Dogecoin Price Crash as Twitter Sued? Shiba Inu & These 3 Cryptos Pump
The Dogecoin price crashed 7% in the past 24 hours on news that Twitter is being sued for mass layoffs, and meme coin rival Shiba Inu pumped. The second largest meme cryptocurrency, SHIB is known for something of an inverse correlation to DOGE, or for pumping after money is divested out of Dogecoin. Dogecoin Price Drop After its over 160% pump since late October, some form of pull back was to be expected - Dogecoin is down around 25% from its November 1st high of $0.158. Dogecoin price chart - 4 hour timeframe The breaking news in Bloomberg of a Twitter lawsuit could lead to a further Dogecoin crash. The class action lawsuit centres around Elon Musk's plan to lay off half the workforce, approximately 3,700 employees. Workers claim Twitter Inc. is doing that without sufficient notice and therefore in violation of federal and California law. SHIB / DOGE price chart via Binance - 4 hour timeframe With how closely traders watch the ratio between Shiba Inu and Dogeco...