Shiba Inu’s open interest increased by 53.98%, reaching $64.78 million, signaling growing interest in SHIB derivatives trading.
Avalanche’s 24-hour trading volume grew by 6.70%, reflecting continuous buying pressure as the token maintains bullish momentum.
SHIB derivatives liquidations totaled $800.82K, evenly split between long and short positions, showing a highly active and balanced market.
Shiba Inu (SHIB) and Avalanche (AVAX) are in the spotlight after a crypto analyst predicted SHIB would overtake AVAX in market dominance.
With both tokens showing strong upward momentum, traders are closely watching for shifts in dominance. Additionally, data from major exchanges further supports this bullish sentiment in both tokens. Besides, data from major exchanges further supports this bullish sentiment in both tokens.
$SHIB about to pass $AVAX pic.twitter.com/qbk2XshKfR
— MartyParty (@martypartymusic) September 27, 2024
Shiba Inu Breaks Out with Strong Gains
Shiba Inu’s price surged to $0.000019, driven by a 24-hour trading volume of $1.37 billion. Its market cap has hit $11.25 billion, reflecting a 23.37% increase in the last 24 hours. The price c…
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