Shiba Inu Lead Developer Shytoshi Kusama Nods To Crypto Analysts' Sentiment On Selling Amid Market Crash: 'They Really Want Your Cheap Crypto'
Portfolio Pulse from Aniket Verma
Shiba Inu's lead developer, Shytoshi Kusama, supports the sentiment of not selling cryptocurrencies amid a market crash. Influencer Oscar Ramos also advises against selling, suggesting the downturn could be a buying opportunity. Major cryptocurrencies like Bitcoin and Ethereum have seen significant drops, mirroring stock market declines due to recession fears and geopolitical tensions.
August 05, 2024 | 3:21 am
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NEUTRAL IMPACT
Shiba Inu's lead developer Shytoshi Kusama supports the sentiment of holding onto cryptocurrencies despite the market crash. SHIB has fallen 15% in the last 24 hours.
Shytoshi Kusama's support for holding SHIB during the market crash may stabilize investor sentiment, but the significant recent drop indicates high volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Bitcoin experienced a significant drop, hitting an intraday low of $52,559, the lowest since late February, amid market-wide declines.
Bitcoin's significant drop reflects broader market fears and could lead to further short-term declines as investor sentiment remains negative.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80
NEGATIVE IMPACT
Ethereum recorded its steepest drop since December 2022, hitting an intraday bottom of $2,152 amid the market crash.
Ethereum's steep drop indicates significant market stress and could lead to further short-term declines as investor sentiment remains negative.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80