Shiba Inu Down By 2.03% – Yet Bound To Outpace TRX And BTC?
July 23 2022 - 8:45AM
NEWSBTC
Shiba Inu price has dipped by 2.03% overnight and is now at a
current price of 0.000012 USD. Nevertheless, the most popular meme
coin is now ranked as the 15th largest crypto according to market
cap. SHIB currently has a live market cap of $6,573,280,152 USD and
with $428,085,679 USD of 24-hour trading volume. The coin currently
has a total circulating supply of 549,063,278,876,302 SHIB coins.
Despite the entire crypto space in the red for the past couple of
months, SHIB has been performing well and have in fact raised their
price by 31%. With that being said, many crypto investors have
started to take SHIB way seriously. In the face of the crypto crash
and with major cryptocurrencies like Bitcoin, Ethereum, and others
bleeding, Shiba Inu was still able to resuscitate many crypto
wallets. Shiba Inu Can Outperform TRX and BTC? Shiba Inu has in
fact outperformed Bitcoin and is gaining traction despite the
turbulent crypto crash happening. The meme coin has been taking
strides in maintaining the uptrend pattern. It has been
consistently going for that positive momentum with much
collaboration and projects happening that will ultimately take SHIB
to the next level. SHIB investors loved the experience of having a
34% boost with a breakout point pinned at US$0000116 as seen in the
Shiba Inu price in June this year. The token is definitely winging
it with a bullish streak signaling that the market is steering
closer to a bullish run. Many SHIB investors are looking forward
and optimistic for the meme coin to go over the US$0.0000139 zone
very soon. With the issue concerning Shiba Inu hitting $1, Ethereum
whales have definitely set their eyes on the top meme coin to gain
as much as 11% and 24% respectively this current month. The overall
market trend is looking bullish for SHIB and the trajectory is
uphill. With that in mind, many ETH whales have been hoarding and
adding a total of $560 million SHIB tokens into their portfolios;
that consist of around 22% of their entire digital assets. SHIB
total market cap at $6.57 billion on the daily chart | Source:
TradingView.com SHIB To Launch SHIB.io Metaverse SHIB investors are
also excited with Shiba Inu developmental projects in collaboration
with The Third Floor such as Shibarium, which is a SHIB.io
metaverse together with the SHIBASWAP V2 and SHI token that aims to
design virtual environments or a metaverse. Shiba Inu
has recently launched this burning portal that is designed to
reward investors. With the increased amount of pressured placed on
the demand and supply of SHIB, the meme coin also skyrocketed in
price. SHIB is now outpacing Tron (TRX) in terms of total market
cap. Tron has a market cap of $6.33 billion while SHIB has a total
market cap of $6.66 billion. The total SHIB supply is currently at
589,625,603,102,909 and the total that has been burned out of the
initial supply is at 410.37 trillion. Featured image from BeChewy,
chart from TradingView.com
SHIBA INU (COIN:SHIBUSD)
Historical Stock Chart
From Jun 2024 to Jul 2024
SHIBA INU (COIN:SHIBUSD)
Historical Stock Chart
From Jul 2023 to Jul 2024