Ripple, Shiba Inu, Dogecoin: when will the regulation be?

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Ripple, Shiba Inu, Dogecoin

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Investing.com – Ripple, Shiba Inu and Dogecoin are all posting gains on Tuesday, February 8. The rose 8.79% to $0.8377, while the posted a gain of 12.79% to $0.00003149 and lost 1.02% to $0.1553.

Ripple on the rise – SEC independence increasingly in sight

Over the past seven days, Ripple has had the best performance among the top ten cryptocurrencies, rising almost 40 percent. The coin was supported not only by the generally positive market environment, but also by the growing expectation that the SEC complaint will dissipate.

In the United States, some attorneys have started a petition for a full investigation into the SEC’s enforcement actions against cryptocurrencies.

In the past, there have been clues that various SEC officials have made targeted cryptocurrency decisions for their own financial interests.

Shiba Inu is the clear winner

A week ago, many would have thought Shiba Inu’s performance within seven days was impossible. During this period, it has climbed 52 percent, which no other cryptocurrency in the top 50 has managed to do.

With this new rally, the number of investors with high SHIB value has also increased. Whale Stats even reported that there was a new whale holding tokens worth $115 million.

How long can Dogecoin still hold its place?

Dogecoin is still the twelfth largest cryptocurrency by market capitalization, but Shiba Inu may soon dislodge it from that spot.

For this not to happen, it is essential that the resistance of the 50% Fibo retracement of $0.1664 is permanently exceeded. Currently, the cryptocurrency is on a downward path, however, where the 38.2 percent Fibo retracement of $0.1555 offers immediate support.

As long as it resists the downside pressure, the recovery towards $0.18 remains intact.

By Marco Oehrl

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