godfrey benjamin
Shiba Inu overturns Avalanche and emerges as the 10th largest cryptocurrency
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Shiba Inu (SHIB) managed to maintain its continued bullish momentum, increasing by 45.07% over the past 24 hours, with its price hovering comfortably at $0.00003887. Shiba Inu's growth has increased 295% in the past 7 days, expanding its market cap to $22,891,692,109.
The Shiba Inu's growth prospects have led to more history than ever recorded before. As of this writing, Shiba Inu is currently the 10th largest digital currency, displacing Avalanche (AVAX) from its position. This is a major milestone considering Shiba Inu was almost kicked out of the top 20 a few weeks ago when the price failed to break above the $0.00001 resistance point.
The Shiba Inu's destiny truly changed in the blink of an eye. 24-hour trading volume increased by 236% to $13,531,449,496. Notably, this indicator has outperformed Cardano (ADA), XRP, Solana (SOL), and even his Dogecoin (DOGE) indicators at the time of writing.
According to the current outlook, Shiba Inu is about to re-attempt the $0.00004 price mark, which, if achieved, would mark its best performance since October 2021.
Will a Shiba Inu toss a Dogecoin?
Significant changes are occurring in the digital currency ecosystem, fueled by capital inflows into Bitcoin (BTC) through Spot BTC ETFs. Shiba Inu is sitting at the forefront of this change and is poised to replace Dogecoin as the most valuable meme coin of all time.
While it will still take a huge amount of dollar valuation to break DOGE’s record, sustaining its growth trend and some cooling for Dogecoin could help hasten this change in the medium term.
The alternative season is arriving sooner than expected, and with the increasing number of use cases and deflationary traits surrounding the Shiba Inu, this overtaking may be inevitable in the long term.
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godfrey benjamin
