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CoinGecko Data Shows SHIB Becomes Top 11 Coin, Just Behind DOGE At Number 10

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Trending Shiba Inu meme cryptocurrency has soared to the top 11 spot on CoinGecko with Dogecoin sitting on the top 10 positions.



According to the data provided by the CoinGecko market analytics website, the “DOGE killer” Shiba Inu (SHIB) has advanced as high as the top 11 spots on its cryptocurrency market cap scale.

Is Shiba Inu catching up with DOGE?

Dogecoin is sitting right in front of SHIB, holding position 10. The market cap of SHIB at the moment totals $15,586,261,716. Dogecoin’s market capitalization stands at $29,791,496,909.

 

shib at number 11

 

CoinMarketCap data shows a little different picture. As per CMC, SHIB is ranked 14 at the moment with a $12,297,213,384 market cap, while Dogecoin sits on spot 10 with its market capitalization value equaling $29,700,232,903.

At the time of writing this, SHIB is trading at $0.00003119, rising 14.49 percent in the past 24 hours.

 

SHIB rebounds after a major correction

This week, after falling in a massive correction, Shiba Inu started a reverse. Last week’s gains of the coin were also impressive as it gained over 300 percent and then lost around 40 percent. That has been the largest retrace in the token’s history so far.

The 300-percent rally was driven by an anonymous crypto whale who bought the first 6 trillion SHIB and then added to their position three other lumps, totaling 276 billion meme tokens.





SHIB has been drawing attention and investments of other whales as well, both recently, in August-September and back in May, when it reached an all-time high of $0.0000388.

At the moment, SHIB is trading at $0.00003135 – that is still 37.11 percent below its May historic peak.

Shiba Inu has been recently listed on Coinbase and the community now believes that the Robinhood app is preparing to start trading it as well. Listings on major platforms this year, such as eToro and Coinbase, have provoked a price growth of the coin.

Read More On SHIB:

 

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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