Certain digital assets stand out in the chaotic world of crypto trading. Shiba Inu [SHIB] Has attracted significant attention both from investors and traders, and boasts an active community. The recent developments have further cemented its place in the cryptosphere. Leading platforms such as Coinbase, Binance and Robinhood witnessed an unprecedented inflow of Shiba Inu Tokens.
Shiba inus’ Performance
Shiba Inu, according to recent data from the market, is valued at $0.0003322. Trading volume has reached $1.61 Billion in the last 24 hour. With a $19.30 billion market cap, it commands a dominant market position of 0.71 percent. SHIB, which has seen its price increase by 230% over the past month, despite the dip in value of just 1.64% on Friday.
SHIB’s journey has been marked by peaks and valleys. SHIB reached its highest price ever of $0.00008819 in October 2021 and the lowest price recorded was $0.0000105637 in November 2020.
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Shiba Inu Popularity: What’s Behind It?
Shiba Inu’s success is not solely due to the meme-inspired brand, but also because it has an active trading ecosphere. SHIB continues to maintain a large trading volume even during times of relative stagnation in the price. Millions of dollars are traded across multiple exchanges. This strong trading activity demonstrates that the asset continues to attract interest.
Arkham’s data indicates that, in the past 24 hour period, several major trading sites, including Coinbase Binance Robinhood Cumberland and Wintermute received 6.84 trillion SHIB Tokens. This influx is approximately $227m at current market price, which indicates a high appetite among investors for Shiba Inu.
SHIB tokens have increased significantly in value within one day, highlighting the increasing popularity and confidence of investors. The significant increase in SHIB tokens within a single day highlights the asset’s growing prominence and investor confidence. Shiba Inu’s swift ascent is a testimony to the decentralized nature of finance and blockchain’s transformative power. While its sustainability and long-term impact remain uncertain, one thing is clear – SHIB has firmly established itself as a significant player in the ever-expanding world of cryptocurrencies.
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Source: watcher.guru