Shiba Inu (SHIB) Outperforms ripple (XRP), solana (SOL) and Cardano (ADA) on This Important Issue
TL;DR
- shiba inu sees significant gains for another day in a row.
- The token has outperformed some of the leading alternative cryptocurrencies in terms of trading volume.
The rally witnessed by Shiba Inu (SHIB) in the last few days looks set to continue strongly. The price of the asset is very green today (March 4) and is up 30% in the last 24 hours and 180% on a weekly scale.
Additionally, SHIB’s market cap exceeded $16 billion for the first time in two years, making it the 12th largest cryptocurrency.
The impressive performance surrounding the second largest breast money doesn’t end there. According to CoinGecko’s data, SHIB’s daily transaction volume reached 5.4 billion dollars at the time of writing this article. superior some leading altcoins.
During the same period, Solana‘s SOL experienced a transaction volume of approximately $3.2 billion, while Ripple‘s XRP was $2.1 billion, while cardano (ADA) was left behind with $1.2 billion.
The Shiba Inu’s gains coincide with the rise of numerous indicators related to its ecosystem. Like CryptoPotato reportedAt the end of last week, the asset burn rate exploded by 30,000%, while total transactions in Shibarium approached the 400 million mark.
The second is a layer 2 scaling solution designed to put SHIB above its competitors by lowering transaction fees and increasing speed. You can find more information about the network in the video below:
The general revival in the market and the frenzy surrounding the meme coin industry signals that SHIB may be on the verge of further price explosion.
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