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February 12, 2024

Cryptocurrency Market Decline: DOGE and SHIB Rates Fall

Ethan Lim
Written byEthan LimWriter
Researched byNikos PapadopoulosResearcher

Introduction

The cryptocurrency market has started the new week on a bearish note, with most cryptocurrencies experiencing a decline in value. According to CoinStats, the rate of DOGE has fallen by 3% over the past 24 hours, while SHIB has gone down by 2.64%.

Cryptocurrency Market Decline: DOGE and SHIB Rates Fall

DOGE/USD

On the daily chart, the price of DOGE has broken the $0.080 zone, indicating that sellers are currently more powerful than buyers. As long as the rate remains below this mark, we can expect a further drop to $0.078 in the near future.

SHIB/USD

SHIB has followed the downward trend of DOGE, with its rate unable to fix above the $0.00000946 level. If this situation persists, there is a possibility of a test of the $0.0000090 zone later this week. At press time, SHIB is trading at $0.00000926.

Conclusion

It is important to note that the information provided on U.Today is intended for informational purposes only and should not be considered as financial advice. Before making any investment decisions, it is recommended to conduct your own research and consult with financial experts. While we strive to provide accurate content, please be aware that certain offers mentioned may no longer be available.

About the author
Ethan Lim
Ethan Lim
About

Ethan Lim, a native of the Lion City, is Singapore’s rising star in the domain of online casino guide localization. He masterfully blends his intimate knowledge of local culture with international gaming standards to produce content that resonates deeply with Singaporeans.

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