As a crypto investor with some experience under my belt, I’ve seen my fair share of market fluctuations and surprises. The latest development with Shiba Inu (SHIB) flipping Cardano (ADA) in market capitalization has certainly piqued my interest.
The meme cryptocurrency Shiba Inu (SHIB) experienced a significant price increase of approximately 16%, resulting in it surpassing Cardano (ADA) in market capitalization. This noteworthy development was announced by Shiba Inu’s marketing head, Lucie, who shared the exciting news on social media and expressed her enthusiasm for the recent SHIB price growth.
Lucie On Shiba Inu Flipping ADA
In a recent update on X, the marketing head for Shiba Inu announced that $SHIB surpassed $ADA once more in the cryptocurrency market. This “flip” represents a significant change in the crypto landscape, specifically regarding the positions of leading digital assets. Additionally, the meme coin SHIB climbed to rank 10 in terms of market capitalization.
Currentmarket capitalization of Shiba Inu is roughly $16.82 billion, surpassing Cardano’s $16.5 billion valuation. The growth in SHIB‘s market worth is driven by several factors: heightened investor attention, strategic collaborations, and recent technological advancements.
Additionally, the most recent milestone for Shiba Inu is supported by an impeccable technical analysis assessment of 100. As highlighted by Lucie, this evaluation was shared in a video by Shiba Inu market leaders. This points to a highly optimistic price trend for SHIB moving forward. With a robust market sentiment and influential technical indicators, SHIB appears set for continued expansion based on this analysis.
At the March 2024 rally, Shiba Inu meme coin surpassed Cardano’s position. But due to a major downtrend around this time, ADA regained its position as Shiba Inu suffered substantial price decreases. However, the recent price increase for SHIB has made up for this setback.
SHIB Price Today
The price of Shiba Inu experienced a significant surge of approximately 16% today, reaching beyond the $0.000028 threshold for the first time, breaking past its previous resistance level at $0.000025. This bullish trend indicates that SHIB may be poised to reach its next objective at $0.00003, marking a substantial achievement. At this moment on May 29, Wednesday, Shiba Inu’s price had risen by 15.93% to touch $0.00002867.
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2024-05-29 08:41