general

The cryptocurrency Shiba advances in the rankings by market capitalization after record weekly gains

The cryptocurrency Shiba advances in the rankings by market capitalization after record weekly gains

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer The cryptocurrency Shiba advances in the rankings by market capitalization after record weekly gains

The market value of the digital currency “Shiba”, which is called the killer “Dogecoin”, increased to almost half the market value of the digital currency Doge, after the massive weekly rise of the three-digit currency.

Thus, SHIB is now among the top 20 cryptocurrencies.

Most of the cryptocurrency market has been in swings lately.

Bitcoin crossed $55,000 for the first time since May, and Ethereum reclaimed $3,500.

While the currency that has outperformed most of the large digital currencies is Shiba Inu.

On the 5th of October, the SHIB cryptocurrency price exploded by 100% within a few days after a huge whale purchased more than six trillion coins.

Read:Robinhood is reducing the number of its employees by 23%, explaining that the reason is related to the crypto market!

It turns out that this was just the beginning as SHIB continued to climb and after a day it started knocking on the door of the list of the top 20 cryptocurrencies by market capitalization.

At this point, the SHIB cryptocurrency was up almost 200% in a week, but that wasn’t the end of the gains.

In the last 24 hours, the currency started another huge upward movement, peaking at $0.000035, this level is the highest price since mid-May, with a weekly increase of 330%.

SHIB has only a few steps left to achieve a new all-time record fee, currently at $0.00038, according to CoinGecko.

Despite a slight correction since the intraday top, SHIB’s market capitalization increased to over $15 billion and then declined and is currently settling at $11.7 billion, making it the second largest cryptocurrency in the memes category.

Additionally, SHIB’s market capitalization is roughly halfway away from the more popular meme coin Dogecoin.

The digital currency DOGE ranks eighth in terms of market capitalization at $32 billion.

Read:Investors lost $60 million in a massive cryptocurrency scam

With this latest increase, Shiba Inu has moved closer to the market capitalization of giants such as United Airlines and America Airlines Group.

Read also:

Bitcoin price rises to 55 thousand dollars, the highest level since May 2021

Grayscale now has $45 billion worth of cryptocurrency under its management


And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
After the partnership with “MoneyGram” … the digital currency Stellar XLM rises by 15%
Next post
Bitcoin price rises to 55 thousand dollars, the highest level since May 2021