Shiba Inu Outperforms Dogecoin, Pepe Coin After This New Development — Here's Why It Is Up 3% Today
Portfolio Pulse from Mehab Qureshi
Shiba Inu (CRYPTO: SHIB) has outperformed Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE), rising by 3% in the last 24 hours. This follows an announcement by Shiba Inu's lead developer of plans to integrate Self-Sovereign Identity (SSI) into its protocols, enhancing network security and user control over digital identities. Meanwhile, DOGE and PEPE have dropped by 0.98% and 2.01% respectively.
August 04, 2023 | 2:50 pm
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POSITIVE IMPACT
Shiba Inu (CRYPTO: SHIB) has risen by 3% in the last 24 hours following plans to integrate Self-Sovereign Identity into its protocols.
The rise in Shiba Inu's price is likely due to the recent announcement of plans to enhance its network security and user control over digital identities, which may have attracted investor interest.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin (CRYPTO: DOGE) has dropped by 0.98% in the last 24 hours.
The drop in Dogecoin's price is likely due to the recent announcement by Shiba Inu of plans to enhance its network security, which may have shifted investor interest.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Pepe Coin (CRYPTO: PEPE) has dropped by 2.01% in the last 24 hours.
The drop in Pepe Coin's price is likely due to the recent announcement by Shiba Inu of plans to enhance its network security, which may have shifted investor interest.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80