Shiba Inu Becomes the 7th Most Traded Token With a $1.80 Billion 24-Hour Trading Volume.


Shiba Inu is currently experiencing a surge in value as its price rose by 20% within the last 24 hours, making it the top winner among the world’s leading fifteen biggest cryptocurrencies in market capitalisation.

According to data from CoinMarketCap, SHIB became the 7th most heavily traded cryptocurrency in the past 24 hours. In addition, SHIB’s current market cap stands at $5,873,731,771 ($5.87 billion), making it the 14th most giant crypto coin worldwide. 

Despite the widespread selloff in the global crypto market, the second most popular dog-themed cryptocurrency is showing its strength.

Related: Over 100 Million Shiba Inu Burnt in Two Transactions, Totalling 216 Million in 24 Hours, According to a Report

Shiba Inu Trades in Green While Bitcoin, DOGE Stays Red

Presently, SHIB is the only cryptocurrency trading in green among the top 15 biggest cryptocurrencies, while all other major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), etc., are trading in the red.

The memecoin grew 20% over the last day and is trading at the price of $0.00001069, with a 24-hour trading volume of $1,808,987,328 ($1.80B).

CoinMarketCap also reported that the dog-themed token had attracted more investors after getting $1,808,987,328 ($1.80 billion) trading volume in the past 24 hours, making it the 7th most traded crypto asset.

The increase in 24-hour volume shows investors are not relenting in buying the second biggest meme token in the world at high prices.

Read More: Experts Believe Shiba Inu Could Surge $9 In the Long Run.