The Shiba Inu (SHIB) has risen more than 15 percent in value over the past 24 hours, reaching an all-time high.
Shiba Inu (SHIB), one of the popular altcoins, has reached an all-time high. Recently, Elon Musk disappointed investors by announcing that he had no SHIB on a follower’s question. After the development, it was predicted that the price of Shiba Inu would crash, but the altcoin did not fall as much as expected.
SHIB has been on the rise again on the Binance stock market today evening. Altcoin, which gives exciting moments to its investors, became the 11th largest cryptocurrency.
Shiba Inu market cap hits $20,000
According to CoinMarketCap data, SHIB market cap has increased by more than 15% in the last 24 hours to reach $18,000. In this way, altcoin, one of the 11th largest cryptocurrencies, is trading at $0.00004795 at the time of writing. While Bitcoin, Ethereum and Binance Coin are in the top three ranks; Dogecoin, Elon Musk’s favorite crypto currency, placed on the 9th place list.
The circulating supply value of the Shiba Inu is set at 394,796.00B SHIB. With a Fully Diluted Market Cap of $47,667,220,778, the altcoin’s trading volume in the last 24 hours reached $10,336,191,104. SHIB, whose Market Dominance has reached 0.72 percent, continues its upward trend. The current value of Bitcoin is around 62 thousand dollars.
Became the most talked about cryptocurrency
CoinTrendz, which researches the cryptocurrency market, has revealed which currency users are talking about the most on Twitter. According to the data covering October 11, Bitcoin entered the list from the second place, while Ethereum took the third place. Dogecoin was fifth.
Within an hour, 419 people tweeted about the Shiba Inu, making the altcoin the most popular cryptocurrency on social media. While it was determined that 307 people were talking about Bitcoin, it turned out that 188 people shared about ETH. It was followed by cryptocurrencies Anyswap (176), Dogecoin (134), Velas (106), Solana (92), Cardano (85), Axie Infinity (75) and Terra (55).