Shiba Inu enters into top 20

Shiba Inu enters into the top 20 due to the new price boom

Shiba Inu enters into the top 20 cryptocurrencies by market capitalization, according to the data shared by the crypto market data provider, CoinGecko. Data shared also informs us that Bitcoin Cash is not that up from Shiba Inu’s market value of $11 billion.

The Crypto market is ready to go bullish as the struggling Bitcoin has crossed the $50k resistance. This week is very important to decide the direction of the market. From this point it can go anywhere, some are excited that BTC is ready to cross the $100k price mark by the end of this year. Bullish or bearish, descendent of Dogecoin, Shiba Inu enters into the top 20 crypto tokens by market valuation once again.

Shiba Inu enters into the top 20:

CoinGecko, a coin tracking website, is showing that Shiba Inu is bullish compared to the rest of the crypto market. In the past three days, the token has gained a price boom of almost 200%. Currently, the coin has a market valuation of $11 billion and it is very close to cross the largest hard fork of Bitcoin, Bitcoin Cash.

Shiba Inu enters into the top 20
The lsit of Largest crypto by trading volume
Source: CoinGecko

U. Today has revealed a piece of surprising news that Shiba Inu has surpassed Bitcoin in terms of trading volume on the leading crypto exchange, Coinbase. Shiba Inu enters into the top 20 with style and leaving people in complete shock. The reason for the current price boom is unknown, but some people believe that FUDs master has something to do with it, as he posted the picture of his Shiba Inu dog.

Shiba Inu enters into top 20, so the rival currency, Dogecoin, is also seeing up and has grabbed the eighth position in the crypto market. Who would have thought that the coins made to mock the fiat currency financial system will be worth billions of dollars? It is surprising but true.

For more content click here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Check Also


Ex SEC Official says more Bitcoin ETFs will be approved

Former U.S. Securities and Exchange Commission (SEC) branch chief Lisa Bragança believes that the market …

Leave a Reply

Your email address will not be published. Required fields are marked *