Shiba Inu Ecosystem Collapses 60% During the Crypto Crash

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Shiba Inu Ecosystem Collapses 60% During the Crypto Crash

The crypto carnage sent tokens on a downward spiral after Bitcoin and Ethereum plunged double digits. Bitcoin is down 12% reaching $17,700 levels and is now at its November 2020 lows. BTC shed all its profits that it generated last year during the bull run that took it to its all time high of $69,044. On the other hand, Ethereum plummeted 20% reaching $1,150 and both the cryptos are bleeding porously. In addition, the Shiba Inu ecosystem is hit hard due to the crash as SHIB added an extra ‘zero’ on Wednesday.

Shiba Inu Ecosystem of Trifecta Tokens Bleed

Shiba Inu was trading with four ‘zeroes’ in the indices yesterday and is now trading with five ‘zeroes’. The Shiba Inu ecosystem tokens that include SHIB, Bone, and Leash are collectively down nearly 60%.

SHIB bled 16% on Wednesday due to the market crash, while Leash is down 18% and Bone straightaway plummeted 25%. Therefore, the whole ecosystem of the trifecta tokens shed 60% in value in a day.

The Shiba Inu trifecta ecosystem is down:

SHIB -16%

Leash -18%

Bone -25%

Shiba Inu’s market cap also fell below the $6 billion mark shedding nearly 12% of its overall market cap. While SHIB added an extra ‘zero’, its ecosystem token Bone fell to a low of $0.72. Bone is unable to maintain its positive momentum as the Shibarium documentation release is delayed.

The delay in the launch of the Shibarium documentation has punctured Bone’s prospects after rallying in August and September. Bone had doubled in price previously reaching $1.09 from $0.48 in 30 days, as it was announced to be the governing token in the Shibarium network.

Credit : LINK

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