 ▲ Dogecoin (DOGE) |
Representative meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), both recorded a downward trend amid price adjustments across the cryptocurrency market and a decline in the stock price of GameStop, a meme stock.
What do the public think about Dogecoin and Shivanu? Let’s check it out with the big data analysis platform Some Trend.
 ▲ Source: Some Trend |
Dogecoin vs. Shivanu, what is the trend in mention volume?
During the week from June 5 to June 11, Dogecoin was mentioned 34 times and Shivanu was mentioned 79 times.
 ▲ Source: Some Trend |
 ▲ Source: Some Trend |
 ▲ Source: Some Trend |
 ▲ Source: Some Trend |
Dogecoin vs Shivanu, what are the images and key emotional words?
Dogecoin does not have positive or negative sentiment words.
Sibainu's image was confirmed to be positive, with 73% positive, 24% negative, and 3% neutral. Among the major emotional words, positive expressions include 'free', 'help', 'trust', 'like', 'good', 'reasonable', and 'lovely'. Negative expressions include 'worry', 'worry', 'stress', 'loneliness', and 'first time', while neutral expressions include 'attention'.
Major issues related to Dogecoin and Sibainu
AMB Crypto, a media outlet specializing in cryptocurrency, cited Santiment's on-chain data analysis results and explained that although trading volume increased by 38% in 24 hours, it is difficult to view this as a positive sign.
The media reported that Dogecoin's relative strength index (RSI) is currently below 40, creating a bearish sentiment, and considering the situation in which the price continues to decline, it appears that there are more sellers than buyers.
Arthur Hayes, co-founder of virtual asset exchange BitMEX, said in an interview with Real Vision CEO Raoul Pal that Dogecoin is expected to be banned from the U.S. Securities and Exchange Commission (SEC) during this bull cycle. He claimed that he would approve a coin spot exchange-traded fund (ETF).
“Dogecoin is the oldest memecoin and is like the Robin Hood of the memecoin world,” Hayes said. “Considering the trend of traditional finance (Tradfi) accepting cryptocurrencies, it is tempting to launch anything possible as an ETF.” “It will,” he said.
CoinGape, a media outlet specializing in blockchain, reported that a petition was posted on Change.org asking Grayscale to consider launching a Sibuynu spot ETF. The current goal for the total number of petition signers is 15,000, and so far, 1735 people have signed.
“On behalf of investors, digital currency enthusiasts, and potential innovators of cryptocurrency, we write this petition with the common ambition of expanding cryptocurrency investment options through trustworthy and compliant channels,” the petition states. “We hope Grayscale will consider launching the Sibuynu spot ETF.”
Grayscale has not yet shown any response to the petition.
Dogecoin·Shibainu, what is today’s price?
As of 4:11 p.m. on June 12, the price of Dogecoin according to CoinMarketCap is $0.1396, down 0.97% from the previous day, and the price of Sibainu is $0.00002204, down 1.7% from the previous day.
