Cryptocurrency news: Shiba Inu up by 12%, Solana increases by 5.3%

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Five of the top ten cryptocurrencies were trading in green in the last 24 hours, with Shiba Inu showing the highest gain of 12.02% to $0.00007239. Solana soared by 5.38% to $202.19. The world’s oldest and largest cryptocurrency Bitcoin fell by 2.03% to $60,460.37, while the second-largest token Ethereum declined by 2.87% to $4,233.13. Cardano also slipped by 3.16% to $1.94. Others like Dogecoin gained marginally by 2.43%. In terms of ranking, all the cryptocurrencies are in the same position.

Cryptocurrency prices

Dogecoin jumps in value after Musk’s tweet on using it as currency for tuition fees

Dogecoin continued its upward journey as Tesla boss Elon Musk posted a tweet of using it as a currency for tuition in a fictional university.

Musk’s tweet yesterday, comes two days after he tweeted about his plans on setting up a fictional university. His tweet on October 29 read as follows, “starting new university: Texas Institute of Technology & Science”.

Following this his tweet on the same thread read, “Tuition is in Dogecoin & u get a discount if u have a dog”.

Am thinking of starting new university: Texas Institute of Technology & Science

— Elon Musk (@elonmusk) October 29, 2021

Tuition is in Dogecoin & u get a discount if u have a dog

— Elon Musk (@elonmusk) October 31, 2021

In minutes after the tweet, Dogecoin’s prices soared from $0.25 to $0.28. Shiba Inu, Dogecoin’s spinoff also recorded a marginal increase a few hours. The coin’s market cap is presently over $74.13 billion.

‘SQUID’ continues to surge over 300% in a day

The ‘SQUID’- a new brand of cryptocurrency based out of the South Korean web series ‘Squid Game’ has gained by over 300%, and was trading at $13.60 on October 30th, according to CoinMarketCap.

Earlier SQUID had gained over 2,400% in a day to trade at $2.22 on October 29, CNBC had reported. The market cap of the new token stood above $174 million.

The Korean language Netflix death-game drama made headlines after it became the streaming platform’s most widely watched show ever.