Dogecoin Competitor Shiba Inu Erupts, Hitting $10,000,000,000 Market Cap As Bitcoin and Ethereum Tap Resistance

As the new week begins, the capital of the cryptocurrency market is shifting to Memecoin.

Ethereum-based dog-themed cryptocurrency Shiba Inu (SHIB) surged 40% in the past 24 hours, briefly breaking the $10,000,000,000 market cap.

Dogecoin (DOGE) rivals rose from $0.00001259 to $0.00001762 shortly after Bitcoin and Ethereum tapped a significant level of psychological resistance at $25,000 and $2,000 respectively.

DOGE itself is also on an upward trend, gaining about 15% from yesterday’s $0.073 to a high of $0.084.

Both coins are fairly quiet as far as basic development is concerned.The latest Shiba Inu development is coin addition Binance Card is a Visa debit card that allows users to earn cashback in the form of virtual currency.

SHIB is one of the largest altcoin holdings among Ethereum whales.

Shiba Inu is the fourth largest altcoin among the 5,000 largest Ethereum whales on record, according to on-chain tracker WhaleStats.

this is Overview Top ETH altcoin holdings among the largest wallets in existence.

• USDC $943,954,202
• USDT $767,953,374
• stETH $395,870,787
• Shiv $178,686,986
• Bit $116,441,994
• MKR $97,634,872
• Link $85,205,448

SHIB is down about 80% from its all-time high. At $0.00008616, it reached its all-time high last October.

The current price is $0.00001671, up about 32% in 24 hours.

In a new memo to traders, cryptocurrency exchange Kraken says ETH was the most active asset in the past week as a significant number of investors re-entered the market.

The desk saw steady two-way flow this week. ETH was the most active asset. Many clients took advantage of strong ETH bids to mitigate risk.

Conversely, the breakout has attracted bystander buyers looking to redeploy their cash into BTC and ETH. FLOW inquiries also increased as the token rose following the news of the partnership with Meta. “

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