Shiba Inu Surpasses Litecoin, Chainlink and Bitcoin Cash by Market Capitalization

Shiba Inu’s market capitalization has eclipsed $12 billion

Shiba Inu (SHIB), a cryptocurrency inspired by the Japanese hound breed, has now entered the top 15 largest cryptocurrencies by market cap.

The cryptocurrency, which was created by фт anonymous developer named Ryoshi in late 2020, has now trumped Litecoin, Chainlink and Bitcoin Cash, according to data provided by CoinMarketCap.

SHIB is only 18% away from reclaiming its May 10 record.

The Dogecoin knock-off has soared more than 300 percent in just a week, becoming the best-performing cryptocurrency amid exceptionally strong retail interest.

Shiba Inu’s daily volume reached $ 19.4 billion, and it is currently the most traded cryptocurrency on Binance, Coinbase, and Huobi.

Dogecoin, the original canine meme coin, is actually down 5% over the last 24 hours.

The uptrend has intensified the bitter rivalry between Dogecoin and Shiba Inu fans.

Self-proclaimed Dogecoin millionaire Glauber Contessoto recently recalled that Ethereum co-founder Vitalik Buterin had donated part of the SHIB tokens that were gifted to him and then burned the rest. In the meantime, he joined the advisory board of the newly re-established Dogecoin Foundation.

Dogecoin co-founder Billy Markus even claimed that he had received a death threat from the Shiba Inu community back in May.

Tesla CEO Elon Musk has yet to recognize SHIB, although many suggest that a recent photo of his pup Shiba Inu may have sparked the triple-digit rally.

admin

Read Previous

Stellar Lumens (XLM) Spikes 12% After News of a Partnership Between Moneygram and the Stellar Foundation

Read Next

Financial Watchdogs Welcome SEC Investigation into Insider Trading at the Fed

Leave a Reply

Your email address will not be published. Required fields are marked *

Right Menu Icon