Shiba Inu, Bitcoin, Ethereum, And Other Cryptocurrencies Fall Amid Market Sell-Off

Cryptocurrency investors might not be having the best time of the year today as the crypto markets have been spooked by a wide sell-off. The biggest cryptocurrency of the world by market cap, Bitcoin, breached the $44,000 level after being down 3%.

Ethereum, Solana, Dogecoin, and mostly all other cryptocurrencies were bleeding as the market-wide sell off continued. In the stock market as well, the NASDAQ had it’s worst day since March 2021 as tech sell-off worsened.

Shiba Inu Vs Safemoon

ShibArmy, which was already enraged by Safemoon investors who were winning in a poll that was started to see which is the strongest crypto community on Twitter, have further been hammered with a falling price of Shib.

At the time of writing this article, there are 12 hours left for the poll. Safemoon is leading the Twitter poll with 48% of the votes whole Shiba Inu ranks second with 41% votes. Dogecoin seems to have an inactive community because it only fetched 10% of the votes on the poll.

The ShibArmy has been actively sharing the poll and asking the community members to go and vote for their favorite meme-coin. While it was believed that Shiba Inu has the strongest community on Twitter, Safemoon supporters are proving it wrong in the poll.

Shiba Inu Dips

As the price of Shiba Inu plunges amid the market-wide sell-off, it is an ideal time for traders and Shib believers to buy the dip.

A source revealed a Robinhood team held a meeting on the listing of Shiba Inu at 3:00 p.m. yesterday. The discussion was about getting SHIB on board along with 2-3 other cryptocurrencies.

Other cryptocurrencies have jumped on the news of being listed on Robinhood in the past. For instance, the first ever Dog inspired meme-currency Dogecoin jumped 8,700% on the news of being listed on Robinhood.

If the afore-mentioned report turn out to be true, we are bound to see another All-Time-High in the first half of 2022. The new year rally in Shiba Inu is preparing to launch itself and this seems the time for buying the dip.

What do you think about the whole story? Tell us your thoughts in the comments.

Shaheer is passionate about living a life seeking un-ending knowledge, philomath, as you may think of him. He's a student of Finance and a keen observer of Business and Indian-Political scenario who takes pleasure to pen down his views and opinions on the same. As his guiding mantra to life, ‘Come what may , life goes on’ helps.

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