In the first half of 2021, the popularity of animal coins is impressive. At that time, the price of SHIB has soared from US$0.00000006 in early April to US$0.00004, and now it is 0.000007; LBank is also one of the first platforms to introduce Dogecoin and SHIB. So, what is the current status of all animal coins? Except for DOGE, which can barely be seen, the rest have fallen to the bottom, and even Musk issued an article admitting that DOGE is a scam.

Blue Shell Academy compares it from the perspectives of turnover rate and circulation rate. The highest turnover rate is AKITA Akita Inu, which exceeds eight points, followed by HOKK Hokkaido Inu, which exceeds four points, and then SHIB Shiba Inu. Down is HOGE Pug, DOGE Dogecoin, POODL Poodle, RVN Raven, KAKI Corgi, DOG Dogecoin.

In terms of circulation rate, DOGE ranks the highest, RVN ranks second, and SHIB Shiba ranks third; followed by DOG, KAKI, SDOG, HOGE, HOKK.

In terms of price, only DOGE and RVN can be ranked, and the rest of the prices are too low to be ranked.

Specifically as shown in the figure below:

The reason for this form is also very simple at the beginning. Driven by the strength of Musk, the world’s richest man, Dogecoin (Dogecoin) has soared from US$0.008 at the beginning of the year to US$0.74 at the highest point. It took less than 4 In just one month, it skyrocketed nearly a hundred times; however, it plummeted dozens of times immediately. Coupled with policy reasons, the market continued to fluctuate. At present, the market is cautious about the entire data encryption industry.

However, according to news on August 9, despite the uncertain shadow of the US infrastructure plan on the future of digital cryptocurrencies, the prices of Bitcoin and Ethereum (Ether) recently hit the highest level since mid-May.

Yesterday, according to LBank data, the price of Bitcoin rose 3.6% to $46,689, the highest price since May 18. Ether rose 6.9 percent to $3,145. Previously, the Ethereum (Ethereum) network underwent a major upgrade.

See the picture below (taken from the official data of LBank)

Paolo Ardoino, chief technology officer of cryptocurrency trading platform Bitfinex, commented on Friday local time, “A sense of optimism seems to have returned to the cryptocurrency trading market.

He also said that after the ethereum network upgrade, "bitcoin led the rally, and ethereum has also been on the rise." will disappear."

In the past few months, as regulators in China and other countries have strengthened the supervision of digital cryptocurrency mining activities and trading behavior, the trading prices of digital cryptocurrency such as Bitcoin have fallen sharply from record highs, triggering investors to pay attention to the digital currency. Doubts about the development prospects of encrypted currency assets.

In addition, Tesla CEO Musk said not long ago that in the context of the global push to reduce carbon emissions, Bitcoin mining consumes a lot of fossil energy and renewable energy, which is worrying. Affected by Musk's remarks, Bitcoin plummeted at the time.

However, after these setbacks, the cryptocurrency trading market is now showing signs of recovery again.

Bitcoin is trading near its 50-day moving average, a level it hasn't touched since May 26. Ether is once again trading above $3,000, a level it first crossed for just two weeks.

One of the uncertainties still affecting the outlook of the cryptocurrency trading market is the U.S. infrastructure bill being discussed in the U.S. Congress.

The amendment to the bill involves digital cryptocurrency transactions and taxation. The bipartisan group that drafted the bill hopes to generate more tax revenue from the cryptocurrency market to help pay for some of the bill's implementation costs.

Still, that hasn't stopped the momentum of cryptocurrencies, whose market capitalization has risen about 10 percent in the past 24 hours to $1.89 trillion, according to data from digital currency asset trading platform CoinGecko.com. In addition to Bitcoin and Ethereum trading prices rising, other digital tokens such as Binance Coin, Cardano, XRP and Dogecoin are also rising.

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