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The total market cap of Shiba Inu has dropped to $11.35 billion. It was as much as thrice the current value during its golden days. However, the trading volumes of the token have remained healthy, thanks to its dirt-cheap price.

Firstly, blockchain technology and applications based on it, like NFTs and cryptocurrencies, allow athletes, clubs or sports teams to gain economic benefits. Secondly, it increases transparency as clubs and teams can also use this mode to transfer players’ salaries or transfer fees.

“People had invested knowing that this risk was there and we would not advocate taking money off the table at this point in time. But the next couple of months will see little ups and downs. Wherever there is comfort with a stock or a sector and one is getting more attractive prices, then this is as good a time as any to start dipping one’s toes in that space.”

“It is time to signal that the government wants to return to fiscal consolidation. I would recommend at least symbolically 0.5% to 1% reduction in the fiscal deficit from the current 6.8% level. But I also have in mind some reform agenda.”

The CSI Smallcap 500 Index and the start-up market ChiNext declined 2.6% and 3.6%, respectively.

Following the Federal Open Market Committee meeting, Powell said the U.S. central bank is likely to hike interest rates in March and reaffirmed plans to end its bond purchases that month.

On the macro level, a clear infrastructure plan is what is expected out of this budget, along with a systematic divestment plan of pre-identified government assets

Ahead of the IPO, the company mobilised Rs 940 crore from 15 anchor investors.

Out of 63 initial public offerings in 2021, stocks of half of them have dropped below the listing price

Apart from Zomato, its other tech peers were also trading with cuts. One 97 Communications, which owns Paytm, was down over 1 per cent. Nykaa also dipped over 1 per cent. PB Fintech, which runs Policybazaar, was down 4 per cent. Cartrade Tech, which reported a loss for the third quarter, was down another 6 per cent.