Asian Market Wrap-Up for March 6: Shiba Inu, Dogecoin, and Binance Coin

Shiba Inu’s lead developer, Shytoshi Kusama, has increased the prize pool for the monthly Shiba Eternity tournament, as well as doubling the tournament frequency to twice a month. This has generated a bullish sentiment among SHIB ecosystem participants. Meanwhile, Dogecoin has continued to grow, with its uptrend sustained by the steady demand wall at $0.075. The cryptocurrency ecosystem saw a correction due to uncertainty from Silvergate Bank’s clients, crypto firms, and cryptocurrency exchanges dropping the institution, but DOGE’s price remained strong above the support level. Finally, South Korean blockchain-based community platform Steemhunt has accused Binance of stealing its AI-based NFT product, Chatcasso. Binance’s NFT product is named Bicasso, raising concerns that the similarity in name and features may stifle Steemhunt’s innovation.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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