According to this report, SHIB greatly outpaced not only DOGE and ADA, but such giants as Bitcoin and Ethereum in terms of weekly gains.
The reported is called “1 Week Returns for Top 10 Crypto Assets.” According to it, in terms of weekly profits, SHIB has surpassed Cardano, Dogecoin, Solana, Ethereum, Binance Coin, Bitcoin as well as Toncoin, Tron and XRP.
SHIB’s gains totaled 32.1% compared to those of the other large-cap coins on the list. ADA and DOGE come closest to SHIB with 14.5% and 12.4% weekly gains. ETH showed profits of 6.7%, while BTC demonstrated 3.4% gains.
The SHIB community responded with comments full of excitement and pride over their favorite meme cryptocurrency.
Since Thursday, the second largest canine-themed cryptocurrency Shiba Inu has skyrocketed by a whopping 42.51%, burning one zero from its price and surging from $0.00001501 to the $0.00002139 level earlier today.
However, after that it was pushed down by almost 9%, and currently SHIB is trading at $0.00001951.
In a tweet, Shiba Inu’s Lucie commented on this TVL historic peak, saying that SHIB is much more than “just your trend of the week.” She stated that this price surge took place because “behind Shib is a massive ecosystem in development, with consistent support from dedicated developers.”
This price surge also coincided with a massive burn rate increase that happened on Thursday, when this metric soared by 33,818% with 1,884,288,401 SHIB scorched in total.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
