Based on information from CoinGecko, the popular meme cryptocurrency Shiba Inu (SHIB) has gained over 17% in value.
A meme cryptocurrency currently costs around $0.0000268 on popular trading platforms, down from its previous high of $0.00002795.
Currently valued at $15.8 billion, it is the 12th biggest cryptocurrency by market cap.
Dogecoin (DOGE) is the biggest meme coin by market cap, currently valued at $23.2 billion.
While SHIB hasn’t been the best-performing cryptocurrency in the last 24 hours with only minimal gains, on the other hand, Bonk (BONK) has experienced significant growth, rising by over 42% during the same timeframe.
Pepe (PEPE) and Floki (FLOKI) are also up roughly 20%, following the broader bullish trend.
Breathing down Cardano‘s neck
Shibulinuma (SHIB) is closing in on overtaking Cardano (ADA) in terms of market value. At present, Cardano holds a market cap of approximately $17.7 billion, ranking it 11th largest among cryptocurrencies by this metric.
Although it has bounced back lately, the cost for the second most popular meme cryptocurrency remains over 68% lower than its previous peak.
Post-halving rally?
Although some believed the halving would cause selling, the cryptocurrency market now shows gains instead.
Bitcoin (BTC), the largest cryptocurrency, is up more than 2% over the past 24 hours.
An altcoin surge is currently more pronounced. Among them, Ethereum, Binance Coin, Solana, and Avalanche have risen by more than 4% within the last 24 hours.
Bitcoin dominance is now on the cusp of plunging below the 50% level.
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2024-04-21 14:08