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    Dogecoin, Binance Coin & Shiba Inu: 12 January Price Digest

    Dogecoin, BNB, Shib Price Digest

    Dogecoin (DOGE) is Up Due To Whales 

    Dogecoin (DOGE) is up 6.9% in the last 24 hours. The coin is trading at a price of $ 0.154451.  

    The reason for the growth was undoubtedly the fact that DOGE returned to the list of the 10 most popular cryptocurrency tokens, which were acquired by 1000 of the largest investors – owners of wallets in the Binance Smart Chain (BSC). This is reported by the WhaleStats resource.

    In January and December, crypto whales transferred 407.4 million Dogecoins. 

    Binance Coin (BNB) Price Has Risen 2.5%

    Over the past 24 hours, there has been a sharp increase in the total capitalization of the crypto market. Bitcoin growth turned out to be modest, and altcoins also demonstrated moderate success. Specifically, Binance Coin (BNB) price has risen 2.5% over the past 24 hours. Now the token price is $ 467.09.

    Although this growth is conditioned by the general crypto trend, BNB's success may be helped by the latest achievements of Binance: for the first time in its history, the crypto exchange became the official sponsor of the largest sports competition on the African continent – the Africa Cup of Nations. The exchange has become the exclusive blockchain and crypto platform of the tournament.

    Shiba Inu (SHIB) Recovers 

    Shiba Inu has joined the recovery rally that has swept the crypto market. For the first time since December 28, the cryptocurrency is experiencing positive trading days. SHIB price today is $ 0.00002873. It is up 7.5% in the last 24 hours.

    Given that the assets in this coin at the largest addresses in Ethereum did not increase from $ 1.4 billion, it can be assumed that the recovery was mainly driven by the activity of retail traders, but by large investors. Another factor contributing to the positive price dynamics is the constant burning of the coin.

    The content of this article is for informational purposes only and should not be construed as investment advice. We ask you to do your research. This text is not a guide to action. The author's opinion may not coincide with the opinion of CoinJoy.