the meme cryptocurrency Shiba Inu (SHIB) has been attracting attention in the market amid its impressive rise and development in the ecosystem.
The second largest meme cryptocurrency is currently seeing quite significant adoption as the cryptocurrency is recording a notable increase in its social activity. This move suggests Shiba Inu's position as one of the leading cryptocurrencies on the market.
In a recent development on the X platform, the Shiba Inu team shared that social activity is quite busy. The SHIB cryptocurrency is experiencing notable and growing interest from community members and investors.
“SHIB Social activity is busy! Our community is stronger than ever. Let’s keep spreading the word and showing the world the unstoppable power of SHIBARMY,” she wrote.
#SHIB Social activity is buzzing! Our community is stronger than ever. Let's keep spreading the word and show the world the unstoppable power of the #SHIBAMY 😎 https://t.co/xMYOd9s1Qd
- Shib (@Shibtoken) April 4, 2024
At the time of publication, the Shiba Inu price was quoted at US$0,00002698, down 1.2% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$786.727.094. Amidst the growth experienced in recent weeks, the Shiba Inu token has seen a significant drop of 12.1% in the last seven days. In one month, the cryptocurrency fell 24.5%.
Analyst believes that Shiba Inu will become Dogecoin
Could Shiba Inu (SHIB) become the biggest meme cryptocurrency on the market? Cryptocurrency analyst Altcoin Sherpa believes so. In a recent publication, the expert commented that SHIB could become Dogecoin (DOGE).
Altcoin Sherpa noted that a fierce competition between DOGE and SHIB could be on the horizon, suggesting that during this cycle there will be “a few moments” when Shiba Inu will overtake Dogecoin. The expert's statement came when he shared the pros and cons for investing in the Shiba Inu meme cryptocurrency.
