Purebun.com – Dogecoin and Shiba Meme Coin Prices Rise Today June 20, 2022. The prices of popular coin memes such as Dogecoin (DOGE) and Shiba Inu (SHIB) are showing a green graph which means strengthening although not quite significantly on Monday, June 20, 2022.
This strengthening occurred in the midst of the crypto market conditions which recently experienced a decline. One of the reasons for the strengthening of coin memes, especially Dogecoin, was again caused by the tweet of Tesla CEO, Elon Musk.
Over the weekend, Musk tweeted again demonstrating his commitment to continuing to support Dogecoin. After that tweet, DOGE was trading at USD 0.062662, or around IDR 928.84
Based on data from Coinmarketcap, Monday afternoon (20/6/2022), Dogecoin as the largest meme coin and currently in the 10th position in the ranks of the largest cryptocurrencies has experienced a 12.00 percent increase in the last 24 hours.
Even so, in a week the price of Dogecoin still weakened by 2.97 percent. Until now, DOGE is at a price level of USD 0.05842 or around Rp. 865.99 (assuming an exchange rate of Rp. 14,823 per US dollar).
As for another popular coin meme, namely, Shiba Inu is also following in the footsteps of a stronger Dogecoin.
Shiba Inu, strengthened in the past day by 7.31 percent. However, within a week the SHIB was seen to be still weak by 3.22 percent. This makes the price of Shiba Inu at the level of USD 0.00000803 or around Rp. 0.12.
Crypto Prices Monday Morning 20 June 2022
Previously, starting the fourth week of June 2022, the prices of Bitcoin and the top cryptocurrencies were observed to experience uniform price movements on Monday morning (20/6/2022). The majority of top-tier cryptocurrencies managed to strengthen slightly.
Based on data from Coinmarketcap, Monday morning, June 20, 2022, the crypto with the largest market capitalization, Bitcoin (BTC) rose 9.42 percent percent in 24 hours, but still weakened 25.43 percent in the week.
Currently, the price of bitcoin is at the level of USD 20,413 per coin or equivalent to IDR 302.9 million (assuming an exchange rate of IDR 14,838 per US dollar).
Ethereum (ETH) also managed to strengthen today. Over the past 24 hours, ETH is up 19.11 percent, but is still down 23.09 percent for the week. With that said, ETH is currently at USD 1,131 per coin.
The next cryptocurrency, Binance coin (BNB) has also managed to strengthen since yesterday. In the last 24 hours BNB rose 9.70 percent, but is still down 18.24 percent for the week. This makes BNB priced at USD 213.80 per coin.
Other Crypto Prices
Then Cardano (ADA) this morning still slightly strengthened. In the past day the ADA was up 7.14 percent. But still down 6.89 percent for the week. Thus, ADA is at USD 0.4797 per coin.
Meanwhile, Solana (SOL) also managed to strengthen. Throughout the last one day SOL rose 16.11 percent and 7.84 percent a week. Currently, the price of SOL is at the level of USD 34.55 per coin.
XRP also strengthened this morning. XRP is up 6.62 percent in the last 24 hours, but is down 7.68 percent in the week. That way, XRP is now priced at USD 0.3267 per coin.
Stablecoin Tether (USDT) and USD coin (USDC), both rose 0.03 percent today. This makes USDT at the level of USD 0.9988 and USDC valued at USD 1.00.
While Binance USD (BUSD) fell 0.30 percent in the last 24 hours, but the price is still at the level of USD 1.00.
The overall crypto market capitalization is at the level of USD 898.5 billion. Still weak when compared to a few days ago which was above USD 1 trillion.
Bitcoin Hits Lowest Level Since December 13, 2020
Previously, the bitcoin price fell below USD 20,000 again on Saturday, June 18, 2022. The price of bitcoin touched USD 18,740 or around IDR 277.91 million (assuming an exchange rate of IDR 14,830 per US dollar), the lowest level since December 13, 2020.
With investors increasingly wary of risk, the world’s most popular crypto asset has lost more than 72 percent of its value since hitting a high of USD 68,991 on November 10, 2021.
After sinking to USD 18,740 on Saturday, June 18 2022, bitcoin’s price rose to USD 18,941 or around Rp. 280.89 million at 1550 GMT, down eight percent from Friday’s trading this week. So quoted Channel News Asia, Sunday. June 19, 2022.
Other major digital currencies also fell on Saturday this week including ether which lost nearly 10 percent of its value. Global stock markets have also tumbled this week on fears rising inflation-fighting interest rates by the Federal Reserve (the Fed) and other central banks could trigger a recession.
The global crypto market cap fell below the $1 trillion mark on Monday, June 13, 2022 after hitting $3 trillion in November 2021.