Crypto market is on the recovering process after a millions loss in the market capitalization. More so, the global performance of the crypto industry is maintaining a green line with 54.28% profits in trading volume within a day.
At present, the market is showcasing a bull run despite the price dip of both the top cryptocurrencies in the marketplace. As per the record, Bitcoin (BTC) and Ethereum (ETH) have fallen on the red line in 24 hours. But, Shiba Inu, meme-coin, empowered the entire crypto market turning out to be the trending coin for the day.
SHIB- The Crypto Star
Surprisingly, Shiba Inu took over the attention of all the crypto users in just 24 hours, ranking among the top 10. As per today’s cryptocurrency prices by market cap, SHIB is ranking first as the most trending coin. Remarkably, Shiba Inu’s trading volume spiked over 57.14% in just 24 hours, exciting the users.
In addition, SHIB recorded a profit of 1000% since the start of Q4, 2021 thus becoming the star player of the crypto space. Also, SHIB marked a new all time high standing on a value of $0.00008845 on October 28th, 2021. Through this, entire crypto users attention turned towards the meme coin gaining more popularity within a day.
Moreover, in the last 24 hours Bitcoin (BTC) prices showed huge fluctuations to the least reaching upto $58,287. Meanwhile as the market was already in dip with the BTC price fall, Shiba Inu took over in the race making a new ATH.
On the other hand, the meme coins are generally showing a rise in their performances which drives a lot of users. Many crypto analysts speculate these coins are working on the green margin profiting the users for short term needs. Thus, these profits from small coins enable the users to take interest to invest on long term crypto assets.
Notably, the current market status of SHIB is $0.000072 with a hike up-to 7.77% in the last 24 hours. Thus, the Dogecoin Killer is on fire with a huge spike in the price along with a new ATH mark in the market.