As an experienced financial analyst, I’ve seen my fair share of market fluctuations and trends, especially in the cryptocurrency space. The recent news of Shiba Inu (SHIB) being made available for purchase through the PayPal app was a significant development that initially led to a surge in its price. However, it appears that the excitement was short-lived as SHIB, along with many other major meme coins, experienced a dip in value within the last 24 hours.
As a researcher, I’ve noticed that Shiba Inu (SHIB) has once again shifted to a bearish trend, despite a significant surge of almost 12% the previous day. This upward movement was triggered by the announcement that U.S. users can now purchase the meme coin directly through the PayPal application.
As a financial analyst, I’m excited to share that MoonPay recently revealed its partnership with PayPal on May 2. The primary objective of this collaboration is to simplify the process for individuals in converting traditional funds into popular cryptocurrencies such as Shiba Inu.
We’re delighted to share some exhilarating news from MoonPay! Starting today, we’ve teamed up with PayPal to provide a groundbreaking service: U.S. users can now effortlessly convert fiat currency into cryptocurrency through MoonPay! π€ #MoonPayPartnersWithPayPal #FiatToCryptoTransactions #SeamlessPaymentSolution
β MoonPay π£ (@moonpay) May 2, 2024
As a researcher, I’ve come across an interesting development from MoonPay’s blog post. They’re planning to integrate PayPal as a payment method, making it easier for their customers to purchase cryptocurrencies using their existing PayPal accounts for online transactions.
Users have the flexibility to pay for their cryptocurrency purchases through PayPal using their existing PayPal balance, debit cards linked to their account, or by making a direct transfer from their bank.
Following the announcement, the price of SHIB went up by 11.98% to $0.00002553.
The rise in value occurred simultaneously with other popular meme coins like Dogewhats (WIF), Flokis (FLOKI), and Dogecoins (DOGE). Each experienced a significant increase of over ten percent.
Over the past day, Shib has experienced a decline in value exceeding 3%. The current market price for one Shib token is approximately $0.00002479.
The price decrease was observed alongside a significant trading volume of over $484 million within a 24-hour period, representing a substantial 45% decrease compared to the previous day’s figures, as reported by CoinMarketCap.
As a researcher examining the cryptocurrency market, I discovered an intriguing trend: Shiba Inu wasn’t alone in experiencing a price decrease within the last 24 hours. A significant number of prominent meme coins witnessed a decline, with prices dipping between 0.88% and 4.83% after previously experiencing double-digit growth.
- Dogecoin was previously up by 20.27%. Itβs now trading at $0.1603 β a 2.20% decrease in value in the last 24 hours.
Floki did well at the start of the weekend, going up by an impressive 21.58%; Itβs currently in the red, having shaved off about 2.78% of its value over 24 hours.Β
Bonk (BONK), which ranks sixth among meme coins by market capitalization, lost nearly 5% of its price. Much like its peers, the Solana-based meme coin had a great start to the weekend too, jumping 11.51% to reach $0.00002915.
WIF seems to have suffered the least damage in that time frame, registering a miniscule 0.88% dip in its price. Previously, it had been among the best-performing meme coins, with a nearly 29% price jump at the beginning of the weekend.Β
Read More
- BODEN PREDICTION. BODEN cryptocurrency
- GHST PREDICTION. GHST cryptocurrency
- BETA PREDICTION. BETA cryptocurrency
- STRD PREDICTION. STRD cryptocurrency
- Mango Markets Exploiter Found Guilty Of Fraud And Manipulation
- GBP EUR PREDICTION
- MATIC PREDICTION. MATIC cryptocurrency
- LOOKS PREDICTION. LOOKS cryptocurrency
- BRN/USD
- TNSR PREDICTION. TNSR cryptocurrency
2024-05-05 19:44