Cryptocurrency data platform CoinMarketCap has shared a new data. Accordingly, the Shiba Inu (SHIB) experienced a price increase of about 20 percent in seven days. This bullish chart puts the meme coin among the top three most profitable crypto assets. CHZ is in the second place of the list, and Ankr (ANKR) is in the third. Here are the details…
The continuation of the list with SHIB in the first row is as follows;
According to CoinMarketCap data, Shiba Inu was the top-earning altcoin in the past week. Chiliz (CHZ) and Ankr (ANKR) are in the second and third places of the ranking. Ankr is emerging as a solution that uses shared resources to provide easy and affordable blockchain node hosting solutions. ANKR coin is an Ethereum token that powers Ankr. In fourth place in the ranking is the famous crypto lending project Celsius. However, the price of Celsius has managed to stay in the green zone. And even so, after a tumultuous seven days, it grew by about 18 percent.
The popular meme coin Dogecoin (DOGE), on the other hand, managed to enter the list at the fifth place in its rally. The already legendary DOGE coin had a growth of about 13.13 during the period under review. That’s about 7 percent lower than its main competitor in the industry, SHIB. The reasons for the meme coin rise are not entirely clear. However, the renewed interest in DOGE among investors is thought to have been triggered by the release of the Layer 2 solution of the same name. As we have reported as Kriptokoin.com, extreme caution should be exercised when using this service. Because the original project team warned the community that it has nothing to do with the chain with the DOGE prefix.
The contention between Dogecoin and Shiba Inu continues
The struggle between Shiba Inu and Dogecoin continues to be ranked in the top 10 cryptocurrencies by market capitalization. DOGE is in 10th place with a capitalization of 10.76 billion dollars so far. SHIB still needs to make at least $2.5 billion out. Meanwhile, SHIB recently surpassed Avalanche (AVAX) in this ranking and moved up to 12th place.
However, Shiba Inu burns continue. New data shared by the official Shiba Inu burning Twitter account shows that a total of 105,165,658 (105.16 million) SHIB tokens have been taken out of circulation in the last 24 hours through the official burning portal. According to SHIB Burn, tokens are destroyed in eight transactions by different anonymous users.
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