SHIB Now Ranks Top 10 Most Used Smart Contracts on the ETH Network -Breaking
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© Reuters SHIB Now Ranks Top 10 Most Used Smart Contracts on the ETH Network- SHIB has been named one of the top smart contracts used by ETH whales.
- ETH ranks first with a 28.93% usage share. USDT and USDC are next with 22.21%, 19.37% and 19% respectively.
- SHIB has been the token that has appreciated more than 13M% in value since 2020.
WhaleStats (a web application that tracks activities of large crypto owners) has ranked (SHIB), in the Top 10 for the Most Used Smart Contracts Category, among 5000 tokens (ETH), as the best-known smart contract category.
ETH ranks number 1 on this list, having a 28.93% usage share. USDT and USDC follow at 22.21% and 19.37%, respectively.
WhaleStats tracks other data like the number of tokens that were purchased and sold most frequently. SHIB also appears in the top 10, according to WhaleStats. The average whale trades 3,740,000,000 SHIB tokens. This amounts to $39 719. The average sale price was $19,850 for 1,870,000,000 SHIB tokens.
Others tokens found on the ETH Network that are included in at least one category include LINK and Mooney as well as SAND, MATIC, MATIC and MANA.
Shiba Inu, an altcoin based on the dog breed Shiba Inu inspired investors around the globe to make speculative investments. This is one of few meme tokens to have gained prominence in the past two years.
CoinMarketCap reports that SHIB has been the only token to appreciate by 13M% in value since 2020. The current market capitalization for SHIB is close to $6 billion. It is currently in 15th place, behind Avax (MATIC), and 17th above Polygon (MATIC).
SHIB is trading at $0.00001071, with a 33% increase in its daily volume. CoinMarketCap predicts that SHIB will experience a bullish trend towards the end of June according to its crypto community. More than 30200 people have voted.
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