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Shiba Inu is the new cryptocurrency with an upward trend.
With over $ 15 billion in market capitalization, Shiba Inu has ranked 12th in the cryptocurrency ranking based on capitalization.
The cryptocurrency, created by developer Ryoshi in late 2020, has now surpassed Litecoin, Chainlink, and Bitcoin Cash, according to data provided by CoinGecko.
Shib is only 18% away from recovering its All-Time High as of May 10th. In just one week, it has skyrocketed to over 300%.
Shiba Inu's daily trading volume has reached $ 15.4 billion, and currently trades most of Binance, Coinbase, and Huobi.
Tesla CEO Elon Musk has not yet commented on SHIB, although many have suggested that a recent Twitter photo with the Shiba Inu dog may have sparked the rally.
Ethereum creator Vitalik Buterin received 50% of Shib's total traffic as a gift.
He burned most (410 trillion SHIBs) and donated the rest to a fund in India in May to support the country during the coronation period.
Finally, is there room for all these cryptocurrencies?
This article is for informational purposes only and does not replace specialized consulting services with professional experts.
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