Investors’ Favorite: This Meme Coin Has Been Voted “Coin Of The Day”!

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SHIB is known as a famous meme coin crypto project and has recently become a huge focus in the crypto world. Popular crypto analytics firm LunarCrush named the Shiba Inu (SHIB) “Coin of the Day” on Sunday, May 14. choosed. According to the tweet shared by LunarCrush, SHIB earned this title for its “leading social + market performance.” The famous meme coin crypto project scored 45/100 on the Galaxy Score with an AltRank of 434/4389.

AltRank is an indicator used to measure the overall performance of crypto assets, and SHIB’s high AltRank score indicates it is gaining popularity and a large user base. Also, Galaxy Score provides an overall assessment by combining a crypto asset’s social media interactions, price movements, and other factors.

LunarCrush’s selection of the Shiba Inu as its “Coin of the Day” is an indication that SHIB has aroused great appeal and interest in the market.

Meme coin projects are often entertainment and community focused, and the Shiba Inu is also on the rise as part of this trend. There is no denying the popularity of the Shiba Inu (SHIB). Not only SHIB, but also other cryptocurrencies of the ecosystem stand out. Koinfinans.com As we reported, a crypto exchange called Tarmex recently conducted a survey on its Twitter page. The firm asked its followers and users which token they would like to be listed on the platform. The majority of the votes chose BONE, which belongs to the Shiba Inu ecosystem. According to the survey, BONE will be listed on Tarmex soon, along with BabyDoge.

Shiba Inu (SHIB) burn rate decreased by approximately 70%

According to Shibburn, which tracks SHIB burns, a total of 1.74 billion SHIBs were removed from circulation last week. However, the amount of burns has fallen by 69.48% this week. Last week, a total of 3.48 meme coins were removed from circulation.

Many community members anticipate that the Shibarium project will greatly increase SHIB’s burn rate, which could lead to much higher price movements for the asset. At press time, SHIB is trading at $0.00000894, up 0.9% over the past 24 hours.

You can follow the current price action here.


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