The top three cryptocurrencies have fallen by 15 percent in last one week — but Shiba Inu coins are thriving

Sep 14, 2021 By: BI India Bureau

In the aftermath of the crypto flash crash last week…

...The big wigs of the market are still struggling to recuperate Credit: Canva

Bitcoin has lost more than 14 percent of its value

It is currently trading at USD 45,267 — no substantial move as compared to yesterday Credit: Canva

Bitcoin’s nose dive seems to have been staved off by Microstrategy, the largest corporate holder of Bitcoin

The company bought up another 5,050 Bitcoin for $242.9 million at $48,099 apiece Credit: Canva

Ether, the coin which powers the Ethereum blockchain, is also trading flat

However, as compared to last week, it is down by more than 15 percent Credit: Canva

Ether’s current price is USD 3,306

Far from its hope of beating the USD 4,000 threshold during the last bull run Credit: Canva

The third biggest cryptocurrency, Cardano, is also down by more than 15 percent

Its price is in the red at USD 2.41 Credit: Canva

Cardano’s dip comes despite its Alonzo update going live

The change allows developers to now mint smart contracts, like NFTs, on the blockchain Credit: Canva

Meanwhile, Shiba Inu based cryptocurrencies are surging by over 400 percent

Shiba Floki, Super Floki and others seem to be flying high on Elon Musk’s tweet about his new pet Credit: Canva

Litecoin too saw some action on reports of a partnership with Walmart

The company later denied the development, calling the press release ‘fake’ Credit: Canva

Litecoin’s initial surge of over 20 percent eventually tapered out

The cryptocurrency is currently trading at USD 178.65, averaging out at gains of 1.27 percent in the last 24 hours Credit: Canva

Binance Coin, the cryptocurrency behind the biggest crypto exchange in the world, is even worse off

It has lost nearly 20 percent of its value in the past one week Credit: Canva

Binance Coin is currently trading at USD 401.75

The price has barely moved in the last 24 hours Credit: Canva

Ripple’s XRP is also trading flat

It’s trading at USD 1.08 — down 21 percent in the last one week Credit: Canva

Dogecoin continues its red run, down by 2 percent today

Trading at USD 0.2367, the cryptocurrency plummeted by 22 percent in the last one week Credit: Canva

The only two cryptocurrencies that seemed to have bucked the trend are Solana and Polkadot

Solana is in the green, up by over 6 percent in the last 24 hours at a price of USD 167.54 Credit: Canva

As compared to last week, Solana’s value is down by 2.65 percent

But the dip relatively minimal compared to its peers Credit: Canva

After Polkadot’s bull run yesterday, it’s price is now stabilised at USD 35.35

The cryptocurrency is up by nearly 2 percent as compared to last week Credit: Canva

These are top cryptocurrencies by volume according to CoinMarketCap.

Prices updated as of 9.30 am IST and may change over the course of the day. Credit: Canva