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Investing.com – While the rest are hesitant, continuing to threaten to dip below $20,000, other major cryptocurrencies are faring much better, with solid gains in recent days.
The , the 10th largest cryptocurrency on the market, for example, is gaining more than 6% over 24 hours and around 14% over a week at the time of writing this article. The , in 16th place in the ranking, is doing even better, with +21% since yesterday and +17% over one week.
For comparison, Bitcoin is stable over 24 hours and shows a drop of 7.5% over one week.
Elon Musk (again) renews his support for Dogecoin
When it comes to Dogecoin (DOGE), the cryptocurrency once again enjoyed support from Tesla (NASDAQ:) boss Elon Musk. After he reiterated his support for Dogecoin in a tweet on Monday, he persisted and signed on during an interview at the Qatar Economic Forum in Doha yesterday.
“I intend to personally support Dogecoin, because I just know a lot of people who aren’t that rich who encouraged me to buy and support Dogecoin – so I respond to those people,” a- he declared.
Musk also said his own employees have asked him to support cryptocurrency. “They asked me to support Dogecoin, and that’s what I’m doing,” said Elon Musk.
Shiba Inu is gaining popularity with crypto whales
The Shiba Inu, which is openly a “copy” of the Dogecoin, may have benefited by association from Elon Musk’s support for DOGE, but SHIB has also benefited from news of its own.
Notably, available blockchain data shows that Shiba Inu is now the 3rd most held cryptocurrency by Whales, accounting for over 15.5% of their positions.
On another note, the official Shiba Inu cryptocurrency (NYSE:) Twitter account reached a new milestone of 3.4 million followers, also the official account of its rival Dogecoin.