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XRP, ADA, SHIB, DOGE Plunge as Momentum Fades

By BizTech Weekly Aug 19, 2022

Bitcoin (BTC) price slipped to an intraday low of $22,788 on the Bitstamp exchange on Friday. The flagship cryptocurrency is in the red once again just days after surpassing the $25,000 level for the first time in nearly two months. Dogecoin (DOGE) is the top laggard within the top ten, losing roughly 9% of its value over the past 24 hours. Shiba Inu (SHIB) has slipped by more than 10% over the same period of time. The total cryptocurrency market cap is now on the verge of slipping below the $1 trillion mark once again. The underperformance of DOGE and SHIB shows that calls for another meme coin season were premature. . . .

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