Elon Musk gives Dogecoin a boost but dampens Shiba Inu’s meteoric rise

Oct 25, 2021 By: BI India Bureau Credit: Canva/BI India

Dogecoin is the only cryptocurrency clearly in the green on October 25

The cryptocurrency is up by 10.22 percent with a price of $0.2749

The surge in its value comes after tech billionaire Elon Musk declared…

His plans to become the first Dogecoin trillionaire

On the other hand, Musk managed to enrage Shiba Inu holders…

The SHIB token was having a stellar weekend

The cryptocurrency jumped by a record 50 percent Credit: Canva

Until, Musk unveiled that doesn’t own any SHIB tokens

And, thus, began the nose dive Credit: Insider

Shiba Inu is still in the green

But only by 10 percent in the last 24 hours Credit: Canva

Lesson for the SHIB team:

Don’t ask questions you’re not ready to hear the answers for Credit: Canva

Aside from the drama around these two meme coins

The global crypto market is still in ‘correction’ mode after last week’s rally

On top of the charts, Bitcoin bulls are trying to keep the cryptocurrency above $60,000

It is currently trading at $61,963, up by 1.25 percent after dipping over the weekend

Ethereum too is trying to hold onto the $4,000 level

It is currently valued at $4,130, down by 0.29 percent in the last 24 hours

Binance Coin is at $479.71

The token is down by 0.96 percent since yesterday Credit: Canva

Cardano, unable to climb back to third, is priced at $2.13

It has slipped by 1.23 percent in the last 24 hours

Solana is also surprisingly quiet at $200

It is only up by 1.57 percent as compared to yesterday Credit: Canva

Ripple’s XRP at $1.09 amid regulatory uncertainty

It’s up by 0.13 percent in the last 24 hours Credit: Canva

Polkadot is priced at $43.29

The interoperability coin is down by 1.46 percent

Disclaimer

These are the top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of October 25, 9 am IST and may change over the course of the day Credit: Canva

Solana is the only bigwig cryptocurrency still in the green as crypto markets correct