Meme cryptocurrency Shiba Inu hits fresh high and enters the top 10 by market capitalization
The price of Shiba Inu (SHIB), a clone of the meme cryptocurrency Dogecoin, rose to an all-time high near $0.00006. In the last 24 hours the asset rose by 36%, according to CoinGecko.
According to CoinGecko, Shiba Inu entered the top ten crypto assets by market capitalization with a figure of $32.6 billion. The nearest competitor — Dogecoin — occupies ninth place with $33.4 billion at the time of writing.
On CoinMarketCap, the picture is different: Shiba Inu is in 11th place, and Dogecoin rounds out the top 10.
Shiba Inu has taken ninth place in the overall cryptocurrency ranking, according to CoinGecko.
At the time of writing, SHIB traded at around $0.00005650.
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The project\’s market capitalization exceeded $22 billion, placing it 11th in the overall ranking of CoinMarketCap.
Earlier, the Bitcoin exchange Coinbase added SHIB to the listing. At that time its price jumped by 33%.
On October 20, investment platform Public.com, which launched crypto trading earlier this month, added the coin to the list of supported assets. After that the project\’s Twitter account suggested that an online broker Robinhood might take a similar step.
On October 24, the meme cryptocurrency reached a fresh all-time high at $0.00004447. The next day Elon Musk stated that he had not invested in Shiba Inu. The coin reacted with a drop.
Earlier in October, Shiba Inu overtook Uniswap, Avalanche and Litecoin in market capitalization.
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