The Shiba Inu’s price dropped by 2.03% overnight to 0.000012 US Dollars. However, the 15th most popular meme coin has been ranked.ThAccording to market value, largest cryptocurrency
SHIB has an active market capital of $6,573,280.152 USD, and a 24-hour trading volume of $428,085,679 US. SHIB has an estimated total supply of 549.063,278,876,302 SHIB Coins.
SHIB’s performance has been impressive despite crypto markets being down for the past few months. In fact, they have increased their prices by 31%. SHIB has been a popular choice for crypto investors.
Shiba Iu still managed to revive many cryptocurrency wallets despite the crash in crypto and major cryptocurrencies such as Bitcoin, Ethereum and other cryptocurrencies bleeding.
Shiba Inu Outperforms TRX and BTC
Shiba Inu actually has outperformed Bitcoin. It is now gaining momentum despite the chaotic crypto crash. It has made strides to maintain the current uptrend. SHIB has continued to maintain a positive momentum through collaborations, projects and other activities that have been ongoing.
SHIB investors enjoyed a 34% increase with a breakout price pinned at US$0000116, as shown in the Shiba Inu prices in June. It is clear that the token is winging it, signaling that market sentiment is moving closer to a bullish trend.
SHIB investors look forward to the possibility that the memcoin will surpass the US$0.0000139 level very soon.
Ethereum whales are focusing their attention on top meme coins to increase their gains of as high as 11% or 24% this month, following the Shiba Inu issue hitting $1.
SHIB is trending up and bullish overall. Many ETH whales have started hoarding SHIB tokens and added $560million to their portfolios. That represents approximately 22% of all their digital assets.
SHIB market capital at $6.57 Billion according to the daily chart. Source: TradingView.com| Source: TradingView.com
SHIB Launches SHIB.io Metaverse
SHIB investors also love Shiba Inu development projects with The Third Floor, such as Shibarium. This is a SHIB.io metaverse with the SHIBASWAPV2 and SHI token which aims to create virtual environments.
Shiba Inu recently created this portal to burn money. Due to increased pressure placed on SHIB’s supply and demand, its price has risen dramatically.
SHIB now has a greater total market capital than Tron (TRX). Tron is valued at $6.33 billion, and SHIB $6.66 billion.
SHIB supplies total at 589.625,603,102.909 at the moment. The initial supply of 589.625,603,102.909 is now exhausted at 410.37 trillion.
Featured image by BeChewy. Chart from TradingView.com