Shiba Inu ranks first in Robinhood’s leaderboard for the top 10 cryptos with the most gains this week.
Shiba Inu (SHIB) has continued to stir in the crypto market following its recent jaw-dropping performance. The canine-themed token’s price spiked to $0.00004500 on March 5 after embarking on a parabolic run.
Despite losing a large percentage of its gain, Shiba Inu is sitting comfortably as the 10th biggest cryptocurrency, with a market cap of $20.91 billion.
Shiba Inu Outperforms DOGE, ETH, and BTC
Interestingly, Shiba Inu secured the first position among the top 10 crypto assets with the most weekly gains on Robinhood. The development was shared on the X platform today by Shiba Inu’s marketing lead, Lucie.
$SHIB pic.twitter.com/ZZ5VkTUw3m
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) March 8, 2024
Robinhood highlighted Shiba Inu as the best-performing crypto this week on its platform, outpacing other top assets, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Dogecoin (DOGE).
According to the data, Shiba Inu secured the top position on the leaderboard, with a 154.1% weekly gain. The canine-themed token outperformed BCH, the second asset in the list, by a large margin. BCH was up 43% in the weekly chart, placing it behind SHIB.
In addition, DOGE ranked third in the leaderboard, having surged 35.9% this week. Ethereum Classic (ETC), Uniswap (UNI), Aave (AAVE), and ETH ranked behind DOGE, rising 32.1%, 26.8%, 22.4%, and 16.4% in the weekly charts, respectively.
Furthermore, Tezos (XTZ), Stellar (XLM), and BTC were ranked eighth, ninth, and tenth in the leaderboard. According to the data, XTZ surged by 14.7%, XLM saw a weekly growth of 14.4%, and BTC rose by 11.8% this week.
Community’s Efforts Finally Paid Off
Many may be surprised to see Shiba Inu rank as the best-performing crypto in Robinhood’s leaderboard. It is worth noting that SHIB stayed below $0.00001 for several weeks before it finally embarked on a parabolic run that took it to around $0.00004600.
Prior to its latest rally, the Shiba Inu community worked around the clock to ensure that SHIB participated in the bull market. Some of these efforts included reducing SHIB’s supply via intensive burns and urging new investors to acquire the token.
These efforts finally paid off as SHIB skyrocketed heavily this week. In the hours leading up to press time, SHIB changed hands at $0.00003548, up 6.4% in the past 24 hours and 71.02% in the past seven days.
Disclaimer: 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’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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