🔥🔥🔥 #shiba⚡ ($SHIB ) Surpasses Cardano ($ADA ) by market capitalization

Shiba Inu (SHIB), the#cryptocurrencymeme, has surpassed Cardano (ADA) in market capitalization, valued at $16.9 billion and $16.5 billion, respectively, according to CoinMarketCap. SHIB price has increased more than 16% in the past 24 hours, outpacing other major cryptocurrencies.

By comparison, Dogecoin ($DOGE ), ranked eighth by market capitalization, had a modest gain of 2.4%. Notably, smaller meme coins like Solana-based #Dogwifhat (WIF) rose 21.4%, surpassing SHIB's performance. Additionally, #Floki🔥🔥 🔥🔥 (FLOKI) and #BONK🔥🔥 (BONK) recorded double-digit gains, with Pepe showing an 18% gain over the past week despite a 1.1% gain.

While SHIB briefly overtook DOGE in market capitalization in October 2021, it remains to be seen whether it can repeat the feat this year, given the $7 billion gap between the two. Despite the recent surge, SHIB is still down 66% from its October 28, 2021 peak.

Data from IntoTheBlock shows that 70% of SHIB holders are profitable at current prices, with 76% holding the cryptocurrency for more than a year. #EarnFreeCrypto2024