Over the weekend, Shiba Inu (SHIB) pushed its way up the list of the largest cryptocurrencies by market capitalization, leapfrogging both Tron (TRX) and Toncoin (TON).<\/p>\n
The climb followed a positive performance over the past week, during which the dog-themed meme coin\u2019s price surged by more than 70% at one point.<\/p>\n
On November 10, data from various crypto price tracking websites, including CoinGecko and CoinMarketCap, showed that SHIB was among the top 3 best performers in the market. That day, it gained 25%, briefly going past $0.000027. It resulted in a multi-month peak that drove the coin\u2019s market value to more than $14 billion.<\/p>\n
At the time of this writing, SHIB was priced at $0.00002516, a 12.5% improvement in the last 24 hours and a 48.7% jump across seven days. It hugely outperformed the global crypto market, which had gone up by more than 21% over the previous seven days.<\/p>\n
The latest gains have lifted the second-most valuable meme token above the $0.0002169 level, where it had been held since June. Analysts suggest it might break even higher if it sustains the current momentum.<\/p>\n
While still more than 70% below its all-time high (ATH) achieved on October 28, 2021, SHIB is a remarkable 44021689.3% higher than its lowest-ever price, recorded four years ago in November 2020.<\/p>\n
Further, its current $14.77 billion market cap puts it nearly $600 million higher than Tron and about $1.4 billion higher than Toncoin. While TRX is up a modest 0.7%, TON has dipped 2.7% in the last day.<\/p>\n
As CryptoPotato <\/em>reported<\/a>, the meme coin\u2019s run coincided with Donald Trump\u2019s resounding victory in the just-concluded U.S. presidential vote. During his campaigns, the President-elect styled himself as a pro-crypto candidate, and his win is viewed by many as a new dawn for the industry.<\/p>\n His win caused a surge in prices across the broader crypto market, with Bitcoin (BTC) severally breaking<\/a> its all-time high price in quick succession.<\/p>\n There has also been a meme coin resurgence, with Dogecoin<\/a> (DOGE) leading the charge. Valued at more than $41 billion, DOGE is now the sixth largest cryptocurrency by market capitalization after supplanting the USD Coin (USDC).<\/p>\n For its part, SHIB is currently ranked #10 (on CMC), following a late rally<\/a> by Cardano (ADA), whose $20.5 billion valuation places it at #9. Its pseudonymous lead developer, Shytoshi Kusama, chalked down SHIB\u2019s skyrocketing prices to the \u201cpower of technologies and innovative thinking,\u201d which they said had led the project through the bear market.<\/p>\n The post Shiba Inu Enters Top 10 by Surpassing TRX, TON Following Weekend Surge<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Over the weekend, Shiba Inu (SHIB) pushed its way up the list of the largest cryptocurrencies by market capitalization, leapfrogging both Tron (TRX) and Toncoin (TON). The climb followed a positive performance over the past week, during which the dog-themed meme coin\u2019s price surged by more than 70% at one point. SHIB Price Up 12% […]<\/p>\n","protected":false},"author":0,"featured_media":19428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19427"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19427"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19427\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19428"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}