Transaction Volume in Shiba Inu (SHIB) Is On the Rise! Statement from SHIB Official!

(SHIB) Transaction Volume is on the Rise! Statement from SHIB Official!

Contents

Market Value in SHIB

Futures Trading on SHIB

Shiba Inu (SHIB), a popular cryptocurrency, witnessed a 16% increase in price and overtook Cardano (ADA) in market capitalization. This development was highlighted by Shiba Inu marketing lead Lucie, who shared the news on social media. Moreover, he also praised the recent rise in SHIB prices.

Market Value in SHIB

This reversal marks a significant shift in the dynamics of the cryptocurrency market, especially in the major cryptocurrency rankings. Additionally, SHIB meme token ranked 10th in the crypto rankings by market cap. As of today, the market value of Shiba Inu is approximately $16.82 billion. This surpasses Cardano, which has a market cap of approximately $16.5 billion. The increase in SHIB's market capitalization is attributed to a combination of factors such as increased investor interest, strategic partnerships and recent technological developments.

Lucie posted a video suggesting that the SHIB price will have a very bullish trend in the future. This score could indicate that SHIB is poised for further growth thanks to strong market sentiment and technical indicators. During the March 2024 rally, Shiba Inu overtook Cardano. However, within a month, ADA regained its place due to the massive bearish trend that led to significant losses in SHIB price. But the recent rise makes up for this.

Shiba Inu price is up around 16% today and it broke out from the $0.000025 resistance level and broke the $0.000028 barrier. This suggests that SHIB could reach the next target of $0.00003, which could be an important milestone. The Shiba Inu price rose 15.93% to $0.00002867 at press time on Wednesday, May 29.#shiba⚡