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Shiba Inu Flipped Tron to Become the 13th-Largest Cryptocurrency in the World With a Market Cap Surpassing $6B

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Shiba Inu (SHIB) Flipped Tron (TRX) to Become the 13th Biggest Cryptocurrency in the World in Terms of Market Capitalization; Eyes Top 10 Spot.



Rocketing Shiba Inu (SHIB) found itself eyeing to crack the top 10 cryptocurrencies once again as Shiba Inu’s price surged over 43% in the past seven days, CoinMarketCap reports.

The most popular canine-themed token has just managed to flip Tron (TRX) on CoinMarketCap.

In the last seven days, shib has risen over 43%, putting its market cap at more than $6 billion. That puts it a few million ahead of Tron (TRX) and nearly half a million behind stable coins Dai (DAI) in the 12th spot. Shiba Inu needs 4 billion dollars more in market cap to steal the 10th spot from its rival Dogecoin (DOGE).

SHIB, an Ethereum-based spinoff from Dogecoin, has risen rapidly ever since one of the top Ethereum whales labeled “BlueWhale0073″ scooped up a whopping total of 163,286,048,050 (163.28B) SHIB tokens, worth $1,575,710 ($1.57M) on June 22nd (Wednesday), in one noteworthy transaction.

According to the recent tweet from WhaleStats, the second biggest dog-themed cryptocurrency has become the most traded token among the 500 biggest ETH whales as they have exchanged hands with a whopping $638,735,216 ($638.73M) worth of Shiba Inu tokens in the past 24 hours.

Shiba Inu once again is eyeing to crack the top 10 cryptocurrencies. The last time shib beat its rival Dogecoin and cracked the top 10 cryptocurrencies was on October 28, 2021 (8 months ago), when it reached an all-time high (ATH) price of $0.00008845. Over time, the value of Shiba Inu depreciated by over 87% from its all-time high.

At press time, Shiba Inu is trading at the price of $0.00001153, down -2.83% over the last day, with a 24-hour trading volume of $632,010,392. ($632.01M).

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The content is for informational purposes only and 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.

ZABIH
Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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