Polygon and Shiba Inu are all slightly greener than the larger-cap alts.

Dogecoin is the best performer from the top 10. DOGE has risen 8.5% to $0.1.

Fantom’s native token has soared the most from the top 100. FTM has added approximately 15% of value in a day and trades north of $0.2.

The crypto market cap has regained $15 billion since yesterday and stands at $835 billion now.

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Cryptocurrency charts by TradingView.