Three top cryptocurrencies – Dogecoin (DOGE), Shiba Inu (SHIB), and XRP – have experienced significant price crashes due to market volatility and recent news of President Trump’s tariff plans on China, Mexico, and Canada. According to data from CoinMarketCap, the prices of these cryptocurrencies have declined by over 6%, 5%, and 2.4% respectively in the past week.
The decline is attributed to the impact of the tariff announcement on Bitcoin, which has historically affected its price trajectory. Additionally, a recent development involving Chinese AI company DeepSeek overtook OpenAI’s ChatGPT led to significant market sell-offs, causing Bitcoin to plummet.
However, despite the recent declines, there are some positives for Dogecoin, Shiba Inu, and XRP. Analysts predict that Dogecoin may surge to new all-time highs of $8, while Shiba Inu has seen a significant increase in token burns, with over 7,000% burn rate in the past 72 hours.
In related news, Ripple’s CEO Brad Garlinghouse praised XRP for achieving significant milestones in Q4 2024, including hitting a market cap of over $100 million and launching the RLUSD stablecoin.
Source: https://bitcoinist.com/dogecoin-shib-and-xrp-crashed