Dogecoin, Shiba Inu Underperform Broader Crypto Market Despite Fundamental Growth
Adoption and usage of the two tokens failed to move prices by much even as the crypto market added 5%.Tokens of dogecoin (DOGE) and shiba inu (SHIB) rose an average of 3.5% in the past 24 hours even as the broader market added over 5%, data from CoinGecko show.
The relative underperformance came even as both ecosystems saw fundamental growth in their underlying communities. DOGE was used to fund the purchase of a controlling stake in BIG3 league basketball team Aliens and shiba inu developers started allowing community members to use SHIB for minting virtual land on shiba inu’s recently-launched metaverse.
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