Despite a broader market onslaught that wreaked havoc on major cryptos this week, Shiba Inu still ended the week with double-digit gains.
Shiba Inu’s performance over the past week placed it on the leaderboard of CoinDesk and Robinhood in terms of crypto assets with the most bi-weekly and weekly gains, respectively.
Shiba Inu Secures First Position in Robinhood’s Top Gainers List
According to an X post yesterday, Shiba Inu ranked in first position among the top 10 crypto assets with the most weekly gain on the trading platform. The accompanying screenshot shows that Shiba Inu ended the week with an 11% gain.
This double-digit gain helped Shiba Inu to outperform other crypto assets in the list, including Litecoin (LTC), Chainlink (LINK), Aave (AAVE), Ethereum Classic (ETC), Tezos (XTZ), Uniswap (UNI), Ethereum (ETH), Stellar (XLM), and Compound (COMP).
GM 🫡 #ThisWeekInCrypto
See the full list of crypto available here: https://t.co/B41xoSGKG8 pic.twitter.com/RrQT8qTzJm
— Robinhood (@RobinhoodApp) April 26, 2024
SHIB Ranks Second in CD20 Leaderboard
In a similar development, Shiba Inu also ranked among the top cryptos with the most bi-weekly gains on the CoinDesk 20 Index (CD20).
The CD20 index is a tool that monitors the performance of 180 crypto assets across seven sectors over a two-week timeframe. The indicator issues a bi-weekly report highlighting the leaders and losers among the tracked crypto assets.
In the latest edition of the report, Shiba Inu ranked second, boasting a bi-weekly gain of 13.6%. Near protocol (NEAR) was the only crypto asset that outperformed Shiba Inu in the CD20 leaderboard. NEAR achieved the feat after securing a 23.8% gain over the past two weeks.
However, Shiba Inu outpaced other tokens in the leaderboard, including Polygon (MATIC), Uniswap, Chainlink, XRP, Litecoin, Ethereum, Polkadot (DOT), and Avalanche (AVAX).
It bears mentioning that Shiba Inu ranked as a top performer in the past week, while most crypto assets like Bitcoin witnessed declines in the same timeframe.
At press time, Shiba Inu was changing hands at $0.00002464, marking a 24-hour decline of 3.32%. The slight dip in Shiba Inu’s price comes amid an ongoing bloodbath in the crypto market.