BCGAME - Free 5BTC Daily Bonus!- Shiba Inu defeats TRON, enters the Top 10.
- SHIB daily volume significantly outperforms TRX.
- Potential SHIB resistance at $0,00003.
Shiba Inu Cryptocurrency, the well-known meme coin, currently in the cryptocurrency market has surpassed Tron (TRX) and has positioned itself as the tenth largest cryptocurrency by market capitalization.
This remarkable feat comes after a dramatic increase in the price of SHIB, which has seen a gain of over 60% in the past week and an impressive 200% increase year-to-date. SHIB currently boasts a market cap of $16,55 billion, surpassing TRX by a substantial margin.
On Monday, Shiba Inu’s value reached $0,000028, reaching its highest level in the past three months. This week-long rally added 8% to its value, highlighting the coin’s strength in the current market. In comparison, Shiba Inu’s daily trading volume was $7,2 billion in the spot market, surpassing Tron’s trading volume by almost nine times.
If Shiba cryptocurrency continues at this pace, it could surpass Cardano cryptocurrency, which currently has a market cap of $20.975.598.554, while SHIB is at $15.990.780.010.
This bull market period, driven by the performance of Bitcoin, which recently marked a new all-time high of $89.500, has been advantageous for Shiba Inu. The coin continues to show a significant correlation with Dogecoin, the largest meme cryptocurrency, which also saw a 30% increase on Monday alone.
The outlook is further encouraged for Shiba Inu holders with the recent surge in whale activity, where daily large transactions have increased by 5%. Additionally, Shiba Inu’s Shibarium Layer-2 network has set a new record for total value locked (TVL), now valued at $4,47 million.
