Despite the current instability in the cryptocurrency market, Shiba Inu (SHIB), a cryptocurrency, has surprisingly managed to steal the show.
Data from CoinGecko shows that SHIB has increased by 5.6% over the past day, while ADA has decreased by 0.1% and XRP has increased by 2.5%.
Ethereum (ETH) and Bitcoin (BTC) both saw marginal daily gains of 0.2% and 0.3%, respectively. Dogecoin (DOGE) and Binance Coin (BNB) also saw encouraging daily rises of 0.9% and 1.4%, respectively. All of these improvements, however, were below SHIB’s daily performance.
Further comparison indicates that Polygon (MATIC) stayed unchanged while Solana (SOL) and Tron (TRX) achieved daily increases of 0.3% and 0.2%, respectively.
Similar pictures are painted by the weekly performance. SHIB’s weekly rise of 9.4% contrasts sharply with ADA’s paltry 0.2% growth and XRP’s 4.2% decrease. Although BNB and DOGE had weekly gains of 4.6% and 1.8%, respectively, they were still unable to match SHIB’s remarkable development.
The rapid improvement follows one of SHIB’s worst weeks, during which time it lost more than 21% of its value and was among the worst-performing altcoins. According to U.Today, Shytoshi Kusama, the founder of the Shiba Inu project, used his Telegram channel to mobilise the neighbourhood by denouncing yet another “FUD attack.”
