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About SHIT

Shitcoin (SOL) (SHIT) is a cryptocurrency launched in 2024. SHIT has a current supply of 1.00Bn with 0 in circulation. The last known price of SHIT is 0.008048452156 USD and is -0.000886739495 over the last 24 hours. It is currently trading on active market(s) with $3.17M traded over the last 24 hours. More information can be found at .
SHIT Price Statistics
SHIT’s Price Today
24h Price Change
-$0.0008867394959.92%
24h Volume
$3.17M23.85%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#2884
SHIT Market Cap
Market Cap
$0
Fully Diluted Market Cap
$8.05M
SHIT Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
SHIT Supply
Circulating Supply
0
Total Supply
1.00Bn
Max Supply
0
Updated Sep 14, 2024 2:10 am
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SHIT
Shitcoin (SOL)
$0.008048452156
$0.000886739495(-9.92%)
Mkt Cap $0
There's nothing here for now
Global Monetary Easing Campaign Underway, Bitcoin Struggles To Join Rally
Global Monetary Easing Campaign Underway, Bitcoin Struggles To Join Rally
According to CoinDesk, a global coordinated monetary easing campaign is currently underway, with most asset classes experiencing a rise. However, bitcoin remains under pressure and may require more than modest rate cuts before initiating a new bull run. Western central banks, including the Federal Reserve, European Central Bank, Bank of England, and Bank of Canada, have begun cutting interest rates. The Federal Reserve is expected to embark on its first easing cycle since 2019, with a potential rate cut of 25 or 50 basis points next week. Japan, on the other hand, has taken initial steps towards tightening, maintaining a benchmark policy rate of 0.25%, just above zero. Traditional markets have reacted as anticipated, with stocks, bonds, and gold prices rising sharply. Despite this, bitcoin has not followed suit. Although it saw a rally on Friday, its price remains below $60,000, approximately 20% below its all-time high of over $73,500 set six months ago. Bitcoin's performance has been mixed. Despite a significant pullback since March, it remains up by more than 40% year-to-date and 127% from year-ago levels. This underperformance may be a temporary breather after a substantial upside move. However, when viewed over a longer period, bitcoin's current price is lower than its peak nearly three years ago at $69,000. Considering the rapid inflation over these years, bitcoin's performance appears even less favorable, especially if it is to be considered an inflation hedge. In contrast, the S&P 500 has risen by about 33%, and gold has increased by more than 50% during the same period. Steno Research highlighted that bitcoin has not experienced many rate-cutting cycles, with the notable one starting in 2019. During that period, bitcoin declined by about 15% from the Fed's first rate cut in August to the end of November, by which time the Fed had reduced rates by 75 basis points. It wasn't until the significant Covid-era monetary push in March 2020 that bitcoin began its meteoric rise. It is possible that a short series of modest rate cuts may have little impact on bitcoin's price. Instead, larger, emergency-style central bank measures might be necessary to trigger a new bull run.
Sep 14, 2024 1:53 am

Frequently Asked Questions

  • What is the all-time high price of Shitcoin (SOL) (SHIT)?

    The all-time high of SHIT was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Shitcoin (SOL) (SHIT) is 0. The current price of SHIT is down 0% from its all-time high.

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  • How much Shitcoin (SOL) (SHIT) is there in circulation?

    As of , there is currently 0 SHIT in circulation. SHIT has a maximum supply of 0.

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  • What is the market cap of Shitcoin (SOL) (SHIT)?

    The current market cap of SHIT is 0. It is calculated by multiplying the current supply of SHIT by its real-time market price of 0.008048452156.

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  • What is the all-time low price of Shitcoin (SOL) (SHIT)?

    The all-time low of SHIT was 0 , from which the coin is now up 0%. The all-time low price of Shitcoin (SOL) (SHIT) is 0. The current price of SHIT is up 0% from its all-time low.

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  • Is Shitcoin (SOL) (SHIT) a good investment?

    Shitcoin (SOL) (SHIT) has a market capitalization of $0 and is ranked #2884 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Shitcoin (SOL) (SHIT) price trends and patterns to find the best time to purchase SHIT.

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