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HomeCrypto NewsMarketShiba Inu Hits $13.4B Volume, Surpassing XRP, Dogecoin, Solana

Shiba Inu Hits $13.4B Volume, Surpassing XRP, Dogecoin, Solana

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Shiba Inu (SHIB) recently clinched a $13.4 billion volume, beating top rivals such as Dogecoin, Solana, XRP and BNB, and ultimately making it to the top ranking of prominent assets.

Shiba Inu finally broke into the top ten ranking of the most valuable cryptocurrencies after rallying 270% in the last seven days. In particular, the asset hit a 24-hour peak of $0.00004533 from a mere $0.00002349. This growth amounts to an explosive 92% in under 24 hours.

On a 30-day scale, Shiba Inu has grown nearly four-fold from a low of $0.000008829. This shocking price trajectory has catalyzed Shiba Inu to shatter multiple records in the crypto trading landscape.

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For example, Shiba Inu recently beat Avalanche (AVAX), Polkadot (DOT), Chainlink (LINK), and TRON (TRX) to rank in the top ten. Specifically, SHIB now has a market cap exceeding $23.15 billion, while its closest rival, AVAX, ranks far below, with a valuation of $16.24 billion.

Shiba Inu Beats DOGE, SOL, XRP, BNB in Volume

Moreover, Shiba Inu has recorded a staggering 24-hour volume of $13,402,846,589, a figure over 300% more than the value SHIB witnessed in the past day. Interestingly, $13.4 billion trading volume puts Shiba Inu just behind Bitcoin and Ethereum, excluding stablecoin. 

Shiba Inu chart
Shiba Inu Among Largest Assets by Volume | CoinMarketCap

In particular, Shiba Inu is the fifth most traded digital asset in the last 24 hours. Effectively, Shiba Inu outranked all other risk assets in terms of trade volume besides Bitcoin and Ethereum.

This includes Dogecoin (DOGE), which had only an $8 billion trading volume, Solana (SOL), which had $5 billion, XRP with $4.47 billion, and BNB with $2.5 billion.

Shiba Inu Lead Reacts

Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, took to X to remark on Shiba Inu’s feat. Kusama proudly asserted:

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“Today, SHIB has more volume than BNB, Solana, and XRP combined by over a billion dollars.”

In a subsequent update, Kusama expressed sincere gratitude to the SHIB Army. He stated that despite the challenging journey, they stood united as an army alongside their sworn frenemies. Furthermore, he commended every member of the SHIB Army, noting that while many deemed it impossible, they knew it was inevitable.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

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