Most of the cryptocurrencies in the market are in the green for the day so far, and the same can be said for the meme coin Shiba Inu (SHIB). According to CoinMakretCap, SHIB is currently up by 13.11% to now trade at $0.00001071. The crypto was able to reach a high of $0.00001039 over the same time period. SHIB is also still in the green by more than 25% over the last week.
Looking at the longer time frames, we see that SHIB is also still up by more than 19% over the last thirty days. This positive performance from the meme coin has earned it a spot on CoinMalretCap’s trending list.
SHIB / tether US 1D (Source: TradingView)
SHIB strengthened against the two biggest cryptos, Bitcoin (BTC) and Ethereum (ETH), by 1.9% and 2.71% respectively over the last day as well. Also in the green zone is SHIB’s 24 hour trading volume which now stands at $538,760,441 after a more than 60% increase.
With its market cap of $5,880,947,458, SHIB is currently the 15th biggest crypto in terms of market capitalization. This places the meme coin right behind TRON (TRX) in the 14th position and in front of Dai (DAI) which is ranked 16th on the list of biggest cryptos.
The tech entrepreneur and blockchain advocate Shannon Bray took to Twitter on January 14 to share his opinion about SHIB. Bray stated that although SHIB is currently sitting in the 15th position in terms of market cap, he believes that SHIB will soon start climbing the ranks.
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Source: Cryptocurrency - investing.com
