A new year has started, and reports from the cryptosphere are making their way into the market. One of the reports shows Shib Inu leading the way ahead of ETH, XRP, and MATIC in terms of being traded the most. While it is just below Bitcoin, the position of SHIB on the list showcases its development team’s testament to growth at all times.
SHIB has outperformed the said tokens, and much of the success is now credited to the launch of many projects. One such project includes the layer-2 scalability solution Shibarium. It has been defined as a game changer for the community, considering Shibarium has processed more than 230 million transactions since the time it was officially rolled out, that is, in August.
WazirX has emerged as a platform whose users support SHIB the most. It has been claimed that many users on the platform have an affinity toward Shiba Inu. This is based on trends and patterns of previous years. The dog-themed altcoin has maintained its status over the years. This has largely impressed Shytoshi Kusama. They believe that the community is going to be more excited when members find out what the team is really up to.
Kusama is a pseudonymous lead developer of the Shiba Inu ecosystem. They have thanked all the supporters and sought their assistance in making 2024 the best year for SHIB.
SHIB was last seen being traded at $0.00001065. This is a fall of 2.20% in the last 24 hours but a rise of 0.38% in the last 7 days. Moreover, the current trading value has surged by 25.65% in the last 30 days. The market cap of SHIB is down by 2.20%, but the 24-hour volume is up by 20.67%.
ETH has the highest value out of all the tokens mentioned in this article. Yet, it trails in the third spot as the most traded token. Also, it has a higher market cap value, which was down by 1.62% at the time of writing this article. ETH was last seen exchanging hands at $2,376.07.
ETH is next looking to target $2,400 as a key milestone. It could prove to be a pivotal moment for traders who have been looking to sell their holdings.
ADA and XRP are listed at $0.6168 and $0.6352, respectively. Like most tokens, both have fallen in the last 24 hours by 2.40% and 0.50% in the said order.
Since August 2020, Shiba Inu and the community have been pleased with what SHIB has accomplished. The fact that this cryptocurrency outperforms dominant cryptocurrencies demonstrates that participants can make a significant impact by interacting more actively with their community. Numerous individuals have commented on this aspect and praised the Shiba Inu development team for devising initiatives to satisfy users’ requirements.
