Dogecoin co-founder's Shiba tweet catches crypto community attention
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Cryptocurrencies slumped as risk aversion spread through financial markets, and Genesis began distributing digital assets to creditors after its bankruptcy restructuring. In recent weeks, cryptocurrency prices have been pushed down by concerns that too many tokens might enter the market at once, exceeding investor demand.Bitcoin fell below $61,000, dragging with it the rest of the crypto market. At the time of writing, Dogecoin was down 2.85% in the last 24 hours to $0.113. Shiba Inu was down 5.
As the crypto market faces volatility, Shibetoshi Nakamoto's tweet serves as a reminder of the playful nature of the meme coin space. The crypto community reacted to the endearing clip of the Shiba Inu dogs; such unexpected and lighthearted moments are often sure to keep the community entertained., a dog-themed cryptocurrency, debuted in late 2013 as a playful combination of internet culture and the burgeoning popularity of Bitcoin .
Dogecoin, founded by software programmers Billy Markus and Jackson Palmer, purposefully adopted the"Doge" meme, which features a Shiba Inu dog as its symbol.Both digital assets are inspired by the Shiba Inu dog and integrate the breed's iconography and cultural references, giving their branding and communities a playful spirit.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.
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