Shiba Inu (SHIB) has achieved a new success with its recent price action. SHIB, one of the most popular meme coins, became the 13th cryptocurrency by market cap. That is, it passed TRON (TRX). Now he seems to be in the top 10. Here are the details…
Shiba Inu breaks into top 13: Top 10 next?
According to the data, the Shiba Inu (SHIB) is trying to rank among the top 10 cryptocurrencies once again, as the price of the Shiba Inu has soared by over 43 percent in the past seven days. The most popular dog-themed token has managed to surpass Tron (TRX) on CoinMarketCap. In the past seven days, SHIB has soared over 43 percent, raising its market cap to over $6 billion. That puts it several million ahead of Tron (TRX). It’s also nearly half a million behind the 12th-ranked stablecoin Dai (DAI). On the other hand, Shiba Inu needs another $4 billion to take the 10th place from rival Dogecoin (DOGE).
SHIB, an Ethereum-based meme coin inspired by Dogecoin, has skyrocketed since one of the top Ethereum whales known as “BlueWhale0073” raised a total of 163.28 billion SHIB tokens worth $1.57 million on June 22. According to the latest tweet from WhaleStats, the second-largest dog-themed cryptocurrency has exchanged $638.73 million worth of Shiba Inu tokens in the past 24 hours; It became the most traded token among the top 500 ETH whales.
Shiba Inu is once again trying to rank among the top 10 cryptocurrencies. When SHIB last beat its rival Dogecoin and entered the top 10 cryptocurrencies; It had reached an all-time high (ATH) price of $0.000008845. So this event happened about 8 months ago. Over time, the Shiba Inu’s value has lost more than 87 percent from its all-time high.
SHIB’s latest price movements
Since the market-wide crypto crash earlier in the month, both DOGE and SHIB have been trying to regain their footing. As we have reported as Kriptokoin.com, it seems that SHIB has started to achieve success in this regard. Currently, the price of the Shiba Inu is trading around $0.00001164, up 48 percent last week. The chart below shows the trend in the meme coin’s value over the past seven days. On the other hand, DOGE, the largest meme coin, has been fluctuating around $0.0732, up 26% last week.
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