Shiba Inu Beats the Market Cap of Bitcoin Cash and Litecoin

The cryptocurrency market cap stayed above the important level of $2.5 trillion last week. While Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, Ethereum and Binance Coin saw marginal gains last week, Shiba Inu climbed by more than 40% during the mentioned period.

Due to the latest spike, SHIB’s market cap has jumped above leading digital assets, including Chainlink (LINK), Litecoin (LTC) and Bitcoin Cash (BCH). Shiba Inu is now the 13th most valuable cryptocurrency asset in the world.

“Shiba Inu is +26% in the past 24 hours while the rest of the crypto markets are mostly flat. The young, the rising asset continues pumping eerily in tandem with moments of crowd negativity and doubtful commentary,” the crypto Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term platform, Santiment highlighted.

The overall market sentiment around SHIB has been positive since the start of 2021. The meme token remained the best-performing digital asset among the top 20 during the first 9 months of 2021. Retail interest is mainly driving the latest SHIB rally, but some leading institutional investors have started considering Shiba Inu as a good tool for portfolio diversification.

Shiba Inu’s Record Growth

Yesterday, Shiba Inu touched the price level of $0.000044, which is its highest level on record. The meme coin started this year with a market cap of a few million dollars. Known as the ‘Dogecoin Killer’, SHIB was created in 2020. Shiba Inu’s market cap is getting closer to Dogecoin.

The growing popularity of social tokens has contributed a lot towards the overall growth of Shiba Inu in 2021. Several leading digital exchanges started listing social coins to meet the growing demand from customers. SHIB’s significant 40% jump in the last 7 days shows that the cryptocurrency has the potential to become the most valuable meme token in the world.

Earlier this month, Finance Magnates reported a surge in whale SHIB transactions. During the last week of September 2021, a prominent SHIB address bought more than $43 million worth of SHIB tokens.