Shiba Inu surpasses Cardano in market capitalization!!!

According to U.Today, the meme cryptocurrency Shiba Inu (SHIB) has reached a higher market capitalization than Cardano (ADA).

According to CoinMarketCap data, SHIB currently has a market value of $16.9 billion, while ADA stands at $16.5 billion.

In the last 24 hours, according to the price of SHIB, this is the second largest meme coin, experiencing an increase of 16%, thus surpassing other major cryptocurrencies.

On the other hand, Dogecoin (DOGE), ranked eighth by market capitalization, has recorded a modest increase of 2.4% in the same period.

In October 2021, SHIB briefly surpassed DOGE in market capitalization. However, there is currently a $7 billion gap between these two rival meme coins, making it uncertain whether SHIB will be able to repeat the achievement this year.

Despite the recent price increase, SHIB is still 66% below its high reached on October 28, 2021.

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