Altcoin News by Thebittimes.Com

Shiba Inu and  Dogecoin , which revolutionized the meme coin industry, have stalled this year and underperformed their peers. SHIB price has barely moved in 2023 even as Bitcoin has jumped by over 120%. Dogecoin, on the other hand, has risen by less than 10%. Why SHIB and DOGE are struggling Dogecoin and Shiba Inu were two of the hottest meme coins in 2021, which explains why they are multi-billion dollar assets. Dogecoin has a market cap of over $11 billion while Shiba Inu is valued at more than $4.9 billion. The two have lost momentum as investors focus on other cryptocurrencies. Some of the fastest-growing tokens this year are newer meme coins like Bonk, Pepe, and Memecoin, which are all worth over $1 billion.  Dogecoin has stalled because Elon Musk, who famously boosted it in 2021 has stayed in the sidelines. He has not talked or even tweeted about it in the past few months. As a result, most investors have avoided the coin. Shiba Inu, on the ot...

Bitcoin funding rates are in classic bull market territory, but can BTC price upside sustain as macro volatility triggers line up? Bitcoin (BTC) starts a new week still riding high near $37,000 as macroeconomic data returns to the fore. The largest cryptocurrency continues to circle its highest levels in 18 months, with excitement over a possible exchange-traded fund (ETF) approval in the United States driving sentiment. That is getting increasingly greedy, however, as according to the Crypto Fear & Greed Index, conditions match those seen as BTC price action hit its current all-time highs in late 2021. What could shake up the status quo to produce volatility in the coming days? The odds of an external trigger are more significant this week. A raft of U.S. macro data, including the Consumer Price Index (CPI), has the potential to disrupt any sideways trading activity across risk assets. Multiple officials from the Federal Reserve are also due to speak, while the precarious geopoli...