Another exciting week on the crypto market comes to an end, which means that it's time to recap the price trends of a selection of notable cryptocurrencies. The publication of dauntingly high inflation rates in the United States for example pushed the two big cryptocurrencies Bitcoin and Ethereum (hardware wallet from US$59 on Amazon) to new all-time highs, before the crypto pair quickly gave up these gains. But the price of two popular meme coins did not stagnate either.
The Shiba Inu Coin (SHIB) had a rather poor week so far, and apparently cannot reverse that trend heading into the weekend. At the start of the week, one Shiba Inu coin was worth US$0.00006, but the meme coin has now retreated by roughly 13% and is currently priced at US$0.0000514 per token. With that, the Shiba Inu Coin sits more than 41% below its all-time high from 17 days ago.
Its biggest adversary, the Dogecoin (DOGE), took a different road this week. Similar to the aforementioned two big cryptocurrencies, Dogecoin posted significant mid-week gains and almost managed to hit the important US$0.30 mark. However, Dogecoin consequently dropped by almost 12% and is currently priced at US$0.26 per Dogecoin. Even though Dogecoin appears to become a bit stronger heading into the weekend, one of Elon Musk's favorite cryptocurrencies is still priced 64% below its record high from six months ago.
Disclaimer: This article is for informational purposes only and does not contain any kind of investment advice.
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