Dog war! Shiba Inu manages to surpass Dogecoin in capitalization market. What’s more, Shiba Inu beats Bitcoin in volume of transactions in the last 24 hours.
This looks like a dog fight. Amid a widespread rise in cryptocurrencies, Dogecoin and Shiba Inu a great shot was launched, but also, Shiba Inu managed to surpass the main crypto meme of the dog in the market capitalization, Doge. Now Shiba Inu is in eighth place among the coins with the most marketcap, while Doge is in eleventh place. But let’s count this with more data, taken from our graphs of CryptoMarkets.
Shiba Inu to heaven
When it’s 9:00 a.m. in New York, Shiba Inu (SHIB) it reaches a price of USD $ 0.000079, 39.41% more than yesterday at the same time and 1061% more than what it was worth a month ago. What is interesting, in addition, is the volume of transactions, about USD $ 46.7 billion in one day, 474% more than the average that it had daily in the last month.
It reached an even higher price at midnight, when it reached its maximum price of $ 0.000087.
Here you can see the graph of how the price has moved in the last 24 hours.
But there are other data: with a current market cap of USD $ 43.6 billion, Shiba Inu ranks 8 among the crypto assets with the most capitalization, beating – as we said – its rival and almost canine twin, Doge.
But there is more still: Today transactions with Shiba Inu exceed those of Bitcoin and Ethereum. In the last 24 hours, USD $ 46 billion were traded in Shiba, while USD $ 40 billion was traded in BTC and in Ether USD $ 23 billion. It’s a beastly number, second only to Tether, with transactions for USD $ 125 billion.
Also, with data from CoinMarketCap, Finbold points out that now, Shiba has over 800,000 headlines as of Oct 28, 2021, adding 32,405 new headlines in a single day, bringing the number of addresses from 784,385 to 816,790. What is fame!
Although there is a kind of internal competition between Doge and Shiba, You can’t say that the original meme coin has done badly in the last few hours. Conversely: Doge achieved a rise of 24.16% in the last 24 hours and its price has already reached USD $ 0.3. Also the volume of operations of the last day is higher than the monthly average in 460%. Those who bought the coin a month ago have profits of over 52%, so they have not done badly at all. However, it still needs to reach its highest price of USD $ 0.74, reached on May 8.
Bitcoin and the other altcoins
For its part, Bitcoin (BTC) It is also on the rise today, although not by as high a percentage as canine coins. BTC is priced at USD $ 61,115, 3.76% more than yesterday at the same time.
But in reality the crypto market in general is on the rise. Ether (ETH) increased 3.59%, Binance Coin (BNB) 5.81%, Cardano (ADA) 0.36%, Solana (SOL) 3.27% and XRP 3.83%, just to name the main ones.
Congratulations to the investors!
Source: Crypto markets, Finbold
MRT Report / DailyBitcoin
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