Data from CoinGecko indicates that Shiba Inu (SHIB), the most popular meme cryptocurrency, has increased by more than 17%.
On significant spot marketplaces, the meme cryptocurrency is now trading at $0.0000268. It peaked at $0.00002795 before that.
With a market capitalization of $15.8 billion, it is now the 12th largest cryptocurrency.
Dogecoin (DOGE), with a market capitalization of $23.2 billion, is the largest meme coin.
SHIB hasn’t exactly been the best-performing cryptocurrency over the past 24 hours, but. Meanwhile, during the last day, the meme cryptocurrency Bonk (BONK) has increased by more than 42%.
Pepe (PEPE) and Floki (FLOKI) have experienced a 20% increase, according to the overall upward trajectory.
Breathing down Cardano’s neck
By market cap, SHIB is currently very close to overtaking Cardano (ADA). At now, the latter is worth $17.7 billion. By market capitalization, this places it in eleventh position.
The price of the second-largest meme cryptocurrency has rallied recently, although it is still down over 68% from its peak.
Post-halving rally?
Though many anticipated the halving to be a sell-the-news event, the market for cryptocurrencies is presently up.
Bitcoin (BTC), the largest cryptocurrency, is up more than 2% over the past 24 hours.
On the other hand, the cryptocurrency surge seems to be stronger. In the last 24 hours, the prices of Ethereum (ETH), BNB (BNB), Solana (SOL), and Avalanche (AVAX) have all increased by more than 4%.
The percentage of Bitcoin users is about to go below 50%.
