#shibainu #shiba⚡ #SHIBAUSDT #Shibainuholder
🚨 Attention Shiba Inu memecoin enthusiasts! 🚀🚀
SHIB Climbs to Become the 11th Largest Cryptocurrency, Poised to Challenge Cardano in the Top 10
Despite the cryptocurrency market's volatility caused by Mt. Gox's fund transfers for customer repayments, Shiba Inu (SHIB) has notably overtaken Avalanche (AVAX) to secure the 11th spot in market capitalization.
SHIB's price saw a minor dip of 0.16% to $0.00002552, but its market cap surged to $15.036 billion, surpassing AVAX by $400 million. In contrast, AVAX experienced a sharp decline of 8.33% to $37.16, reducing its market cap to $14.6 billion.
This upward movement for Shiba Inu signals a temporary bullish trend among investors. Nevertheless, SHIB aims higher, targeting Cardano (ADA) next to break into the top 10.
Currently, Cardano sits in the 8th position with a market cap of $16.43 billion, about $1.4 billion more than SHIB. If SHIB maintains its growth trajectory and Cardano encounters setbacks, the meme coin could climb further in the market cap rankings.
