Loopring (LRC), Shiba Inu surge amidst the falling cryptocurrencies

Cryptocurrency

In a period when the entire crypto market seems to be in a dip, Loopring (LRC) and Shinainu (SHIB) surged against the odds. In the past seven days, LRC has surged around 204.14% and currently stands at $3.30, while Shiba Inu, which fell in the past few days, is back again and surged 8.2% in the past 24 hours.

The crypto market in its nascent stages is most volatile and reacts to almost every incidence. Ever since November started, cryptocurrencies have been plunging and rising consistently. It hasn’t been long since most of the cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LITE) hit the all-time high. But within hours, the token prices plunged, and they fell.

Presently Bitcoin is trading at $65,030.63, down 5.03% in the past 24 hours. Ethereum has also been inconsistent.

Surprisingly surging, Loopring and Shiba Inu have done considerably better. While Shibainu made a comeback after a fall and currently trades at $0.00005502, up by 7.69% in the past 24 hours. Loopring was the most trending crypto in Rising Candle’s crypto sentiments yesterday but fell significantly as the day came to a close.

Loopring (LRC) had hit an all-time high yesterday when it touched the $3.86 price. With a market cap of $4.5 billion, LRC topped the social sentiments and was the most talked-about cryptocurrency, even beating Bitcoin, Dogecoin, and Ethereum.

Other Cryptos like Cardano and Solana, which had done better in the last few weeks, fell by a significant margin. The reason for this entire crash, however, is not yet known. Some analysts have predicted that investors attempting to book profits could be a reason for the cryptocurrencies falling.

#buythedip

As most cryptocurrency prices plunged, the ‘#buythedip’ trend continued being a top trend on Twitter. However, the market is not predictable and may or may not go as per the wishes of the investors, as even one big dump could bring down the entire crypto price.

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