Crypto.com has announced that Shiba Inu’s meme coin, SHIB, is now the second-best token on the platform. The announcement was made on X, and the Shib Army expressed its excitement about it. Some of them have said that SHIB is indeed poised to climb up the ladder in the days to come. Others have stated that a lot is to come for Shiba Inu.
Most importantly, the listed price has marked an uptick in the last 24 hours. SHIB is exchanging hands at $0.00002707, with a surge of 6.98% during the said time window. While the number has still plummeted by 18.34% in the last seven days, it is a broader improvement of 185.24% in the last 30 days. Also, its market cap and 24-hour volume are up by 6.96% and 2.89%, respectively.
The announcement by Crypto.com for Shiba Inu comes days after it listed ZK by Polyhedra Network on the platform. This has enabled users to trade with the US dollar and deposit their funds conveniently through ERC-20. All they have to do is sign up on Crypto.com if they still need to do so far and get started.
There are a total of 15 meme coins on Crypto.com. Dogecoin dominates the list. For all the right reasons, one can assume that it has a better market cap as compared to Shiba Inu. There is speculation that Shiba Inu will eventually surpass Dogecoin, but that could be a far-fetched goal at the moment. The difference between them is a difference of $6 billion. This means that Shiba Inu will have to rise by nearly 50% to chase DOGE.
DOGE is currently seen exchanging hands at $0.1516, with a surge of 13.99% in the last 24 hours. Shiba Inu is followed by Pepe (PEPE).
The value of the frog-themed meme coin has increased by 12.25% in the last 24 hours to $0.000008118. Its market cap is up by 12.11%, at ~$3 billion, with a vast landscape to cover before it goes to the second top. Alternatively, Shiba Inu could be pulled down if it goes through adversity and loses its market cap.
Interestingly, there is a growing interest level among investors in accumulating DOGE, SHIB, and PEPE at the moment. While the focus is still on BTC and ETH, these altcoins are emerging as the next best choices because they come with a long-term profit-taking motive. They are also more economical for small investors.
Floki features fifth on the list, followed by Bonk. That said, BTC and ETH have made a slight recovery. Their prices are up by 6.20% and 9.45%, in the same order, in the last 24 hours, exchanging hands at $66,943.86 and $3,543.86, respectively.
Source: https://www.cryptonewsz.com/shiba-inu-becomes-the-second-best-meme-coin-on-crypto-com/