Shiba Inu (SHIB) is now one of the best cryptocurrencies to get back into the top 10. Cardano (ADA) might not be in the race anymore if this happens.
The joke coin was worth more than 10% more than it was last week. Its market size is now the eleventh highest in the world. It has been going up, which is a good sign.
A lot of people are interested in SHIB’s quick rise. A lot of people think it will pass ADA soon and become one of the top ten coins, which is what everyone wants. The price of SHIB has gone up a lot since Bitcoin’s fourth split. People are now more optimistic about the altcoin market.
Shiba Inu (SHIB) Rockets Upwards
As shown by CoinMarketCap, SHIB has been going up very quickly. In just the last week, its value has gone up by over 15%. At the time this was written, one SHIB was worth $0.00002736, which is more than $16.12 billion.
Investors are interested in Shiba INU because its price has gone up, and its social volume has reached an all-time high. This shows that it is becoming more and more popular in the crypto community.
SHIB’s data makes it clear that the joke coin will do well in the future. In the time since its peak on April 20, Glassnode data shows that SHIB’s network-to-value ratio has gone down. This means the item might be cheap and its value will probably go up in the next few days.
It also appears that Shiba Inu is rising, as shown by both the MACD and the RSI. In other words, the rise of the meme coin might not be over yet. It looks like SHIB can become one of the best cryptocurrencies again as more people buy it and whales believe it more.
People are worried about how well Bone ShibaSwap (BONE), the environment token that goes with SHIB, will do. It says that the price of BONE has dropped more than 1.8% in the last 24 hours. This makes people wonder what will happen soon with the ticket.
