Shiba Inu Ranking: Key Metrics and Market Analysis

Shiba Inu Ranking is a fascinating topic, and I'm excited to dive into the key metrics and market analysis. According to our data, the Shiba Inu's market capitalization has surpassed $10 billion, a significant milestone for the cryptocurrency.

The Shiba Inu's trading volume has been steadily increasing, reaching a peak of $1.5 billion in a single day. This surge in volume is a testament to the growing interest in the cryptocurrency.

The Shiba Inu's price has been fluctuating, but its adoption rate has been steadily increasing, with over 1 million wallets holding the cryptocurrency. This widespread adoption is a key indicator of the Shiba Inu's growing popularity.

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Shiba Inu has catapulted itself into the ranks of the top 10 cryptocurrencies by market capitalization, solidifying its position as a major player in the crypto landscape.

The cryptocurrency experienced an extraordinary surge in daily transaction volume, reaching a staggering 5.354 trillion SHIB estimated to be valued at more than $132 million, marking a 169% increase from Tuesday's volume.

Shiba Inu's impressive performance in transaction volume highlights the dynamic nature of the SHIB market, reflecting heightened activity from both retail investors and large-scale participants.

The coin's market capitalization has seen a decrease, falling by 5.98% to $15,382,174,512, but its circulating supply stands at 589,271,839,886,448 SHIB.

Over the last seven days, SHIB experienced a 3.04% rise, and in the past 30 days, it surged by an impressive 11.37%, indicating a resilient upward trend for Shiba Inu.

Shiba Inu is on the verge of regaining its position among the top 10 cryptocurrencies by market capitalization following an impressive 25% rise in value over the past week.

Its current market capitalization of $16 billion is just $1.7 billion shy of the 10th spot currently held by Cardano (ADA), which has a market capitalization of $17.7 billion.

Shiba Inu has steadily risen from a low of $0.00002 on April 19 to a high of $0.000028, and its advance could have been aided by a broader upturn in the cryptocurrency market.

The coin's recent surge in value may be attributed to its innovative developments, such as the launch of its Fully Homomorphic Encryption (FHE) blockchain, which has the potential to transform crypto's privacy and trust.

On a similar theme: Shiba Inu Graph 1 Year

Shib's performance in the cryptocurrency market has been quite impressive, with a maximum supply of 1,000,000,000 SHIB tokens.

Its 24-hour trading volume can reach up to $10 billion, making it a highly liquid market.

Shib's price can fluctuate greatly, with a 24-hour price change of up to 20%.

Shiba Inu has seen a remarkable surge in trading volume, with a staggering 169% increase to over 5 trillion SHIB tokens traded, catapulting it into the ranks of the top 10 cryptocurrencies by market capitalization.

This meteoric rise has propelled SHIB to the 8th spot by 24-hour volume on CoinMarketCap, solidifying its position as a major player in the dynamic and growing crypto landscape.

The impressive performance in transaction volume highlights the dynamic nature of the SHIB market, reflecting heightened activity from both retail investors and large-scale participants.

SHIB's market capitalization has seen a decrease of 5.98% to $15,382,174,512, with a circulating supply of 589,271,839,886,448 SHIB.

The recent surge in trading volume has also led to a 3.04% rise in SHIB's value over the last seven days, and an impressive 11.37% surge over the past 30 days.

Shiba Inu is on the verge of regaining its position among the top 10 cryptocurrencies by market capitalization. It's had an impressive 25% rise in value over the past week.

Currently, Shiba Inu ranks as the 11th largest cryptocurrency, with a market capitalization of $16 billion. To retake the 10th spot, it would need to increase its market capitalization by $1.7 billion.

Shiba Inu has steadily risen from a low of $0.00002 on April 19 to a high of $0.000028. This is a significant increase in just a short period of time.

At the time of writing, SHIB was up 3.30% in the last 24 hours to $0.00002724. It's also up 25.43% in seven days.

The coin's advance could have been aided by a broader upturn in the cryptocurrency market, which has seen cryptocurrencies like Bitcoin and Ethereum rebound to recently tested highs.

The Market Value to Realized Value (MVRV) is a crucial metric to consider when analyzing Shiba Inu's ecosystem.

This metric compares the market value of SHIB to its realized value, helping us understand if the asset is overvalued or undervalued.

A ratio above one indicates that the market value is higher than the realized value, suggesting investors are in profit and the asset might be overvalued, leading to a possible price correction.

The latest data shows that SHIB MVRV stands at 1.43, which is a key factor to consider when predicting the asset's next move.