🚨HIGH WARNING UPDATE🚏
🌈 Why Dogecoin, Shiba Inu and Mem
Tokens not increasing? Technical analysis☔
After Elon Musk denied owning SHIB coin,
These meme coins are facing further decline.
Let's clarify the situation.
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♈While Bitcoin and Ethereum have taken hold
investors' attention to their performance,
meme coins like Dogecoin (DOGE) and Shiba
Inu (SHIB) did not meet expectations.
♓Analyzing this, Nansen analysts said
The meme coin has been underperforming because
Investors are focusing on the market leaders
Bitcoin and Ethereum.
💹Speaking to The Block, Nansen analysts noted that the meme coin has lagged behind BTC, ETH and other rising altcoins over the same period.💲
👉Currently, meme coins are highly liquid and unstable, investor interest is mainly focused on BTC and ETH.
👉Aside from meme coins, the majority of the cryptocurrency market is still struggling with poor liquidity.”
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$DOGE
$SHIB
