Shiba Inu trims gains on Elon Musk tweet after hitting ATH
02:13, 25 October 2021
Meme coin Shiba Inu rose nearly 10% to hover below its new all-time high on Monday as most top cryptocurrencies traded either flat or lower in early Asia trade.
Shiba Inu trimmed gains soon after hitting a record high, following Tesla CEO Elon Musk’s tweet saying he did not hold any Shiba Inu coins, in response to a question on Twitter.
The coin rose 9.6% to trade at $0.00003931 on Monday morning in Tokyo, after hitting an all-time high of $0.00004432 in the past 24 hours, according to coingecko.
Hey @elonmusk How Much $Shib You Are Holding!!????????????
— Shiba Inu (@ShibaInuHodler) October 24, 2021
Dogecoin up over 9%
Fellow meme coin Dogecoin rose in tandem to post a gain of more than 9% over the past 24 hours in early Asia trade on Monday.
Dogecoin traded at $0.2734 and held a market capitalisation of about $36bn compared with Shiba Inu’s market capitalisation of about $15.5bn, as of Monday morning.
Over the last seven days, Shiba Inu has surged over 40% while Dogecoin has advanced over 14%.
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BTC inches higher, ETH slips
Meanwhile, bitcoin inched 1% higher to $61,712.12 on Monday morning in Tokyo. The bellwether cryptocurrency was trading about 7% below its all-time high of $67,276.79, according to coingecko.
The world’s second largest cryptocurrency Ether slipped 0.5% to $4,115.17 in early Asia trade on Monday. The alt-coin posted a seven-day gain of over 6% compared to bitcoin’s fall of nearly 1% in the same period, as of Monday morning.
Cardano lost 1.5% to trade at $2.13 while Solana was up 1.6% to $200.48 over the past 24 hours.
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