Stock Groups

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days By Cointelegraph

[ad_1]


SHIB token climbed to 20th place in terms of market capitalization because of the dramatic rise in its price.

The circulating market value of Shiba Inu jumped to $11.08billion earlier in the week, and it is now above $10billion. This puts Shiba Inu among the top-20 market capitals for the first-time. The result is that the Dogecoin-inspired cryptocurrency memeStellar and other popular blockchain projects were more valued than Stellar.XLMPolygon, Polygon (MATIC), Tron and Tron respectively.

SHIB price versus market cap Source: Messari
Chart of the daily SHIB/USDT price. Source: TradingView.com
Chart for SHIB/USDT with four hour price. Triangle descending. Source: TradingView.com