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In the midst of the Bitcoin crash, dog-themed Alien Shiba Inu (ASHIB) turns Rs 1 lakh to Rs 20 lakh in 24 hours! – The Bharat Express News

Bitcoin crash: The price of the Alien Shiba Inu (ASHIB) climbed 1900% in 24 hours.

The cryptocurrency market is full of uncertainties. No one can possibly predict, or even logically guess, how the price of a particular coin may move. Generally, it has been found that whenever the price of Bitcoin drops, a relative drop in the prices of other popular crypto tokens also takes place. However, even in such situations, there is always one little-known piece that goes against the trend.

Consider this: The price of a coin named Alien Shiba Inu (ASHIB) has increased 1900% in 24 hours, according to data from CoinMarketCap at the time of writing. This means that if a person had invested Rs 1 lakh in ASHIB, it would have risen to Rs 20 lakh in one day! ASHIB targets investors who may have missed the bull run of famous dog-themed coins like SHIBA Inu (SHIB).

READ ALSO | Bitcoin Crash: Why Are Cryptocurrency Prices Falling Over New Years?

ASHIB price today

ASHIB was trading at $ 0.0075 at the time of filing this report. According to the CoinmarketCap website, ASHIB has a maximum supply of 10 crore coins.

Should you invest in ASHIB?

Be careful, if you think you will make money with the ASHIB rally. There are several reasons. First, very little information is available on this coin. Second, it is ranked 3356 in terms of market cap. No crypto expert would advise you to risk your money in such a low-rated coin. Third, it is not available on popular exchanges, and certainly not on any Indian crypto exchange.

ASHIB price change in 24 hours. Source: CoinMarketCap

What about DOGE and SHIB

Meanwhile, prices for much higher-ranked dog-themed coins like SHIBA Inu (SHIB) and Dogecoin (DOGE) have been falling since the start of the new year. SHIBA Inu’s price fell to $ 0.00002828 from $ 0.00003401 on January 2, 2022. SHIB is ranked 13th in terms of market cap. The 12th-ranked Dogecoin (DOGE) price fell to $ 0.1501 from $ 0.173 on January 2, 2020.

READ ALSO | Cryptocurrency Management: What Should Investors Do in a Volatile Market Amid Political Uncertainty?

Bitcoin crash: BTC, ETH price today

Since the start of the new year, what worries crypto investors the most has been the drop in the price of Bitcoin and other flagship coins like Ethereum. On Sunday January 9, Bitcoin was trading at $ 41,560 after falling 12.15% in the past 7 days. Ethereum was trading at $ 3,101, down 17.35% in the past seven days.

(Cryptocurrencies are unregulated and risky assets. Investing in crypto can lead to losses. Do your due diligence and consult your financial advisor before investing in cryptocurrencies.)

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