Shiba Inu (SHIB) is once again outperforming the rest of the market, rising more than 18%.
According to data from the cryptocurrency ranking website CoinMarketCap, the price of the Shiba Inu (SHIB) cryptocurrency has increased by more than 18% in the last 24 hours. it was trading on the Binance exchange for $0.00002904 at press time.
The joke cryptocurrency is still ranked 15th in terms of market capitalization, with a valuation of $15.8 billion. It is getting close to beating TerraUSD (UST). There are now less than $500 million in the difference between the two currencies after the recent price surge.
According to U.Today, the meme cryptocurrency, which made headlines last year due to its massive gains, is now available on the Canadian cryptocurrency brokerage app Netcoins.
In collaboration with cryptocurrency payment gateway NOWPayments, a number of merchants began accepting SHIB and Doge Killer (LEASH) last week.
Shiba Inu still has a long way to go before it can get back to its all-time high of $0.00008616, even with the recent rally. It’s still down 66.41% from the record high.
Dogecoin (DOGE) is also up 8% today, tracking the performance of the broader cryptocurrency market.
Bitcoin (BTC), the world’s largest cryptocurrency, surpassed $48,000 earlier today, reversing a multi-month downtrend and turning positive for the year.
The price of Ethereum (ETH) has also gone up about 7%, rising above the $3,400 level.
The top two performers among the top ten cryptocurrencies by market cap are Terra (LUNA) and Avalanche (AVAX). In terms of daily performance, the two “Ethereum killers” are slightly ahead of Solana. Waves (WAVE) and EOS (EOS), two of the original cryptocurrencies, have also posted double-digit gains, outperforming the top altcoins. The total market value of all cryptocurrencies is $2.1 trillion.
