A few cryptocurrencies, such as ThorChain, did observe depreciation still.
The crypto market was steadied today by Bitcoin and Ethereum, which are still trading below $21k and $1.1k, respectively, as the rest of the altcoins followed suit. Even yet, as the market closed at $869 billion, several cryptocurrencies saw a drop.
Shiba Inu is a Japanese dog breed (SHIB)
SHIB rebounded 9.84 percent during the next 48 hours after concluding a week-long depreciation of 27.33 percent on June 13. However, all of the gains were wiped out yesterday as the meme coin dropped 9.75 percent.
Shiba Inu, which is currently trading at $0.000008, is also not exhibiting any signs of growth.
SHIB has a long way to go before it starts recording consecutive green candles, with the Relative Strength Index in the bearish, neutral zone.
Unlike other altcoins, ThorChain (RUNE)