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Dogecoin, Shiba Inu, XRP Flagged By Analytics Firm As Buying Opportunities Amid 2024 Sentiment Low

Published 18/06/2024, 04:01
Dogecoin, Shiba Inu, XRP Flagged By Analytics Firm As Buying Opportunities Amid 2024 Sentiment Low
XRP/USD
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DOGE/USD
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SHIB/USD
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Benzinga - The cryptocurrency market had a rough start to the week, with popular large-cap currencies registering marked declines.

What Happened: Memecoins Dogecoin and Shiba Inu, and payment-focused coin XRP traded in the red on Monday, as indicated below.

Cryptocurrency Gains +/- Price (Recorded at 10:00 p.m. EDT)
Dogecoin (CRYPTO: DOGE) -13.22% $0.1179
Shiba Inu (CRYPTO: SHIB) -14.93% $0.00001752
XRP (CRYPTO: XRP) -0.77% $0.482

DOGE was now 46% lower than its 2024 highs set in April, while SHIB's price has halved since its yearly peak.

The slump affected crowd sentiment for these assets. According to on-chain analytics firm Santiment, positive mentions for XRP, DOGE, and SHIB on social media plunged to their lowest level in 2024.

But therein lies the opportunity.

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