Shiba Inu (SHIB) recently reached a volume of $13.4 billion, surpassing leading competitors such as Dogecoin, Solana, XRP and BNB. Therefore, it eventually became among the top-ranked assets.
Shiba Inu, which has experienced a 270% increase in the last seven days, managed to enter the top ten among the most valuable cryptocurrencies. Notably, the asset rose from a low of $0.00002349 to a peak of $0.00004533 in just 24 hours. This growth resulted in a 92% increase in a 24-hour period.
Over the last 30 days, SHIB’s value has almost quadrupled from $0.000008829. This impressive price increase has caused the Shiba Inu to break many records in cryptocurrency trading.
For example, SHIB recently broke into the top ten, surpassing other cryptocurrencies such as Avalanche (AVAX), Polkadot (DOT), Chainlink (LINK), and TRON (TRX). Notably, SHIB currently has a market cap of over $23.15 billion, while its closest rival AVAX is ranked much lower with a valuation of $16.24 billion.
Shiba Inu Surpasses DOGE, SOL, XRP, BNB in Volume
Additionally, Shiba Inu recorded a staggering trading volume of $13,402,846,589 in the last 24 hours. This figure is more than 300% of the value SHIB saw last day. Interestingly, this trading volume of $13.4 billion places Shiba Inu just behind Bitcoin and Ethereum outside of stablecoins.
Notably, SHIB became the fifth most traded digital asset in the last 24 hours. Effectively, the Shiba Inu, Bitcoin and has surpassed Ethereum as well as all other risk assets in terms of trading volume.
In this context, it has a transaction volume of only 8 billion dollars. dogecoin (DOGE), $5 billion Solana (SOL), $4.47 billion XRP, and $2.5 billion BNB.
Shytoshi Kusama, lead developer of the Shiba Inu ecosystem, went to X to comment on Shiba Inu’s success. Kusama proudly said: told:
“Today, SHIB has over a billion dollars more volume than BNB, Solana, and XRP combined.”
TODAY #SHIB has more volume today than Bnb, Solana, and XRP COMBINED… by over a BILLION DOLLARS. pic.twitter.com/YJVxs6z90m
— Shytoshi Kusama™ (@ShytoshiKusama) March 5, 2024
In her latest update, Kusama expressed her heartfelt gratitude to the SHIB Army. He emphasized that despite a difficult journey, they stood united against their opponents. He also praised each member of the SHIB Army and stated that this union was inevitable even though many thought it was impossible.
Source : The Crypto Basic